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ASIC hits pause on Humm’s buy now, pay later products
ASIC 2023-05-26 3:07 pm By Gareth Baker Sydney

The Australian Securities and Investments Commission has hit fintech Humm Group with an interim stop order barring it from issuing buy now, pay later products to new customers.

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Docs produced in arbitration can be used in Rinehart family court battle
Adam Hochroth 2023-05-26 2:56 pm By Sam Matthews Melbourne

A judge has allowed two of Gina Rinehart’s children to use documents produced in private arbitration for their defence in court proceedings over ownership of a valuable mining tenement.

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Peter V’landys’ appeal flops in defamation case over ABC racehorse cruelty report
Anais d'Arville 2023-05-26 10:54 am By Sam Matthews Melbourne

Racing NSW CEO Peter V’landys AM has failed to revive his defamation case against the ABC over a 7:30 segment that revealed racehorses were being killed in violation of industry rules, despite the appeals court noting that the report “treated him very shabbily” and “was not high quality journalism.”

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Judgment day looms in Ben Roberts-Smith defamation case
Arthur Moses 2023-05-25 9:53 pm By Sam Matthews Melbourne

The judge overseeing defamation cases brought by accused war criminal Ben Roberts-Smith will deliver his long-awaited findings next week, ruling on whether allegations of civilian murder in Afghanistan against the country’s most decorated living soldier are substantially true.

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Spain to revive immunity claims in latest suits to enforce $166.7M arbitration awards
Appeals 2023-05-25 3:38 pm By Cindy Cameronne Sydney

Spain has foreshadowed a fresh High Court challenge claiming it is immune from proceedings brought by a renewable energy company and a Deutsche Bank subsidiary to enforce arbitration awards totalling $166.7 million related to changes to its renewable energy policies.

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Sydney fraudster Melissa Caddick dead, coroner finds
ASIC 2023-05-25 12:35 pm By Sam Matthews Melbourne

The New South Wales deputy state coroner has concluded that accused conwoman Melissa Caddick is dead, but questions remain about the circumstances of her death.

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Greenwashing, ESG next target for class action firms, says Clayton Utz partner
Class Actions 2023-05-24 11:00 pm By Cindy Cameronne Sydney

Class action firms and funders will set their sights on claims related to environmental, social and governance investing, says Clayton Utz’s new litigation partner Matthew Spain, but whether the game is worth the candle remains to be seen.

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Online traders win discovery in class action over risky CFDs
Alicia Lyons 2023-05-24 5:16 pm By Sam Matthews Melbourne

Online trading company CMC Markets has succeeded in accessing advice given to class action members who are seeking to recover 10 years’ worth of “significant” losses incurred while trading risky financial products on its mobile and web-based platforms.

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High Court won’t hear Clive Palmer appeal in $26.6M dispute over unpaid gas bill
Alexander Law 2023-05-24 2:48 pm By Sam Matthews Melbourne

The High Court has declined to hear an appeal by Clive Palmer’s Queensland Nickel refinery over a decision ordering it pay $26.6 million for natural gas charges.

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Destec can use evidence from MinRes feud for possible case against ex-director
Contracts 2023-05-24 2:34 pm By Cindy Cameronne Sydney

Mining engineering company Destec has won its bid to use evidence produced in a dispute with Mineral Resources in considering whether to bring a new case against its former director over a lucrative transportation system.

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