Missing Sydney businesswomen Melissa Caddick was “meticulous and systematic” in generating fake financial records but never made a single investment, pocketing tens of millions of dollars from unwitting family and friends, liquidators say.
Horizon Oil has won its bid to shield Herbert Smith Freehills documents advising the company did not breach foreign bribery laws from being revealed in a defamation lawsuit brought against Fairfax Media by a Papua New Guinea government Minister.
Legal experts say a new policy unveiled by ASIC allowing individuals involved in serious violations of the Corporations Act to seek immunity in exchange for blowing the whistle on their co-conspirators will go a long way towards helping the regulator uncover “hidden and secretive” misconduct.
Social media giant Facebook has announced it will soon reverse its ban on news pages in Australia after discussions with the Morrison government resulted in changes to the mandatory arbitration requirements found in the proposed Australian media bargaining code.
Insurer Allianz and its distributor AWP have fronted court facing charges that they made false and misleading statements about their travel insurance products.
Murray Goulburn insurer AIG Australia says it should not have to pay 20 per cent of a $42 million class action settlement reached by the dairy cooperative, arguing on Tuesday that the class action claims failed to satisfy the definition of a “securities claim” in its insurance policy.
Australia’s merger laws are not fit for purpose and the current approach to merger control needs to be rebalanced, the head of the ACCC has said in setting down the regulator’s agenda for 2021.
Ticket reseller Viagogo is seeking a stay of a $7 million penalty in litigation brought by the ACCC in light of the “catastrophic effect” of the COVID-19 pandemic, as the company appeals a court’s finding that it misled customers on an “industrial scale”.
A royal commission has been established in Victoria to look into whether Crown Melbourne is suitable to hold a casino licence in the state, following a damning report from the NSW gaming authority.
The former chief financial officer of delisted Traditional Therapy Clinics has appeared in court after pleading guilty to market manipulation charges relating to transactions intended to create an artificial share price for the traditional therapy clinic company.