Most Recent
COVID-19 concerns put ASIC’s Rio Tinto trial at risk
Allen & Overy 2020-09-08 12:20 pm By Miklos Bolza Sydney
A seven-week trial in ASIC's misleading conduct case against Rio Tinto may have to be postponed after two executives of the mining giant raised concerns that COVID-19 could impact their ability to appear as defendants in the case.
IOOF unit can’t stop ASIC from using royal commission evidence
ANZ 2020-09-07 6:37 pm By Miklos Bolza Sydney
An IOOF subsidiary sued over "bad advice" has failed in its bid to stop ASIC from using documents from the banking royal commission as evidence in the case, with a judge saying the company had already provided the material to the financial watchdog without objection.
Court bars Mayfair’s Mawhinney from talking to investors ahead of wind up battle
Altus Lawyers 2020-09-07 5:02 pm By Miklos Bolza Sydney
Mayfair director James Mawhinney has been blocked from talking to investors ahead of a hearing on an application to wind up the IPO Wealth fund, after a judge raised concerns about investors being "misled and coerced" by the investment hotshot.
ASIC takes Dixon Advisory to court over alleged conflicts of interest
ASIC 2020-09-04 12:58 pm By Miklos Bolza Sydney
The corporate regulator has launched enforcement action against Dixon Advisory & Superannuation Services, accusing the financial services company of having conflicts of interest and providing inappropriate advice to clients.
Judge slams Mayfair director’s misleading comments to investors
ASIC 2020-09-03 5:05 pm By Miklos Bolza Sydney
A judge has criticised "inflammatory" and misleading comments Mayfair 101's director made to investors regarding attempts to wind up firms associated with the IPO Wealth investment scheme.
Global agreement will boost ACCC investigations into Google, Facebook
ACCC 2020-09-03 1:21 pm By Cat Fredenburgh Melbourne
The Australian Competition and Consumer Commission has signed an information sharing agreement with four competition regulators around the globe that will boost its current and future investigations into Google and Facebook.
Mayfair 101’s Mawhinney accuses ASIC of misleading the court in ex-parte hearing
ASIC 2020-09-02 3:03 pm By Alison Eveleigh Sydney
A self-represented James Mawhinney, the director of troubled Mayfair 101 director, has accused ASIC in court of misleading the judge in an ex-parte application brought in August that saw provisional liquidators appointed to the investment firm and Mawhinney banned from transferring assets out of Australia.
Ex-BlueScope exec pleads guilty to obstructing cartel investigation
ACCC 2020-09-01 2:12 pm By Cat Fredenburgh Melbourne
A former executive of BlueScope Steel has pleaded guilty to obstructing an Australian Competition and Consumer Commission price fixing investigation, in the first criminal charges ever brought against an individual in relation to an ACCC probe.
Facebook threatens news ban in Australia over media bargaining code
ACCC 2020-09-01 12:53 pm By Alison Eveleigh Sydney
Social media giant Facebook has come out swinging over the Morrison government’s proposed news media bargaining code, threatening to stop Australians from sharing local and international news on Facebook and Instagram if the code becomes law.
$1.4B MLC acquisition puts IOOF on the hook for class actions, ASIC case
ASIC 2020-08-31 9:59 pm By Miklos Bolza Sydney
Financial services giant IOOF Holdings will be on the hook for any judgments or settlements reached in two class actions and an ASIC lawsuit as part of its $1.4 billion acquisition of NAB wealth management unit MLC.