RAMS Strikes $29M Deal To End Franchisee Class Action
Former home loan provider and Westpac subsidiary RAMS Financial Group will pay $29.6 million to settle a franchisee class action over alleged wrongful termination in the Federal Court of Australia.
Westpac Brings Broker Contract Dispute to NSW Supreme Court
Westpac has alleged an online investment broker failed to uphold its end of an expiring services agreement in a case filed with the Supreme Court of NSW.
ASIC Says 'Beyond Warnings' On Private Credit Market
ASIC Commissioner Simone Constant has hit out at the private credit market for "inconsistency in standards" across asset valuations and liquidity levels warning enforcement action is now on the agenda, in a speech on Tuesday.
RAMS Strikes $29M Deal To End Franchisee Class Action
Former home loan provider and Westpac subsidiary RAMS Financial Group will pay $29.6 million to settle a franchisee class action over alleged wrongful termination in the Federal Court of Australia.
Westpac Brings Broker Contract Dispute to NSW Supreme Court
Westpac has alleged an online investment broker failed to uphold its end of an expiring services agreement in a case filed with the Supreme Court of NSW.
ASIC Says 'Beyond Warnings' On Private Credit Market
ASIC Commissioner Simone Constant has hit out at the private credit market for "inconsistency in standards" across asset valuations and liquidity levels warning enforcement action is now on the agenda, in a speech on Tuesday.
Expert Analysis
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Financial Services More
Crown Resorts Ltd has sued excess insurer RiverStone International in the Supreme Court of Victoria over its refusal to cover part of a $72.5 million shareholder class action settlement tied to the casino oper... (more story)
The Federal Court of Australia has thrown out a $27.2 million bid from the liquidators of former share market darling and video startup Big Un to recoup losses from financiers First Class Capital, ruling Tuesd... (more story)
KPMG auditors failed to properly look into contradictory information and unrealistic projections from Arrium Ltd before signing off on audits of the steelmaking and mining company ahead of its 2016 collapse, s... (more story)
ASIC has issued an interim stop order for three private credit funds under the Remara Cash Management Fund offered by Melbourne Securities Corporation Limited citing protection of retail investors hours after ... (more story)
Law Institute of Victoria President Tom Ballantyne has urged lawyers to be transparent on costs, communicate clearly with their clients and expand access to justice to rebuild public trust in the legal profession in a speech.
Telix Pharmaceuticals Ltd. on Monday unveiled plans to acquire ITM Isotope Technologies Munich SE in a deal worth up to $2.3 billion that was built by three law firms.
An Administrative Review Tribunal member has cut a lifetime financial services ban that the Australian Securities and Investments Commission issued to Ponzi scheme director Noel Northcott to 10 years and allow... (more story)
An Israeli national from Sydney has been sentenced to 14 years' imprisonment by the NSW District Court after being found guilty of running a $50 million online investment scam that targeted more than 1,000 peo... (more story)
Commercial Disputes More
A judge in a $19.5 million Supreme Court of NSW dispute over alleged JV misappropriation said Tuesday he would restart the trial after his predecessor was disqualified for suggesting one party's lawyers may ha... (more story)
The Queensland Court of Appeal panel has dismissed VietJet's appeal, upholding a ruling by the High Court of England and Wales that the Vietnamese airline must pay FW Aviation US$181.5 million ($255 million) i... (more story)
Asset manager Perpetual has rejected a fourth takeover offer by private equity firm EQT for $2.6 billion as insufficient and said its engagement with EQT over a potential buyout has ended.
The Foreign Investment Review Board has approved industrial and real estate company Maas Group's $1.7 billion sale of its construction materials unit to the Australian arm of Germany-based Heidelberg Materials.
The Federal Court has rejected Crescent Capital Partners' bid to appeal costs owed to Salaam Wealth after the private equity firm dropped its trademark case following Salaam's 2024 rebrand, ending a dispute th... (more story)
Former High Court of Australia Justice William Gummow who ruled on the landmark Wik case and taught law at the University of Sydney and ANU, has died at the age of 83, the court has announced.
A Federal Court justice has ordered the winding up of a company linked to former A-League club Western United, appointing a liquidator nominated by a creditor and the family company of its director of football... (more story)
The Australian Energy Regulator is seeking special leave to appeal a Full Federal Court of Australia decision overturning a 2024 finding that AGL had "overcharged" 483 Centrelink clients by accepting welfare-p... (more story)