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ASIC calls for contempt orders against banned wealth manager
A former wealth manager faces action by the corporate regulator for contempt of court after he allegedly breached a court order banning him from involvement in financial services.
Canberra developers can’t muzzle ASIC over disqualification
Two former directors of a Canberra property development group have lost their bid to bar ASIC from announcing their disqualification, with a tribunal finding this would keep financiers and creditors “in the dark” and make the market less transparent.
Mills Oakley hit with negligence suit by former client
A former client has sued Mills Oakley and a Victorian law firm alleging they were negligent while advising on a property transaction with his parents that did not go through. 
Telstra sued for $45M over mobile services contract
Kingfisher Mobile, which provides mobile services to Telstra customers, has taken the telecommunications giant to court for allegedly breached its contractual obligations when it engaged a new provider to take over from Kingfisher.
The Agency Group loses trade mark fight with real estate rival
Sydney real estate group The Agency has lost an appeal in its trade mark case against a rival, with the Full Federal Court upholding a finding that the company would have an “unwarranted monopoly” if other businesses were barred from using the descriptive words in its name.
Ex-Continental Coal secretary pleads guilty to stealing, forgery
A former company secretary of defunct mining and exploration company Continental Coal has pleaded guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
Russian citizen hit with first-ever cyber sanctions over Medibank breach
The federal government has used its cyber sanction powers for the first time against a Russian individual identified as responsible for an attack against private health insurer Medibank that exposed almost 10 million customer records.
Optus outage affected ten times more 000 calls than estimated
A nationwide Optus outage left 2,696 customers unable to place calls to 000, more than ten times what the telco originally estimated.
Businesses should brace for roll-on effects of COVID-19, says insolvency expert
COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a “contagion effect” in 2024, says K&L Gates’ newest partner.
Thiess dodges lawsuit over $54M contract for Wheatstone natural gas project
Thiess has defeated a lawsuit by a rock supplier seeking $9.3 million in damages for alleged delays by the mining services giant in receiving materials for work on Chevron’s Wheatstone natural gas hub.