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Class action investigation targets Magnis Energy, auditor Hall Chadwick
Securities 2024-02-05 4:42 pm By Cindy Cameronne

A law firm is investigating an shareholder class action against lithium battery producer Magnis Energy Technologies and auditor Hall Chadwick after its share price plummeted to four cents late last year.Ā Ā 

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Thomson Geer picks up partners from Gadens, Holding Redlich
Business of Law 2024-02-05 11:46 pm By Christine Caulfield

Thomson Geer has recruited new partners from Gadens and Holding Redlich to strengthen the law firm’s IP and corporate benches.

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New owners of Nature’s Care face Wu family’s ‘nasty surprise’
Corporate 2024-01-31 10:57 pm By Cindy Cameronne

The current owners of vitamin giant Natureā€™s Care have won an urgent injunction against the company’s founding family, after a judge said it appeared they were trying to regain control of the corporate group.

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New judge vows to not be ‘cranky’, looks forward to bench-eye view of the Bar
Courts 2024-01-30 11:17 pm By Cindy Cameronne

The latest judge to join the NSW Supreme Court has expressed a desire to foster a serious but collegiate environment for advocates and has remarked on the rising importance of legal directories for barristers.Ā 

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Canberra developers can’t muzzle ASIC over disqualification
Real Estate 2024-01-25 10:24 pm By Cindy Cameronne

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 ā€œin the darkā€ and make the market less transparent.

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Ex-Continental Coal secretary pleads guilty to stealing, forgery
White Collar 2024-01-24 11:57 pm By Cindy Cameronne

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.

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Businesses should brace for roll-on effects of COVID-19, says insolvency expert
Restructuring & Insolvency 2024-01-23 11:30 pm By Cindy Cameronne

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 ā€œcontagion effectā€ in 2024, says K&L Gatesā€™ newest partner.

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Penta Capital fined for alleged false claims of $6.9B under management
ASIC 2024-01-22 2:47 pm By Cindy Cameronne

The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.

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‘Confusing maze’: ALRC calls for overhaul of Corporations Act
Policy and Regulation 2024-01-18 10:08 pm By Cindy Cameronne

The Australian Law Reform Commission has recommended extensive reforms to the “confusing maze” that is the Corporations Act, including the creation of a standalone financial services law.

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Virgin bondholders say indemnity unlawfully holding up class action
Class Actions 2023-12-15 10:43 pm By Cindy Cameronne

An investor class action against Virgin Australia has mounted a new challenge to a contentious indemnity clause, which the airline claims entitles it to receive periodic payments for its legal costs in defending the claims.

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