Most Recent
‘Fugitive’ Bill Papas entitled to protect lawyer’s notes, court told
White Collar 2022-04-13 4:17 pm By Cindy Cameronne

A lawyer for Forum Finance director Bill Papas has argued the alleged fraudster should be able to shield documents held by his former lawyer under a claim for legal professional privilege despite being a ā€œfugitiveā€ from contempt charges.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC takes Macquarie to court after adviser’s $2.9M theft
Financial Services 2022-04-05 1:57 pm By Cat Fredenburgh

The corporate regulator has filed court proceedings against Macquarie Bank alleging it failed to monitor third-party withdrawals, leading to a financial adviser’s theft of $2.9 million in customer funds.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

No more jail time for ex-Kleenmaid director labelled ‘a man of greed’ by judge
White Collar 2022-03-21 1:01 pm By Cat Fredenburgh

The founder of whitegoods distributor Kleenmaid, who won a retrial after being sentenced to nine years for fraud and insolvent trading, will not spend any more time in jail after being resentenced by a judge who called him “a man of greed”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mayfairā€™s James Mawhinney wants reprieve from ASICā€™s contempt case
Financial Services 2022-03-17 4:14 pm By Cindy Cameronne

Mayfair 101 director James Mawhinney has sought a temporary stay of ASICā€™s case accusing him of being in contempt of court for allegedly breaching a 20-year ban on selling financial products.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Westpac stalls on extradition of Forum Finance’s Bill Papas
White Collar 2022-03-10 5:17 pm By Miklos Bolza

Westpac has yet to commence extradition proceedings against Forum Finance director Bill Papas due to concerns that the alleged fraudster may face only contempt charges if he is brought back to Australia prematurely.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

AUSTRAC launches court action against Crown for ‘systemic’ compliance failures
Gaming 2022-03-01 10:25 am By Christine Caulfield

The financial crimes watchdog has brought enforcement action against Crown Mebourne and Crown Perth for what it describe as widespread and serious non-compliance of anti-money laundering and counter terrorism laws.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

CDPP spent $1.26M on cartel case against banks
Competition & Consumer Protection 2022-02-16 2:11 pm By Cat Fredenburgh

Commonwealth Director of Public of Prosecutions Sarah McNaughton has defended her office’s decision to drop all criminal cartel charges over a $2.5 billion ANZ share raising, revealing the CDPP has so far spent $1.26 million in external costs in pursuing the case.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ill-fated cartel case shows ACCC should stay out of financial markets, ex-Deutsche Bank CEO says
Competition & Consumer Protection 2022-02-11 7:23 pm By Cat Fredenburgh

The CDPP’s decision to drop all criminal cartel charges against two banks and four individuals in a “test case” over a $2.5 billion ANZ share placement shows the ACCC “lacks expertise and objectivity” on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Charges dropped in landmark criminal cartel case over $2.5B ANZ share placement
Competition & Consumer Protection 2022-02-11 11:03 am By Cat Fredenburgh

In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IOOF class action to get ASIC files on abandoned insider trading probe
ASIC 2022-02-08 4:00 pm By Sam Matthews

The corporate watchdog has been subpoenaed for its investigation files in the latest development in a protracted discovery fight in a shareholder class action over alleged misconduct by wealth manager IOOF.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?