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ASIC has wasted no time in appealing a judge’s decision to excuse cryptocurrency product provider Block Earner from paying a civil penalty on the basis that it took advice from a leading law firm that was not seen by the court.
Trial in ASIC’s action accusing former Dixon Advisory director Paul Ryan of breaching his duties began Monday, a case that puts the spotlight on legal advice over a deed that affected the wealth management firm's capacity to recoup a $19 million debt on the eve of its collapse.
A director of two Paladin Group units is entitled to rely on the privilege against self-exposure to penalty in defending a case brought by the Australian Securities and Investments Commission, a court has heard.
Payday lenders Cigno and BSF Solutions have appealed a decision that found they provided credit without a licence, and rejected the claim that their loan model is analogous to buy now, pay later arrangements that don’t require a licence.
The High Court will not hear mining magnate Clive Palmer's challenge to a court's finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.
The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super's attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.
Litigation hobbyist Clive Palmer has filed proceedings against former Australian Securities and Investments Commission chair James Shipton, alleging he acted in bad faith and beyond his power in the regulator's pursuit of claims against him.
A judge has excused cryptocurrency product provider Block Earner from paying a penalty in a case brought by ASIC, despite finding it provided a financial product without a licence, because it obtained legal advice and genuinely believed it was not breaching the law.
ASIC has argued a recent ruling that found Noumi waived privilege over a PwC report by providing it to the regulator could dissuade people from voluntarily disclosing information during investigations and cause a “loss of public benefit” if allowed to stand.
Two units of insurer IAG have been hit with a class action for allegedly misleading hundreds of thousands of home owners insurance customers about loyalty discounts.