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Showing 301 - 310 of 409 results for "Justice"

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
... limited." John Walker, executive director of Bentham IMF, said: "The Full Court has unanimously upheld the original finding of Justice Jagot that S&P's AAA rating was to the knowledge of S&P, misleading and deceptive, and without reasonable basis. "In ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
Retired High Court Justice Ian Calllinan will head Commonwealth Bank's (CBA) independent review panel for the Open Advice Review program that will assist victims of bad financial advice between 2003 and 2012. Callinan will advise CBA chief executive ...

BNP Paribas board approves $9bn fine

AFP  |  MONDAY, 30 JUN 2014
... York Stock Exchange, sources close to the matter told AFP. Another source said each one of the authorities involved - the Justice Department and New York banking regulator Benjamin Lawsky - will make their own announcement. France's largest bank held ...

S&P denied appeal over landmark ruling

MARK SMITH  |  WEDNESDAY, 25 JUN 2014
... case, the US-based S&P should not be required to submit to the Australian Courts. At the conclusion of that court action Justice Stephen Rares rejected all three arguments, stating that the claimants "had an arguable case" and that S&P was "indeed subject ...

FWC halts default super review

JAMES FERNYHOUGH  |  WEDNESDAY, 11 JUN 2014
... Court found the expert panel was incorrectly constituted. In a statement released yesterday the president of the FWC, Justice Iain Ross said that the default fund selection process was formally on hold. "In consequence of the Order of the Federal Court ...

FSC and ISA both claim Federal Court victory

JAMES FERNYHOUGH  |  TUESDAY, 10 JUN 2014
... the composition of the Fair Work Commission (FWC) superannuation Expert Panel, the judges made two orders: first, that Justice Iain Ross's appointment of himself to the panel was invalid, and that the panel is currently incorrectly constituted according ...

Federal Court hears FSC's complaints against FWC

JAMES FERNYHOUGH  |  FRIDAY, 6 JUN 2014
... which the FSC says does not conform to rules in the Fair Work Act. In particular, the counsel argued that FWC president Justice Iain Ross's appointment of himself as an expert on the panel, saying this was against the rules. When asked whether Justice ...

Federal Court finds S&P guilty in landmark ruling

MARK SMITH  |  FRIDAY, 6 JUN 2014
... debt obligations, or CPDOs, that were arranged by ABN AMRO, rated AAA by S&P and sold by LGFS in 2006. In her judgment, Justice Jayne Jagot said a reasonably competent ratings agency could not have rated the product AAA. She went on to say that the rating ...

Ross signals he will step down from Expert Panel

JAMES FERNYHOUGH  |  THURSDAY, 5 JUN 2014
Justice Iain Ross has told the Financials Services Council (FSC) he will step down from the Fair Work Commission (FWC) superannuation Expert Panel if a new expert member is appointed. Ross, who is president of the FWC, made the statement in response ...

FSC puts pressure on Ross ahead of FWC court hearing

JAMES FERNYHOUGH  |  TUESDAY, 3 JUN 2014
... Panel member?" The rules require there to be three experts on the superannuation panel. Currently one of those experts is Justice Iain Ross himself. The FSC maintains that his status as 'expert' is invalid as the rules say you cannot simultaneously be ...