Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 321 - 330 of 685 results for "Proceedings"

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
The corporate watchdog has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director. If found guilty of all allegations, director Shlomo Yoshai ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... approximately 29% to the last NTA disclosed by KBC," Wilson said. The updated offer comes after Keybridge launched legal proceedings in the NSW Supreme Court alleging WAM Active improperly transferred over 16 million Keybridge shares from 96 Shareholders. ...

Chant West, Zenith agree on acquisition

KANIKA SOOD  |  WEDNESDAY, 1 JUL 2020
Chant West is shelving its legal proceedings against Zenith, as the latter comes back to the table on its planned acquisition, which will see Chant West chief executive Brendan Burwood exit the business. The two companies completed a business sales ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... investigation," the prudential regulator said. "ASIC will, however, consult and collaborate with APRA in relation to any such proceedings." The decision to delegate will allow for greater efficiencies in the investigative process and a more coordinated ...

Mayfair to drop use of platinum

ELIZA BAVIN  |  WEDNESDAY, 17 JUN 2020
... 101 to cease using its Mayfair Platinum brand name from 30 June 2020. Platinum Investment Management launched legal proceedings against Mayfair in the Federal Court in December 2019 alleging trademark infringement resulting from its trading name 'Mayfair ...

CBA coughs up $5m over RC case study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... banking $8,087,276.23 in incorrectly charged fees, interest on loans, and underpaid interest on savings. During the proceedings, CBA admitted to not providing the benefits laid out in the terms of the package, with customers instead facing overcharged ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... governance of Keybridge directors. It also noted that it was concerned about the use of Keybridge Capital funds on the proceedings. "As a shareholder of KBC and with reference to its unconditional all cash offer of 6.9 cents to acquire KBC shares, WAM ...

IFM Investors hits back at MP demanding probe

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
... past enquiries that have looked into vertical integration and listed 15 referrals to APRA from the Royal Commission proceedings, including IOOF, Colonial First State, AMP, NAB/NULIS and OnePath (then owned by ANZ). "The Royal Commission made a number ...

Keybridge takes WAM to court

ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
Keybridge Capital has launched legal proceedings against Wilson Asset Management, alleging WAM improperly transferred Keybridge shares into its own name. According to Keybridge's filing, it commenced proceedings in the Supreme Court of NSW in relation ...

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... bought stock between 27 May 2015 and 6 December 2018 who saw the stock price fall by 35% when APRA launched legal proceedings against IOOF and five directors in December 2018. The law firm further alleged IOOF's conduct breached continuous disclosure ...