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| | | ... parties agreed to revise the cash and scrip considerations of the deal, with both to be reduced. Additionally, a Supreme Court ruling determined that a $23 million break free wasn't Pendal's exclusive remedy should Perpetual renege on the deal. ... |
| | | | ... Both Pendal Group and Perpetual have confirmed the terms of their takeover deal have changed, in addition to the Supreme Court ruling that Pendal could rightfully seek more than a break fee if the deal goes south. Both parties have agreed to revise the ... |
| | | | ASIC has accepted a court enforceable undertaking from financial advice firm Lasarith and its sole director and responsible manager Adam Smith. Lasarith, trading as Succession Matters, will cease operating its financial services business under its AFSL ... |
| | | | ... covered by a provision held on 30 September 2022, and the settlement is without admission of liability and remains subject to court approval. The class action followed claims consumers were sold credit insurance without consent when taking out credit ... |
| | | | ... a statement to the ASX, Pendal - which Perpetual is looking to acquire - said Perpetual had sought a delay to the first court hearing on the scheme of arrangement between the two. Pendal said it would not agree to any delays. In response to Pendal's ... |
| | | | ... and other parties regarding a transaction and has sought a delay regarding the next steps of the scheme, namely the first court hearing this week. Pendal said it intends to proceed without delay. "Pendal notes that while the scheme implementation deed ... |
| | | | ... investors into falling for one of the nation's biggest Ponzi schemes, appeared yesterday in the Downing Centre Local Court. He pleaded guilty to five criminal charges, regarding the operation of the scheme, and four offences of engaging in dishonest ... |
| | | | ... the number of outstanding high-rated issues since September 2020 and resolving seven significant regulatory matters and court actions." Its strategy going forward will focus on banking in Australia and New Zealand and improving customer service. "We've ... |
| | | | ... reasonable basis to make the representations, or that the representations were factually incorrect. ASIC deputy chair Sarah Court said: "As entities promote sustainability and green practices as part of their value proposition, they must ensure they ... |
| | | | ... were also entitled to interest rate reductions on some home loans and commercial loans but ANZ didn't pass them on. The court ruled in ASIC's favour, saying ANZ contravened the ASIC Act, the Corporations Act, and the National Consumer Credit Protection ... |
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