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

Search Results

Showing 571 - 580 of 2455 results for "Court"

Perpetual appoints head of equities

ANDREW MCKEAN  |  MONDAY, 21 NOV 2022
... 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. ...

Pendal, Perpetual amend deal terms

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... 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 accepts EU firm from advice firm

CASSANDRA BALDINI  |  TUESDAY, 15 NOV 2022
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 ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... 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 ...

Perpetual, Pendal deal on shaky ground

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
... 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 ...

Perpetual knocks back second takeover offer

JAMIE WILLIAMSON  |  THURSDAY, 10 NOV 2022
... 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 ...

Former Courtenay House director pleads guilty

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... 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 ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... 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 ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... 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 ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... 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 ...