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

Search Results

Showing 581 - 590 of 727 results for "Proceedings"

ASIC seeks to wind up of LM mortgage income fund

MARK SMITH  |  FRIDAY, 19 JUL 2013
... the multi-million LM First Mortgage Income Fund (FMIF), following the collapse of the fund manager in March. Court proceedings were started by two FMIF investors seeking orders for the appointment of Trilogy Funds Management Limited as responsible entity ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
Commonwealth Bank (CBA) has strongly reacted to the news that Storm Financial victims' lawyer will start legal proceedings against the $136 million settlement that the bank reached with the Australian Securities and Investments Commission (ASIC) last ...

Wellington forced to pay ASIC's cost of appeal

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... the costs incurred by the Australian Securities and Investments Commission (ASIC) after the regulator brought legal proceedings against the responsible entity of the Premium Income Fund (PIF). The cost of the proceedings is estimated to be between $80,000 ...

Storm founders will face trial

LAURA MILLAN  |  MONDAY, 1 JUL 2013
... summary dismissal of the case. The Australian Securities and Investments Commission (ASIC) will pursue its civil penalty proceedings alleging that the former executive directors breached their duties. ASIC seeks to ban the Cassimatises from the financial ...

ASIC continues proceedings against Wellington Capital

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
... Limited (ARL) was invalid and has scheduled a hearing on interlocutory relief on June 12, 2013. ASIC started legal proceedings in September 2012 after Wellington announced that ARL had acquired $90.75 million in PIF assets, in return for which the PIF ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
... which dismissed an application by the Australian Securities and Investments Commission (ASIC). ASIC started legal proceedings in September 2012, after Wellington announced that ARL had acquired $90.75 million in PIF assets in return for which the PIF ...

Two Storm victims to receive $1.1m in compensation

MARK SMITH  |  WEDNESDAY, 29 MAY 2013
... Storm Financial case. A three-week trial was due to commence on 3 June 2013 in the Federal Court of Australia. "The proceedings, which ASIC commenced in December 2010, were brought to hold the banks accountable for their role in the losses suffered by ...

ASIC drops charges against Westpoint directors

MARK SMITH  |  WEDNESDAY, 15 MAY 2013
Proceedings against former Westpoint directors Norman Carey and Graeme Rundle have collapsed after the regulator discovered a surprise document, two weeks into the trial. The Australian Securities and Investment Commission (ASIC) said it had disclosed ...

Over regulation delays global recovery

MARK SMITH  |  MONDAY, 8 APR 2013
... managers in the oversight of the corporate governance in the companies in which they invest." It said it will be watching proceedings closely and aims to work with legislators during the consultation process to help avoid unintended consequences.

ASIC steps up investigation into SMSF fraud

MARK SMITH  |  WEDNESDAY, 20 MAR 2013
... Arizona, these properties have since been sold. ASIC continues to investigate the conduct of the defendants in the proceedings, including who has control of the sale proceeds of the Arizona properties.