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

Search Results

Showing 61 - 70 of 292 results for "Ruling"

Pendal open to more acquisitions

KANIKA SOOD  |  FRIDAY, 23 JUL 2021
Pendal chief executive Nick Good says the firm is not ruling out future acquisitions, as it finalises its $414 million purchase of US value-oriented manager Thompson, Siegel and Walmsley. Pendal announced the 100% acquisition in May, paying about $414 ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... judge ruled that Klees failed to prove Mayfair 101 had misled him and that he had suffered losses as a result. However, the ruling notes that if Mayfair 101 had represented to the plaintiff that the investment was secured under the Security Trust Deed ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
... million. IOOF expects the pre-tax exposure to reach $19 million net of insurance proceeds and excluding costs. Following the ruling in 2019, IMF Bentham said: "Whilst final orders [from Supreme Court of NSW] are awaited, the Trustee is expected to be ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... million between January 2013 and September 2016. Westpac won the original case in December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when ...

Magnolia Capital takeover saga continues

KARREN VERGARA  |  TUESDAY, 2 FEB 2021
... providing "insufficient evidence" of being able to fund the acquisition and repay its debt. In response to the February 1 ruling, Magnolia Founder and chief investment officer Mitchell Atkins said the Panel's response and orders are technical in ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... whether they respond to COVID-19 and related government mandated lockdowns. The High Court agreed with the Supreme Court, ruling against the insurer, and setting a new precedent for how all insurers will need to respond to in a similar scenario. "Many ...

Woman allegedly left out of will because she was born by artificial insemination

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... could be considered a parent even though there is no genetic link between the father and child," he said. A High Court ruling in 2006 clarified that a sperm donor could not be considered a sperm donor with no parental rights if they are an invested parent ...

Chief economist update: East and west at crossroads

BENJAMIN ONG  |  TUESDAY, 15 DEC 2020
China has continued to tighten the screws on Australia after formally banning the importation of Australian coal. The reason, or reasons, are immaterial. Beijing could dig up a number of justifications for its most recent diktat the same way it did ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
The NSW Court of Appeal has ruled pandemic exclusions are invalid, and insurers will have to cover COVID-19; a ruling that has seen IAG go into a trading halt. IAG entered a trading halt on the back of the news, with the ruling possibly meaning insurers ...

Chief economist update: Prime Minister Suga

BENJAMIN ONG  |  TUESDAY, 15 SEP 2020
... Suga will officially be Prime Minister following a parliamentary vote on September 16 after being elected President of the ruling Liberal Democratic Party (LDP) two days earlier. Prime Minister Suga faces a baptism of fire, thrust into leadership at ...