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Showing 831 - 840 of 2459 results for "Court"

Aon, WTW merger will reduce competition: ACCC

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... year after an extraordinary general meeting and at the special meeting of WTW shareholders which was ordered by the High Court of Ireland. The merger was proposed in March 2020 with an agreement to merge operations in an all-stock transaction with an ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
The Federal Court has found Commonwealth Bank of Australia made false or misleading statements and engaged in deceptive conduct on over 12,000 occasions. Justice Lee found that CBA breached financial services law 12,119 times when charging a rate of ...

Ponzi schemer succeeds at appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
... savings. Now, Douglas Johnston has had three counts of obtaining financial advantage by deception overturned at the Victorian Court of Criminal Appeal, but the court upheld six counts of the same charge. The court of appeal found that evidence from two ...

Macquarie makes telecoms bid

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... implementation agreement. The board also noted the any agreement would be subject to a number of conditions including shareholder, court and regulatory approvals. Despite this, it seems the board indicated the offer was tempting by providing MIRA due ...

IOOF subsidiary loses appeal

ANNABELLE DICKSON  |  FRIDAY, 5 FEB 2021
... millions in compensation after losing an appeal involving its subsidiary Australian Executor Trustees (SA) Limited. The Court of Appeal dismissed AET's appeal against a decision made by the Supreme Court of New South Wales in 2019 in the S.E.A.S ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...

ASIC winds up Mayfair 101 debenture issuer

ELIZABETH MCARTHUR  |  MONDAY, 1 FEB 2021
ASIC has succeeded in winding up the issuer of Mayfair 101's debenture products, with the Federal Court ordering M101 Nominees to wind up. The is the first outcome arising from ASIC's ongoing actions against Mayfair 101 Group and its director James ...

AFCA forced into rule change

ELIZABETH MCARTHUR  |  FRIDAY, 22 JAN 2021
... Complaints Authority has been forced into a rule change regarding its jurisdiction over authorised representatives after a court decision. The NSW Supreme Court ruled in the case of DH Flinders v Australian Financial Complaints Authority that AFCA's ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... and customers do business with their insurer. The transfer will be the last step in the acquisition following the Federal Court of Australia's consideration of the scheme at a hearing in March 2021. In September last year, Commonwealth Bank (CBA) received ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
QBE has lost its final effort to overturn the UK Supreme Court decision against it in relation to policy wording issues, losing its appeal bid in the High Court. The test case was launched by the UK Financial Conduct Authority (FCA) to resolve legal ...