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Showing 1 - 10 of 22 results for "Litigate"

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial. Justices Derrington, Halley, and McEvoy were hearing ASIC's appeal against a previous ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
David Bonderman, the co-founder of global alternatives investor TPG, passed away this week. Bonderman, affectionately known as 'Bondo' to many, was also founder of Wildcat Capital Management, the Bonderman family office, and owner of National Hockey ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... enforcement," Herbert Smith Freehills partner Luke Hastings said. Specifically, the report said ASIC has abandoned its 'why not litigate' approach - which it adopted post-Royal Commission. Longo's appointment during the COVID-19 pandemic, after salary ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... free, or mandatory. Neither was the case." Paull added that in Slater and Gordon's experience: "Westpac would rather litigate and do everything they can to avoid remediating customers." Meanwhile, the Association of Independently Owned Finance Professionals ...

Sargon liquidators want to dig deeper

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... the report reads. "Unless funding is available to undertake public examinations, investigate specific transactions and litigate claims, there may be insufficient asset realisations available for any dividend to creditors." Wexted also said that Sargon ...

Adviser bans fall

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... said. "I also set out its focus on deterrence, public denunciation and punishment, particularly in applying our 'Why not litigate?' enforcement discipline. Crennan said ASIC has worked on developing its enforcement strategy and priorities for 2019-21 ...

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... by the corporate regulator. "We will continue to put other cases of misconduct before the court, applying our 'Why not litigate?' approach to effectively deter similar, new or emerging forms of misconduct across the financial services sector," ASIC said. ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... wake of the Royal Commission as APRA did with its shift to "constructively tough" enforcement and ASIC with its "why not litigate" approach. However, the ATO's review of its enforcement after the Royal Commission found a lack of consistency in the application ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... commissions, potentially in breach of their distribution agreements." He added that advisers may have to be prepared to litigate against fund managers if it can be shown they acted improperly.

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
... focus on deterrence, public denunciation and punishment," Crennan said. "We continue to pursue this work via our 'Why not litigate?' enforcement approach." ASIC is recruiting analysts, investigators and lawyers to bolster its capacity to investigate ...
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