Meaning of accessorial liability Individuals or corporations may be liable for contraventions of the Corporations Act 2001 (Cth) ('the Act') on the basis of their primary liability or accessorial liability. Primary...
Last week, the Australian Securities and Investments Commission (ASIC) launched civil proceedings in the Federal Court of Australia against retail giant Harvey Norman Holdings Ltd (Harvey Norman) and its credit-card ...
In the case of Stubbings v Jams 2 Pty Ltd [2022] HCA 6, the High Court allowed an appeal in relation to unconscionable conduct surrounding asset-based lending and vulnerable borrowers. In particular, the High Court found that lenders cannot ...
Sexual harassment in the workplace traditionally involves offensive or unwelcome behaviour of a sexual nature from a colleague or manager. However, in a more unusual decision, two companies were recently found liable for $200,000 in damages after fea...
The Crown Resorts Limited's (Crown) $1 million fine from the Victorian Regulator would seem insignificant in the context of the potential penalties under the Corporations Act 2001 (Cth) (the Act) if Crown is...
On 5 March 2021, in Australian Securities and Investments Commission v Dover Financial Advisers Pty Ltd (No 3) [2021] FCA 170, the Federal Court ordered Dover Financial Advisers Pty Ltd (Dover) to pay a $1.2 million penalty ...
On 1 January 2021, drastic reforms were made to the Australian insolvency legal landscape through The Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) (the Amending Act). Despite these reforms only applyi...
Bitcoin has hit an all-time-high this week, breaching AUD$60,000 and appears to be in a new price-discovery phase. The rise is, at least partially, coming off the back of ubiquitous American electric vehicle automotive company, Tesla, confirming in S...
The NSW Court of Appeal has recently dealt with the issue of whether leave should be granted to allow proceedings to continue to final orders in a situation where administrators were appointed after publication of the Court's reasons, but before fina...