Australia Weighs Capping Fees for Litigation Funders, Lawyers as Class Actions Surge May 28, 2021 By Paulina Duran SYDNEY – Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for...
Greensill Creditors OK Australian Liquidation; Further Investigations Expected April 26, 2021 By Paulina Duran Creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, voted on Thursday to liquidate...
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims March 19, 2021 By Paulina Duran SYDNEY – Thirty-four creditors of Greensill Capital Pty, the Australian parent of the collapsed British supply chain financier, submitted over...
Australia Firms Begin to Use Legal Clause to Terminate M&A Deals Amid Virus March 26, 2020 By Paulina Duran and Kane Wu Several Australian companies are reviewing or even terminating takeover deals by using a legal escape route because of the devastating...
Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash October 25, 2018 By Tom Westbrook and Paulina Duran Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and...
Australia Life Insurers Will Be Required to Publish Customer Dispute Numbers October 24, 2018 By Paulina Duran Australia’s life insurers will be required to publish customer dispute numbers every six months, top financial regulators said on Wednesday,...
Allianz Under Fire by Australian Commission for Travel Insurance Sales September 17, 2018 By Paulina Duran An Australian unit of German insurer Allianz SE sold travel insurance that misleadingly promised unlimited emergency medical cover wherever people...
Australia’s Financial Services Probe Highlights Need for Corporate Ethical Training September 5, 2018 By Byron Kaye and Paulina Duran When Nick Wailes started as the head of Australia’s top-ranked business graduate school in February, he already had the idea...
Australia’s Scandal-Ridden CBA Overhauls Business, Eyes Sale of Insurance Arm June 25, 2018 By Paulina Duran Commonwealth Bank of Australia said it would hive off its wealth management and mortgage broking businesses, and explore whether to...
Australia Looks to Heavy Fines to Punish Financial Services Wrongdoing April 23, 2018 By Paulina Duran Australia’s competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread...