A Defining Conflict: ASIC Appeals Federal Court’s Conflicted Remuneration Decision
The Australian Securities and Investments Commission (ASIC) is appealing the Federal Court (Court)’s decision to dismiss proceedings against the Commonwealth Bank of Australia (CBA) and Colonial First State Investments Limited (CFSIL) brought by ASIC for alleged breaches of the conflicted remuneration provisions of the Corporations Act 2001 (Cth) (Corporations Act).
Hamilton Locke Advises GCI on its Transaction with Openpay and Fortress Investment Group
Hamilton Locke acted for GCI (Global Credit Investments) in relation to the $110 million receivables facility that it and Fortress Investment Group have made available to Openpay. Openpay is a leading payments fintech that provides omnichannel financing solutions for consumers and businesses. The funding will be primarily used by Openpay to support its current growth […]
