Financial Institutions Financial Institutions

Matter Examples

Financial Institutions

AFS LICENCE HOLDER - CLASS ACTION

We acted for the insurer of an AFS licence holder in relation to class action proceedings in the Federal Court and subsequent appeal proceedings arising from investment in exotic Constant Proportion Debt Obligation (CPDO) notes.

 

AFS LICENCE HOLDER - INSOVLENT TRADING

We acted for an AFS licence holder in relation to 150 separate claims by administrators and receivers for insolvent trading and/or breaches of directors’ duties.

 

FINANCIAL ADVISOR

Our lawyers acted for the insurers of a financial advisory company and its authorised representative in relation to claims totalling more than $5 million made by two investor claimants.

They provided a detailed indemnity advice in relation to the raft of statutory, common law and fiduciary claims being advanced by the claimants.

Our lawyers conducted the defence of the claims in two Supreme Court of Western Australia proceedings and provided ongoing strategic and commercial advice to the insurers, which resulted in a

FINANCIAL ADVISORS & AFS LICENCE HOLDERS - FOS & CIO COMPLAINTS

We acted for various financial advisors and AFS licence holders in litigated proceedings, Financial Ombudsman Service (FOS) complaints and Credit and Investments Ombudsman (CIO) complaints. These have included matters arising from:

  • Options trading
  • Managed investment portfolios
  • Self-managed superannuation funds (SMSFs)
  • Discretionary trading
  • Tax strategies
  • Forestry and aquaculture schemes.

 

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