Financial Institutions and Services

Thought Leadership

ASIC’s FIIG Enforcement Action Through a Privacy and Cyber Governance Lens

By: Kieran Doyle, Nicole Gabryk, Matt O’Keefe, Josh Simonis and Stefanie Constance The Australian Securities and Investments Commission (ASIC) has secured a Federal Court ruling requiring FIIG Securities Limited (FIIG) to pay $2.5 million in civil penalties for longstanding failures in cyber security and data protection.1 The ruling marks the first time the Federal Court […]

By : Joshua Weiler Feb 19, 2026 Comments Off

WK News

Wotton Kearney boosts Asia Cyber and Financial Lines practice with senior Singapore hire

Wotton Kearney has expanded its presence in Asia with the appointment of cyber and financial lines expert Pippa Austin as Special Counsel in Singapore. Pippa first joined Wotton Kearney as part of the Financial Lines team in Sydney in 2017. She now returns with two team members to advance Wotton Kearney’s offering in the provision of cyber […]

By : Joshua Weiler Jan 20, 2026 Comments Off

Articles

High Court shuts down solicitors’ CFOs in the Federal Court

By: Amanda Beattie and Gavin Davies In a decision that is bound to disappoint plaintiff law firms but delight litigation funders, the High Court has quashed the Full Federal Court’s decision to allow solicitor’s CFOs in the Federal Court in the Blue Sky Class Action (see Kain v R&B Investments Pty Ltd Ernst & Young […]

By : Joshua Weiler Aug 8, 2025 Comments Off

Articles

The new Aged Care Act 2024 (Cth): What do “responsible persons” and their insurers need to know?

By: Yen Seah and Samantha Younane At a glance The Aged Care Act 2024 (Cth) comes into effect on 1 November 2025. The Act imposes a new statutory duty on directors and other persons responsible for the executive decisions of aged care providers. This includes those who have authority or responsibility for (or significant influence […]

By : Joshua Weiler May 1, 2025 Comments Off

Articles, Case Alerts

Davis v Wilson: The bar for successful shareholder class actions gets higher and higher

By: Amanda Beattie and Zoe Jones At a glance Following its decisions in other shareholder class actions late 2023 and 2024, the Federal Court has handed down yet another unfavourable decision for shareholders (Davis v Wilson [2025] FCA 108). The claim alleged that Quintis’ CEO, Frank Wilson, and its auditor, Ernst & Young, engaged in […]

By : Joshua Weiler Feb 26, 2025 Comments Off

Articles, Case Alerts

Full Federal Court backs privilege protections in voluntary disclosures to ASIC

By: Amanda Beattie and Gavin Davies. At a glance The Full Federal Court has determined that disclosure of a privileged expert report to ASIC in accordance with a voluntary disclosure agreement (VDA) did not amount to a waiver of privilege. This decision restores confidence in VDAs as a valuable tool for companies cooperating with ASIC […]

By : Joshua Weiler Feb 11, 2025 Comments Off

Articles, Case Alerts

ASIC v Union Standard International Group Pty Ltd – the extra-territorial reach of an Australian Financial Service Licensee’s obligation to act efficiently, honestly and fairly

By: Cain Jackson and Samantha Younane ASIC v Union Standard International Group Pty Ltd (No 4) [2024] FCA 1481 At a glance The Federal Court has determined that the obligation to act efficiently, honestly and fairly extends to services provided to clients outside Australia. The decision highlights risks for AFSLs providing products like CFDs to […]

By : Joshua Weiler Jan 20, 2025 Comments Off

Thought Leadership, Video

Trend Watch: Employment law class actions – what do employers need to know?

Employment law class actions have been on the rise in the last few years, particularly around underpayment and the failure to provide entitlements. In the fourth instalment of our Trend Watch video series, Head of Class Actions Amanda Beattie and Workplace + Safety partner Laura Gavan discuss growing trends for employers, impacts of new ‘Closing […]

By : Joshua Weiler Oct 24, 2024 Comments Off

Thought Leadership, Video

Trend Watch: What’s next for shareholder class actions?

2024 has been an interesting year for the class action space, particularly with fewer cases and a more cautious approach taken by both funders and plaintiffs. In the third instalment of our Trend Watch video series, Head of Class Actions Amanda Beattie and Head of Financial Lines Andrew Moore discuss emerging trends in shareholder class […]

By : Joshua Weiler Oct 21, 2024 Comments Off

Thought Leadership, Video

Trend Watch: Reforms to Australia’s AML regime – what you need to know

The Commonwealth Attorney-General has recently introduced the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024, aimed at amending the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and repealing the Financial Transaction Reports Act 1998. The proposed changes signal Australia’s strengthened commitment to combatting money laundering and terrorism financing, targeting criminal activity more effectively. For more […]

By : Joshua Weiler Sep 26, 2024 Comments Off

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