The takeover deal will help the law firm’s senior lawyers regain a significant stake in the business after being nearly wiped out during its troubles six years ago.
Once one of the country’s top fintechs, iSignthis is fighting allegations of improper conduct in the Federal Court, but its chief defender, chief executive John Karantzis is, so far, missing in action.
While bank customers in Europe and America are facing a white-knuckle ride in recent weeks, there are good reasons why Australian banks are much safer than their overseas counterparts.
Two new reports filed overnight by the liquidators to Porter Davis show the group owes the Commonwealth Bank $33 million and an unknown sum to a private company that owns a director’s thoroughbred breeding group.
A review into the firm’s governance and structures is expected to make recommendations aimed at improving culture and operations after a damaging leak of confidential government information.
Mitchell Atkins once promised investments in high-end vehicles and successful share funds. Now, he’s been banned from managing other people’s money for 10 years.