Disputes in the banking and financial services sector regularly bring together a complex set of legal and commercial issues.
Strategic advice sought at the outset can be invaluable when considering how to manage risk and the most effective way forward on any matter. Hall & Wilcox has a team experienced in this area, who work to devise a strategy for each dispute which takes into account the risks and rewards of any action.
We are able to draw on expertise in finance and banking law, financial regulation, insolvency, regulatory issues as well as litigation to bring together a team of experts to advise on all areas aspects of a dispute.
- Representing the non-executive directors of Banksia Securities Limited in relation to a class action filed on behalf of debenture holders, as well as an ASIC investigation and public examination hearings commenced by the receivers and managers.
- Successfully representing Bank of Cyprus Australia in Federal Court and then Supreme Court proceedings in significant recovery proceedings.
- Successfully representing a major bank in connection with the recovery of a business debt of more than $2 million secured by several residential and commercial properties in two states, joint and several guarantees and cross-guarantees and registered charges given by three associated entities.
- Acting for Bendigo and Adelaide Bank in defence of $2.4 million Supreme Court of Victoria proceedings commenced by McDonald’s Australia, involving contract breach and property/leasing issues.
Banking| 04 May 2020
Investment funds: key points for credit or lending funds to consider when assessing the security of your book
The economic impact of the pandemic is likely to continue long after the health risk passes, with a significant economic downturn forecast by the Reserve Bank of Australia. Our Financial Services and Dispute Resolution teams explore the likely impact on investment funds.
Thinking| 30 Oct 2018
On 25 October, ASIC reminded those financial firms who are yet to join the Australian Financial Complaints Authority (AFCA) to act immediately.
Thinking| 15 Jun 2018
Looking ahead to possible reforms: Identifying themes or trends arising from the second round of the Royal Commission
Possible law reforms are on the agenda following the conclusion of the second round of hearings of the Financial Services Royal Commission.
Thinking| 03 May 2018
The second round hearings of the Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry has provided us with a fortnight of newspaper headlines, and resulted in some high profile embarrassment for several organisations.