“I lost my money in a cryptocurrency scam. My financial firm should have warned me.” Which case won?
During the 2021-2022 financial year, a cryptocurrency trader had a trading account with a financial company. He used the company’s platform to transfer bitcoin worth the equivalent of A$119,550 to an organisation called Company K.
The investor was under the illusion that he was transferring money to a legitimate organisation. However, this was not the case. The investor was in fact duped by an initial coin offering (ICO) scam that Company K was running.
The lessor or the liquidator – who owns leased equipment when a company goes into liquidation? Which case won?
In this case, a power company had been retained by a government body in Western Australia to design, construct, test and commission a temporary power station.
In March 2013, the power company entered into a written contract with a conglomerate to lease four mobile gas turbine generators to the power company for a fixed term. At the end of the lease the turbines were to be returned to the conglomerate.