CORPORATIONS – meaning of debenture in s 9 of the Corporations Act 2001 (Cth) – where respondent operated a digital currency exchange through which customers could buy and sell certain cryptocurrencies – where respondent also offered a Finder application (Finder App) on mobile device platforms through which its customers could, amongst other things, access the “Finder Earn” product – where by investing in the Finder Earn product customers could exchange funds in their account to obtain “TrueAUD” stablecoins ownership of which was transferred to the respondent enabling the customer to earn a “return” quantified in TrueAUD which upon expiry of the term was credited to the customer’s Finder Wallet account in AUD – where primary judge held the respondent’s “Finder Earn” product was not a debenture on the basis that there was no money “deposited with or lent to” the respondent or in the alternative that there was no undertaking by the company to repay as a debt that money
Related cases about corporate law
-
Australian Securities and Investments Commission v Wallet Ventures Pty Ltd [2025] FCAFC 93
CORPORATIONS – meaning of debenture in s 9 of the Corporations Act 2001 (Cth) – where respondent operated a digital currency exchange through which customers could buy and sell certain cryptocurrencies – where respondent also offered a Finder application (Finder App) on mobile device platforms through which its customers could, amongst other things, access the…
-
ASIC v Wallet Ventures PL [2025] FCAFC 93
ASIC v Wallet Ventures PL [2025] FCAFC 93
-
Australian Energy Regulator v CAM Engineering and Construction Pty Ltd [2025] FCA 737
CORPORATIONS – admitted contravention of s 112(2) of the National Energy Retail Law (NSW) – where respondent failed to join an energy ombudsman scheme as required as a condition of status as an exempt retailer selling metered energy to residential customers who were residents of a retirement village – where contravention extended over period of…
