Ranked in 2 Practice Areas
1

Band 1

Financial Services Regulation

Australia

14 Years Ranked

3

Band 3

Dispute Resolution

Australia

14 Years Ranked

Ranked in Guides

About

Provided by Luke Hastings

Asia-Pacific

Practice Areas

Luke is a Partner in the Dispute Resolution practice and specialises in contentious financial services regulatory matters.

Luke has a wealth of litigation and corporate experience, and specialises in contentious financial services regulatory matters. He works closely with his colleagues in HSF’s global FSR team. His advice is also sought by public and private sector clients from a range of industries on appeals, class actions, commissions of inquiry, constitutional challenges, and mergers and acquisitions.

Background:

Luke has a Master of Laws from the University of Sydney, focusing on corporate finance, competition law and media law. He graduated from the same university in Economics and Law.

Luke regularly contributes articles to industry and legal journals and is the author of ‘Enforcing the Continuous Disclosure Regime – Three Case Studies’ in Regulation, Litigation and Enforcement by Michael Legg.

Work Highlights

Financial services/contentious regulatory:

Citigroup in the landmark criminal cartel proceeding brought by the CDPP and the ACCC concerning a $2.5bn capital raising by ANZ. All of the CDPP’s charges were withdrawn.

Citigroup in a landmark insider trading proceeding brought by the Australian Securities and Investments.

Commission. Considered an international ‘test case’ raising novel issues including the ‘Chinese Wall’ defence and investment banks’ procedures for handling potential conflicts of interest. All of ASIC’s claims were dismissed.

Suncorp/ANZ merger in the successful Competition Tribunal appeal.

ASX Limited in proceedings by Isignthis Limited seeking to challenge ASX’s determination to suspend ISX from trading.

Global investment banks in relation to various ASIC investigations and enforcement.

Bank of China in Federal Court proceeding concerning fraudulent USD50m promissory note.

Commonwealth Bank of Australia and Bankwest in the ‘exception fee’ class action.

Hanlong Mining in relation to ASIC insider trading investigation and associated prosecutions.

JPMorgan in relation to futures broking client’s fraudulent passing of cheques.

ASX-listed entities in relation to continuous disclosure compliance and ASIC infringement notice proceedings.

CEO and founder of financial services firm and broker/dealer in successfully opposing ASIC banning order and securing confidentiality regime.

Bendigo and Adelaide Bank on its successful appeal related to the acquisition of Macquarie Bank’s margin lending business.

M&A:

Various clients on numerous merger and demerger schemes of arrangement,

Centro in its restructure, involving creditors’ schemes of arrangement.

CSR on its successful appeal in connection with the demerger of sugar business Sucrogen.

Various clients on contested applications before the Australian Takeovers Panel

Mining.

BHP Billiton in international arbitration against Amcor regarding Philippines nickel joint venture.

Northern Territory Government on the constitutional challenge to the Jabiluka uranium mine.

Ross Mining in landowner class actions in the Solomon Islands.

Commissions of inquiry:

A multinational company in the Royal Commission into Trade Union Governance and Competition in 2014-15.

ActewAGL in the coronial inquiry into the 2003 Canberra bushfires.

A multinational company in the coronial inquest into the 1997 landslide at Thredbo Village, NSW, and subsequent civil litigation.

A multinational company in the Royal Commission into the Australian Building and Construction Industry in 2001-3, the Royal Commission into the Building Industry in New South Wales in 1991-2 and the Royal Commission into the Leasing of Centenary House in 2004.

Chambers Review

Provided by Chambers

Asia-Pacific

Financial Services Regulation - Australia
1
Band 1

Luke Hastings is widely regarded as a leading litigator in the financial services regulation space. He frequently advises international banks, among other major financial services clients, in relation to a variety of contentions matters, including ASIC investigations.


Dispute Resolution - Australia
3
Band 3

Luke Hastings commands widespread recognition in the regulatory litigation space, with a much-prized familiarity with the inside workings of both banks and regulatory authorities informing his strategic insight. He is based in Sydney.

Strengths

Provided by Chambers

Discover other Lawyers at
Herbert Smith Freehills

Provided by Chambers
Filter by
Band

Australia

Banking & Finance: Acquisition Finance

2
Hayley Neilson
2
Band 2
Banking & Finance: Asset Finance & Leasing

S
John Angus
S
Senior Statespeople
Steven Catanzariti
U
Steven Catanzariti
U
Up and Coming
Banking & Finance: Property Finance

2
Melita Cottrell
2
Band 2
Capital Markets: Debt

Andrew Booth
2
Andrew Booth
2
Band 2
Patrick Lowden
2
Patrick Lowden
2
Band 2
Capital Markets: Equity

Philippa Stone
Philippa Stone
Star Individuals
Michael Ziegelaar
2
Michael Ziegelaar
2
Band 2
Tim McEwen
2
Tim McEwen
2
Band 2
Philip Hart
3
Philip Hart
3
Band 3
Charities

Alice Macdougall
1
Alice Macdougall
1
Band 1
Marla Cowen
Associates to watch
Competition/Antitrust

Linda Evans
1
Linda Evans
1
Band 1
Patrick Gay
3
Patrick Gay
3
Band 3
Sarah Benbow
4
Sarah Benbow
4
Band 4
Construction

Andrew Griffiths
4
Andrew Griffiths
4
Band 4
Geoffrey Hansen
5
Geoffrey Hansen
5
Band 5
Corporate/M&A

Baden Furphy
1
Baden Furphy
1
Band 1
Philippa Stone
1
Philippa Stone
1
Band 1
Rebecca Maslen-Stannage
1
Rebecca Maslen-Stannage
1
Band 1
20 of 126 results