Ananya Roy
Clayton Utz
Special Counsel
Sydney
Overview
Ananya is an experienced litigator, with expertise in assisting companies with managing complex litigation (including class actions) and navigating regulatory investigations, inquiries and Royal Commissions. She specialises in advising on financial services laws, corporate governance, shareholder disputes, contractual disputes, fraud, and compliance with anti-bribery and corruption laws. Her focus is on delivering commercial, pragmatic and prompt legal advice to clients, and where possible, reaching a commercial outcome without extended litigation.
Notable Work
- Westpac: acting in civil penalty proceedings commenced by ASIC relating to financial hardship obligations under the National Consumer Credit Protection Act.
- ASIC enforcement investigations: acted in numerous ASIC enforcement investigations, including while on secondment in an in-house legal capacity at Westpac and for ANZ on a matter that resulted in an enforceable undertaking. Also currently acting for two senior individuals in an ASIC investigation into alleged breaches of continuous disclosure laws by the company, including representing the individuals at compulsory examinations.
- Bribery & corruption: assisting a global mining company in connection with investigations into alleged bribery and corruption undertaken by law enforcement agencies including the Australian Federal Police (AFP), the Serious Fraud Office (SFO) and the U.S. Securities & Exchange Commission (SEC).
- Fraud: acted for Rentokil in proceedings against a former employee that resulted in the recovery of approx. $3.4 million that misappropriated through an extensive fraud, including successfully obtaining freezing orders on an ex parte basis. Currently acting in another proceeding to recover the proceeds of fraud of approx. $3 million.
- Melco Resorts: acted for the NASDAQ listed casino operator in its response to the NSW statutory Inquiry under the Casino Control Act with Royal Commission powers.
- Commonwealth Bank of Australia: part of the core legal team that assisted with CBA's response to the Financial Services Royal Commission.
- Class actions: acted for a subsidiary of Perpetual in defending the Banksia class action, and several other related proceedings commenced by the liquidators, claiming damages of over $200 million following the financial collapse of Banksia Securities. Also acted for Standard & Poors in defending several class actions that resulted in commercial settlements.
- Proceedings to give effect to the Hague Evidence Convention: advised a former employee in respect of Australian proceedings commenced to give effect to a Court order in foreign proceedings that evidence be given by way of deposition.
- Professional negligence: advised a number of sophisticated clients on claims for negligence in the professional services industry (both in a plaintiff and defendant capacity), including acting for a big four accounting firm in defending claims arising from audit and accounting services.
- Shareholder disputes: advised a number of clients on prosecuting and defending oppression claims, including obtaining urgent injunctive relief from the Court to protect a shareholder's interest.
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12 Oct 2022 | Article
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1 Sep 2022 | Article
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Managing cybersecurity risk – precedent ASIC enforcement action provides key learnings
26 May 2022 | Article
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Continuous disclosure reforms, the new mental element for civil penalty actions, and shareholder class actions
16 Aug 2021 | Article
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Three lessons from the Federal Court on avoiding misleading or deceptive conduct when marketing financial products
1 Apr 2021 | Article
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ASIC v Bendigo and Adelaide Bank – Unfair contract terms regime for financial services and beyond
11 Jun 2020 | Article
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Stronger Regulators Act: ASIC's powers strengthened again with search warrants, wire taps and banning orders
16 Apr 2020 | Article
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