ASIC expresses concerns regarding mediation in Keystone Shield case

The Australian Securities and Investments Commission has conveyed to a court its doubts about the potential success of mediation in the ongoing case concerning SQM Research's positive reports on the failed Shield fund.

This statement reflects ASIC's current stance on the matter, indicating a lack of optimism regarding the mediation process.

The implications of this development may affect the strategies employed by legal practitioners involved in similar regulatory disputes.