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Luke Hastings

Regional head of practice - dispute resolution, Australia

Sydney
Australia

Luke is the Regional Head of the Dispute Resolution practice in Australia. He also continues to practice, principally in financial services regulation.

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Experience

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.

Luke is described in Chambers Asia-Pacific 2016 – Financial Services Regulation as "an industry leader in this space".  He is routinely sought out to represent high-profile financial institutions in ASIC investigations. Clients report "Whenever I have issues, I make sure I have a conversation with him. His first call is usually the right call."

His experience includes

  • 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
  • Bank of China in Federal Court proceeding concerning fraudulent USD50m promissory note
  • Goldman Sachs, BAML, UBS, and other investment banks in various market-related proceedings brought by ASIC and the Australian Securities Exchange
  • Commonwealth Bank of Australia and Bankwest in the ‘exception fee’ class action
  • Hanlong Mining in relation to ASIC insider trading investigation and associated prosecutions
  • Global investment banks in relation to ASIC investigations of benchmark rates (BBSW and FX)

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.

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