Raymond Antony Finkelstein is an Australian lawyer and judge. From 1997 until 2011, he served as a judge of the Federal Court of Australia. His judgments were highly influential in commercial law, giving rise to new approaches in insolvency, competition law and class actions.
In 1975 Finkelstein began practicing as a barrister at the Victorian bar. He shared chambers with fellow Jews Ron Castan, Alan Goldberg and Ron Merkel. It was first dubbed "Bankruptcy Chambers", then "Golan Heights" and eventually became one of Australia's busiest commercial practices. He was made a Queen's Counsel in 1986. In 1992, he served for one year as acting Solicitor-General of Victoria. Finkelstein was appointed as a judge of the Federal Court of Australia on 21 July 1997. By that point, his colleagues Goldberg and Merkel were also on the bench. It made Melbourne a hub for corporate law litigation. At one point in time, around 90% of corporate cases in the Federal Court were listed in Victoria. He has presided over a number of notable cases, including the civil hearing of prominent Australian businessman Steve Vizard, in which he increased the sentence proposed in the Agreed Statement of Facts by both ASIC and Vizard to a $390,000 fine and a ban from holding company directorships for ten years. His judgment of Vizard attracted widespread media attention, but was widely misunderstood as the matter was a civil hearing, involving the review by the Court of an Agreed Statement of Facts The head of ASIC, Jeff Lucy, later conceded that much of the media outrage was caused by ASIC's failure to properly communicate the full facts to the media. Finkelstein has been described as "independent, full of ideas, and unpredictable", often drawing on practices from other jurisdictions to inform the court's ruling, both procedural and substantive. He was also President of the Australian Competition Tribunal.
Independent media inquiry
Finkelstein headed the Independent Media Inquiry, starting from 14 September 2011, which examined the Australian media industry's regulatory framework. The inquiry reported its findings back to the federal government on 28 February 2012.
Finkelstein entered into the debate on judicial activism in a journal article published in the Monash University Law Review, in which he stated that, while he opposes judges acting as "ad hoc legislators", it is naïve to think that a judge's background, education, heritage and personal ethical views do not influence their decisions.
