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Halifax investors file Full Court appeal to boost recovery
Restructuring & Insolvency 2021-09-13 1:50 pm By Christine Caulfield

Approximately 1,000 investors of collapsed stockbroker Halifax Investment Services have challenged a court decision concerning the date of the realisation of their investments which decreased the amounts they could recoup from the company’s liquidation.

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WiseTech accused in freight forwarder’s lawsuit of misusing market power
Competition & Consumer Protection 2021-09-10 5:53 pm By Christine Caulfield

Freight forwarding company Mondiale has filed a lawsuit against Wisetech Global alleging the logistics software firm breached competition law by misusing its substantial market power.

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Sacked lawyer told to settle or face complaint to legal watchdog, court hears
Employment 2021-09-10 11:22 pm By Christine Caulfield

A law firm may have exerted unfair or illegitimate pressure on a sacked solicitor when it told her to accept an offer to settle her adverse action case or risk referral to the legal watchdog, a judge has found.

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Developer PPK Group appeals defeat in HWL Ebsworth negligence suit
Professional Negligence 2021-09-10 2:19 pm By Christine Caulfield

Property developer PPK Group is challenging the dismissal of its long-running negligence case against law firm HWL Ebsworth over the $25.5 million sale of Crown-owned Sydney land.

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Class action members likely misled about cross-claims in BSA case, judge says
Class Actions 2021-09-09 11:41 pm By Christine Caulfield

A judge will allow workers in a sham contracting class action against technical services contractor BSA to rejoin the case after opting out, saying the company’s communications during the opt out period were capable of misleading “at least a significant proportion” of group members.

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ACCC signs off on BPAY, eftpos, New Payments Platform merger
Financial Services 2021-09-09 10:13 pm By Christine Caulfield

The ACCC has given the OK to the proposed merger of BPAY, eftpos and the New Payments Platform, saying competition between the three payment system companies was marginal and that “strong competitors” would remain after the union.

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Seqwater wins appeal in Queensland floods class action
Class Actions 2021-09-08 11:29 am By Christine Caulfield

Water supplier and dam operator Seqwater has won its high-stakes challenge to a ruling finding it liable for the 2011 Queensland floods and sticking it with half the damages owed to thousands of class action members.

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Silk for former Deutsche Bank exec appointed to NSW Supreme Court
Courts 2021-09-08 10:39 pm By Christine Caulfield

The barrister acting for a former Deutsche Bank executive named in a criminal case over an ANZ share placement has ascended to the NSW Supreme Court.

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Lockdown didn’t trigger business interruption policy in COVID-19 test case, IAG tells court
Insurance 2021-09-06 10:05 pm By Christine Caulfield

Lockdown orders by the Victorian government and an international travel ban in place last year during the first wave of COVID-19 did not trigger a business interruption clause in an IAG policy at the centre of a test case brought by insurers, a judge heard Monday.

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Shareholders fail to prove loss from Babcock & Brown disclosure breaches
Financial Services 2021-09-06 11:49 am By Christine Caulfield

Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.

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