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ClearLoans settles ASIC’s first COVID-19 case against lender
COVID-19 2022-07-18 4:35 pm By Cindy Cameronne

The sole director of personal lender ClearLoans has agreed to settle the first case the Australian Securities and Investments Commission brought related to the COVID-19 pandemic.

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Kahlbetzer family wins $30,000 lawsuit against sacked investment manager
Financial Services 2022-07-18 11:48 am By Cindy Cameronne

A court has ordered a consultant at Kahlbetzer family investment vehicle Twynam Investments to pay a $30,000 judgment for allegedly breaching confidentiality obligations in her contract. 

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Class action wants admissions after Albanese declares ‘climate emergency’
Class Actions 2022-07-15 2:59 pm By Cindy Cameronne

The lead applicants in a climate change class action by Torres Strait Islanders are hoping the Commonwealth will admit climate change targets set by the Morrison government were “woefully inadequate”, a court heard Friday. 

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Seven files ‘urgent’ lawsuit over Commonwealth Games software
Media 2022-07-15 10:45 pm By Cindy Cameronne

Broadcaster Seven has filed court proceedings against a production firm it partners with to broadcast the Olympic Games for allegedly refusing to hand over software it needs for the upcoming Commonwealth Games.

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Christian Porter loses appeal after silk barred from acting in defamation case
Legal Ethics 2022-07-14 2:58 pm By Cindy Cameronne

Former Attorney-General Christian Porter has lost his challenge to a ruling that barred silk Sue Chrysanthou from representing him in his now-settled defamation lawsuit against the ABC over its coverage of historical rape allegations.

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‘No relationship’ with reality: Judge rails against ‘grossly inflated’ security estimate
Financial Services 2022-07-14 5:00 pm By Cindy Cameronne

A judge has slammed a “grossly inflated” estimate of legal costs relied on during a security for costs bid by non-bank lender Aquamore Finance in an appeal over a commercial loan accruing compound interest of 79 per cent per year.

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Reflex fails to prove invalidity of Globaltech patent for devices sold to Boart Longyear
Intellectual Property 2022-07-14 2:03 pm By Cindy Cameronne

Technology company Reflex Instruments has lost its challenge to rival Globaltech’s patent for two mining survey tools, with a judge finding Reflex had not established the technology wasn’t novel and lacked an inventive step.

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Judge questions if Tiwi Islanders disqualified from challenging Santos drill plan
Energy & Natural Resources 2022-07-13 10:33 pm By Cindy Cameronne

A judge has questioned whether Tiwi Islanders’ delay in filing an application to stop Santos from beginning drilling on an offshore gas project this month may have doomed the bid.

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ASIC seeks $15M penalty against GetSwift after ‘unprecedented’ offshore move
Securities 2022-07-12 11:01 pm By Cindy Cameronne

ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator’s enforcement action was on foot, a move the court on Tuesday said was “unprecedented”.

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Mascot Towers owners settle with developer of neighbouring building
Construction 2022-07-12 7:31 pm By Cindy Cameronne

Owners in Sydney’s Mascot Towers have struck a deal with the developer that built a neighbouring property, in a lawsuit seeking more than $15 million in damages over alleged structural cracks that made their apartments unlivable.

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