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ASIC slaps advisor with permanent ban after superannuation fraud
The Australian Securities and Investments Commission has handed a permanent ban to a former financial advisor who pleaded guilty to taking $35,000 from his First Nations clients’ superannuation accounts.
Dentons snags patent ace from intellectual property giant
International law firm Dentons has lured the principal of IPH Limited, which owns leading intellectual property firms including Griffith Hack and Spruson & Ferguson, for its Australasian patents team.
Tolga Kumova wins order barring Stock Swami Twitter ‘campaign’
Mining investor Tolga Kumova has won an order banning the man behind the Twitter handle Stock Swami from publishing allegations concerning the his past actions after a judge found he was defamed by tweets accusing him of insider trading.
Shaw & Partners advisors barred from contacting Fortrend clients
Stock broker Fortrend Securities has secured an order prohibiting two former advisors from contacting their old clients while they litigate a dispute alleging the advisors conspired with Shaw & Partners to poach customers.
FWO brings first-ever legal action against franchisor
The Fair Work Ombudsman has brought its first-ever court proceedings against a franchisor, alleging it is legally responsible for its franchisees’ underpayments of nine workers.
Melbourne craft brewery’s zero carb rival didn’t rip off IP, judge finds
Melbourne craft beer producer Brick Lane Brewing has lost its lawsuit accusing three companies behind the zero carb Better Beer of ripping off its packaging in breach of the Australian Consumer Law.
High Court guts peak indebtedness rule in loss for Gunns creditor
Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.
Full Court triples ‘manifestly inadequate’ penalty against Employsure
The Australian Competition and Consumer Commission has won its appeal against Employsure over alleged misleading Google advertisements, with the Full Federal Court upping the penalty against the specialist workplace relations consultancy from $1 million to $3 million.
Gunns Plantations class action against KPMG settles with ex-Tasmanian Premier
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled its claims against former Tasmanian Premier Robin Gray.
Barrister loses costs review after fee estimate blows out by 480%
A Sydney barrister who charged $349,360 after giving an estimate of $60,000 for work on a bankruptcy case has lost his bid for a costs review after his fee was slashed, with a judge finding his client could not make an informed choice about her representation.