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Judge extends asset freeze over iSignthis CEO in $10M stoush with tax office
Tax 2021-10-21 3:39 pm By Christine Caulfield

A judge has extended by a week a freezing order over the assets of ISignthis CEO John Karantzis in a dispute with the Australian Taxation Office over a $10.7M alleged tax debt, but a bid to extend the scope of the order to include shares in a Cyprus-based company launched by the fintech businessman has failed for now.

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Ian Macdonald, Obeids sentenced to jail time for bid-rigging conspiracy
White Collar 2021-10-21 6:13 pm By Miklos Bolza

Former NSW Labor Minister Ian Macdonald has been sentenced to at least five years in prison, and Eddie Obeid and his son Moses will go to jail for a non parole period of three years for their conspiracy to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.

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ATO, Raptis Group to enter ‘commercial discussions’ in $110M tax case
Tax 2021-10-21 12:21 pm By Miklos Bolza

The Australian Taxation Office will have “commercial discussions” with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.

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Worker’s rejection of ‘derisory’ $100 settlement offer not unreasonable, judge finds
Employment 2021-10-21 2:33 pm By Bianca Hrovat

A rejected $100 offer of compromise was not sufficient to warrant a costs order to a Queensland automotive company after it succeeded in Fair Work proceedings brought by a former contractor, a judge has found.

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Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
Transportation & Infrastructure 2021-10-20 5:39 pm By Miklos Bolza

A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.

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Arrest warrant issued for Forum founder Bill Papas
White Collar 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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Social media surgeon seeks urgent injunction ahead of Four Corners episode
Media 2021-10-20 9:32 pm By Bianca Hrovat

A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.

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CIMIC spars with insurers over coverage for Iraq bribery cases
Insurance 2021-10-20 3:48 pm By Cindy Cameronne

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.

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Crane maker NQCranes loses bid to strike out ACCC’s cartel case
Competition & Consumer Protection 2021-10-20 12:20 pm By Cindy Cameronne

Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.

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‘Elephant in the room’: Judge questions conduct of some lawyers for Banksia legal team
Business of Law 2021-10-19 9:54 pm By Christine Caulfield

Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.

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