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ASIC should spell out ‘serious’ insider trading allegations, Westpac tells court
Financial Services 2021-05-19 4:07 pm By Cindy Cameronne

Westpac has argued that ASIC should flesh out its case accusing the banking giant of insider trading before the $16 billion privatisation of electricity provider Ausgrid, saying the regulator has not explained the nature of the alleged inside information.

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Crown’s top lawyer threatened regulator over push for money laundering controls, inquiry hears
Gaming 2021-05-18 8:44 pm By Cindy Cameronne

Crown’s former legal boss threatened to call the federal gaming minister after Victoria’s gaming watchdog pushed the company to implement stronger anti-money laundering controls on junket players, the royal commission into Crown Melbourne has heard.

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Westpac class action funder forgoes commission after running out of money
Class Actions 2021-05-18 8:28 pm By Christine Caulfield

The cash-strapped litigation funder that initially agreed to bankroll a class action against Westpac over life insurance premiums will not earn a cent in commission under a proposed $30 million settlement.

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Damages claimed in Takata airbags class action against VW ‘quite absurd’, court told
Automotive 2021-05-18 8:25 pm By Miklos Bolza

A class action trial against Volkswagen over recalled Takata airbags has kicked off, with a lawyer for the car giant denying the airbags carried a safety risk and attacking as “quite absurd” the sought-after damages of 30 percent of the initial price tag of affected cars.

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FWC rules Deliveroo driver was employee, not independent contractor
Employment 2021-05-18 2:30 pm By Cat Fredenburgh

In a victory for gig economy workers, the Fair Work Commission has found that a Deliveroo driver who was sacked for not working fast enough was an employee, saying the company’s power to exert control over its workers with data collected through its app weighed in favour of a finding of that employer-employee relationship existed.

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Crown ‘lied’ to regulator, faces potential contempt charge, inquiry hears
Crown Resorts 2021-05-17 10:36 pm By Christine Caulfield

A “belligerent” Crown Melbourne lied to investigators probing the arrests of 19 of its China-based staff, and the casino operator could face charges of contempt for failing to respond to demands for documents by the gaming watchdog, an inquiry has been told.

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Christian Porter’s lawyers accuse ABC of ‘improper’ allegations against silk
Defamation 2021-05-17 6:59 pm By Miklos Bolza

Lawyers retained by former attorney-general Christian Porter have accused the ABC of making “improper” allegations against Porter’s counsel, who is facing calls for her to return her brief to act for him in defamation proceedings against the national broadcaster.

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Baker McKenzie dragged into Chinese lender’s case against PwC over failed Aussie launch
Accounting 2021-05-17 5:52 pm By Cindy Cameronne

Chinese lender Aoyin wants to join Baker McKenzie to its claims against PwC over a failed bid to launch the first Chinese bank incorporated in Australia, after advice documents from the law firm were uncovered in a last-minute privilege fight.

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Aurizon accused of flagrant copyright infringement by software giant Dassault
Intellectual Property 2021-05-17 4:44 pm By Miklos Bolza

Queensland rail operator Aurizon has been sued for breach of contract and “flagrant” copyright infringement for allegedly using software produced by French software giant Dassault without the necessary licence.

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Shell wins appeal over deductions from WA gas exploration project
Tax 2021-05-17 4:11 pm By Miklos Bolza

Fossil fuel giant Shell Australia has partially won a challenge to a tax office decision denying deductions claimed over an acquisition the increased the company’s stake in Woodside Energy’s Browse Basin gas exploration joint venture project.

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