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In win for ASIC, court finds rent-to-own leases were credit agreements
Competition & Consumer Protection 2024-09-04 11:16 pm By Andy Sidler

A court has held that a “nuanced” business model used by a rental company providing long-term leases to often vulnerable consumer for household items breached the Credit Act, finding the loan agreements were in substance credit contracts. Federal Court Justice Lisa Hespe found on Wednesday that Rent4Keeps attempted to avoid being caught by the Credit…

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Christie Whelan Browne resolves suit against Rocky Horror theatre company
Entertainment 2024-09-04 11:46 am By Cat Fredenburgh

Actor Christie Whelan Browne has resolved a lawsuit against theatre company Oldfield Entertainment alleging it violating the Sex Discrimination Act by subjecting her to sexual discrimination and harassment by fellow cast member Craig McLachlan during its 2014 production of the Rocky Horror Show.

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ASIC says Paladin director can’t rely on penalty privilege
ASIC 2024-09-04 11:06 pm By Sam Matthews

The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.

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Michael Hill wins appeal in $2.3M spat with packaging supplier
Bronte Lambourne 2024-09-04 11:22 pm By Andy Sidler

Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier. 

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Sleeping Duck shareholder rejected $4M settlement in failed oppression suit
Securities 2024-09-04 11:32 pm By Andy Sidler

A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.

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Whitehaven Coal shareholders ‘trapped’ after 2012 acquisition, class action trial told
Trials 2024-09-03 11:45 pm By Cindy Cameronne

Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.

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Judge rejects NAB’s bid for class closure in Walton class action
Class Actions 2024-09-03 1:43 pm By Sam Matthews

The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.

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Pakistan to oppose India’s latest bid for ‘Basmati’ trade mark
Intellectual Property 2024-09-03 11:42 pm By Andy Sidler

The Pakistani government’s opposition to India’s attempt to register a composite ‘Basmati’ trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.

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IP network startup wins injunction against employee who joined rival
Employment 2024-09-03 4:23 pm By Andy Sidler

A former employee of internet service provider Broadband Solutions has been slapped with an injunction restraining his use of company materials and engagement with competitors, with a judge finding it is likely he breached confidentiality clauses.

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Second class action against Quintis wants settlement half to cover legal costs
Class Actions 2024-09-02 11:02 pm By Christine Caulfield

Citing the significant time and costs invested in the litigation, the applicant in the second filed class action over the collapse of Quintis wants his half of a $4.37 million settlement with the sandalwood producer to fund ongoing costs in what remains of the case.

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