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BASF termite control patent invalid, court told
Intellectual Property 2019-07-09 3:50 pm By Miklos Bolza

Sherwood Chemicals wants to exterminate claims alleging it infringed two patents held by US chemical giant BASF for an underground termite control system, saying the patents were invalid and that any infringement, if it occurred, was innocent.

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Prosecutors to fight witness cross-examination at ANZ cartel committal hearing
Competition & Consumer Protection 2019-07-09 11:53 am By Miklos Bolza

Prosecutors will oppose a bid by ANZ, Citigroup, and Deutsche Bank to cross-examine witnesses at the upcoming committal hearing of the criminal cartel case over ANZ’s botched $2.5 billion institutional share placement.

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Dick Smith insurers face class action over IPO-related policy
Class Actions 2019-07-08 4:43 pm By Miklos Bolza

Allianz and a number of other insurers of Dick Smith are now facing a class action over the extent of coverage under an insurance policy for the collapsed electronics retailer’s initial public offering.

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Embattled ex-Quintis boss loses $13.3M sandalwood plantation loan dispute
Restructuring & Insolvency 2019-07-08 4:22 pm By Miklos Bolza

Frank Wilson, solicitor and founder of failed sandalwood producer Quintis, has been ordered by a court to repay a $13.3 million loan used to invest in a 215 hectare Indian sandalwood plantation.

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Ex-James Estate Wines boss ‘manufactured’ evidence in $14M dispute with ANZ, court says
Restructuring & Insolvency 2019-07-05 5:24 pm By Amelia Birnie

A judge has dismissed failed winemaker David James latest bid to overturn a $14 million guarantor judgment against him and in favour of ANZ, saying much of his sworn evidence was “manufactured” and “obviously tailored to suit his case”.

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ACCC must hand over docs on Vodafone-TPG merger investigation
Competition & Consumer Protection 2019-07-04 4:50 pm By Miklos Bolza

The Federal Court has ordered the Australian Competition and Consumer Commission to hand over documents to Vodafone that were “directly relevant” to its decision to oppose the $15 billion Vodafone-TPG merger. In an order given Wednesday, Federal Court Justice John Middleton directed the ACCC to conduct a reasonable search and provide any relevant documents from…

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Samsung in hot water with ACCC over water resistant claims
Competition & Consumer Protection 2019-07-04 1:41 pm By Miklos Bolza

The Australian Competition & Consumer Commission has commenced legal action against Samsung Electronics for allegedly making false, misleading and deceptive representations when marketing the water resistant capabilities of its Galaxy smartphones.

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APRA had ‘unhinged hatred’ of IOOF exec, court told
Financial Services 2019-07-03 7:49 pm By Amelia Birnie

APRA has been accused of harbouring an “unhinged hatred” for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA documents he claims were disparaging of the wealth management company and its executives.

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In latest AMP class actions, judge nudges parties away from beauty parade
Class Actions 2019-07-03 3:41 pm By Christine Caulfield

A judge overseeing competing consumer class actions against AMP over superannuation fees said he would be “reluctant” to hold a contest between the two cases, as the applicants in the rival proceedings tell the court they are in talks about possible consolidation.

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Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
White Collar 2019-07-02 9:03 pm By Amelia Birnie

A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought by IT company Computer Sciences Corporation, but has avoided orders compelling him to take the witness stand.

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