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ASIC sues Equity Trustees over $65M invested in First Guardian fund
The corporate regulator has filed proceedings alleging superannuation trustee Equity Trustees failed to act in members' best interests by allowing them to sink $65 million into Falcon Capital's First Guardian Master Fund.
After High Court loss, Zip reaches deal with Firstmac to acquire TM
Zip Co has reached an agreement to acquire the 'Zip' trade mark from non-bank lender Firstmac, after the High Court rejected its honest concurrent use defence last week.
Credit Suisse funds, UBS must produce docs in $2.2B Greensill case
Two Credit Suisse funds and UBS on Monday lost a battle to shield documents in sprawling litigation over the collapse of trade financier Greensill, failing in their arguments that production of the material ran afoul of Swiss and Luxembourg law.
Seeking $150M penalty, ASIC says Cigno, BSF can’t rely on Piper Alderman advice
ASIC says payday lenders Cigno, BSF and their directors should pay $150 million in penalties, arguing a judge should not have found they were entitled to a reduced $7 million in penalties because they had relied on legal advice from Piper Alderman.
Shield, First Guardian-linked Interprac targets victim in suit against AFCA
Sequoia Financial Group subsidiary Interprac is pursuing a victim of the Shield and First Guardian investment funds failure as part of litigation against the financial complaints watchdog.
In Zip TM case, High Court says honest use not judged by ‘Robin Hood’ test
Zip Co will have to rebrand after losing a challenge to non-bank lender Firstmac’s ‘Zip’ trade mark, with the High Court finding the honest concurrent use is to be judged by the standards of “ordinary, decent people”, not a subjective “Robin Hood” test. 
ART increases ban against ex-UGC adviser to 3 years
A former United Global Capital financial adviser who was banned from registering as financial adviser for two years has been hit with a three-year ban following an unsuccessful review to the Administrative Review Tribunal. 
Ex-Mastercard sales manager says he lied to finance team on 7-Eleven deal
A former Mastercard business development director has admitted at trial to lying to the payments giant's finance department about the risk of 7-Eleven routing transactions to EFTPOS to seal a deal.
Lander & Rogers nabs Corrs finance partner
Lander & Rogers has nabbed a finance partner from Corrs Chambers & Westgarth, who says his clients have been enthusiastic about his shift to a somewhat smaller firm. 
Mastercard’s competition lawyers advised rewording deal, court told
Trial in a case alleging Mastercard misused its market power by striking deals with retailers to defend revenues against EFTPOS routing has heard external competition lawyers suggested removing the word 'routing' from its contract with Woolworths.