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Squire Patton Boggs recruits former Gilbert + Tobin lawyer for financial services team
Financial Services 2023-12-05 2:49 pm By Christine Caulfield

A former Gilbert + Tobin lawyer with over 20 years’ experience advising clients in finance transactions has joined Squire Patton Boggs’ as a partner in Sydney.

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‘We don’t know’ not a reason to block $4.9B Suncorp merger, ANZ says
Financial Services 2023-12-04 11:17 pm By Cindy Cameronne

ANZ has criticised the ACCC’s objection to its planned $4.9 billion merger with Suncorp, arguing before a tribunal that the alleged “uncertain” effects on competition in banking was not a sufficient reason to block the deal.

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Government urged to shell out $900M to settle live exports class action
Class Actions 2023-12-04 10:43 pm By Cat Fredenburgh

The applicant in a nine-year-old class action over the government’s 2011 live exports ban has urged the Commonwealth to pay up to $900 million to settle the case, after earlier settlement efforts flopped.

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ATO can’t find non-conflicted expert in $173M case over Hilton hotel sale
Tax 2023-12-04 5:27 pm By Sam Matthews

The ATO has lost its bid for a court-appointed joint expert after it failed to find a witness with legal expertise in structuring hotel sales who was not “commercially conflicted”, with a judge ruling that Hilton should not be prevented from relying on an expert report it already obtained.

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Qantas stands by defence in ghost flights case
Competition & Consumer Protection 2023-12-04 9:54 pm By Cat Fredenburgh

Qantas has hit back the ACCC’s argument that the airline failed to respond to key allegations in its ‘ghost flights’ case, telling the court it’s the regulator’s job to particularise its claims.

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PwC class action by Axsesstoday bondholders wants to add insurer, 3 years in
Class Actions 2023-12-04 11:29 pm By Christine Caulfield

More than three years after filing a class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers over a $50 million prospectus, the applicant has asked a court to file a new statement of claim that will join insurer Dual Australia to the case.

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PepsiCo loses dispute with ATO over royalty withholding tax
Tax 2023-12-01 11:57 pm By Cat Fredenburgh

In a victory for the ATO, a judge has found that payments made by Schweppes to PepsiCo as part of a bottling and distribution agreement, which did not expressly provide for payment of a royalty for use of the company’s IP, were royalties and should be taxed accordingly.

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Noumi in talks with ASIC on penalty for continuous disclosure breaches
Securities 2023-12-01 1:38 pm By Cindy Cameronne

Food manufacturer Noumi is trying to reach agreement with the Australian Securities and Investments Commission on a penalty to propose to the court for violating its continuous disclosure obligations by overstating the value of inventory.

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Brittany Higgins denies ‘evolving’ evidence about alleged rape
Defamation 2023-11-30 6:44 pm By Sam Matthews

Facing cross-examination for the first time in Bruce Lehrmann’s defamation case, former Liberal staffer Brittany Higgins has denied she adapted her evidence to suit new information and dismissed the “insulting” proposition that she fabricated the alleged rape by Lehrmann out of fear she would lose her job.

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Procter & Gamble’s ’30 Minute Miracle’ dish soap claims don’t wash, court finds
Competition & Consumer Protection 2023-11-30 3:49 pm By Cindy Cameronne

Consumer goods giant Procter & Gamble Australia made misleading statements that its Fairy ‘30 Minute Miracle’ dishwashing tablet was better at cleaning than Reckitt Benckiser’s Finish Platinum Plus, but both companies made false claims about their products, a judge has found.

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