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Ferroglobe accuses ASX company of using confidential IP after failed collaboration
Intellectual Property 2023-07-19 10:52 pm By Gareth Baker

Ferroglobe has claimed a Queensland technology company used its confidential information in new patent applications, as the global specialty metals producer races to protect its IP before the applications are published.

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Cryptocurrency exchange FTX Australia loses financial services licence
Financial Services 2023-07-19 3:58 pm By Sam Matthews

The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.

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EY boss says PwC conduct ‘not the way we do business’
Policy and Regulation 2023-07-18 3:17 pm By Sam Matthews

Senior EY partners have condemned PwC and attempted to distance the firm from the scandal that has rocked the industry, but its cleanskin claims were met with scepticism by senators, who questioned the failure to provide EY’s partnership deed and remuneration details.

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HWL Ebsworth denies causing client’s loss in $3.5M spat over Dyldam development
Professional Negligence 2023-07-18 10:16 pm By Cindy Cameronne

HWL Ebsworth has admitted it gave a client negligent advice over property in Paramatta’s ‘Auto Alley’ but said the owner’s alleged $3.5 million loss was not caused by the law firm’s mis-step in a transaction with companies linked to the defunct Dyldam Developments.

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$6M suit over Latitude trampoline park share sale thrown out
Contracts 2023-07-18 5:21 pm By Gareth Baker

A Chinese businessman behind the Latitude indoor trampoline park chain has failed in a lawsuit against his Australian co-investor, after claiming a share sale agreement between the two was breached when his partner decided to sell the business to competitor Bounce. 

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Trial wipeout in lawyer’s fight with inventor behind surf machine patent
Intellectual Property 2023-07-18 11:38 pm By Cat Fredenburgh

An upcoming trial in a long-running legal stoush between a patent lawyer and the inventor of a energy efficient surf machine over the rights to the invention has been vacated after a judge found the company the rights were assigned to has not provided satisfactory discovery.

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Zap Fitness founder forced to drop negligence suit against Pitcher Partners
Professional Negligence 2023-07-17 11:07 pm By Christine Caulfield

A court has issued an injunction forcing the discontinuance of a negligence suit against accounting firm Pitcher Partners by the former owner of Zap Fitness, a case found to be barred by the terms of a settlement.

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HWL Ebsworth slammed for pointing finger at holidaying director in $3.5M negligence case
Professional Negligence 2023-07-17 11:39 pm By Sam Matthews

A Sydney auto company suing HWL Ebsworth over allegedly negligent advice provided in relation to property in Paramatta’s ‘Auto Alley’ has slammed the law firm’s plea of contributory negligence against its holidaying director.

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Slew of insurers added to Virgin bond holders class action
Class Actions 2023-07-17 4:49 pm By Cindy Cameronne

A judge overseeing a class action accusing Virgin Australia of failing to disclose its true financial position in a $324 million capital raising prospectus has joined a dozen insurers to the proceeding, which he said had “regrettably languished”.

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CCTV footage from night of Brittany Higgins’ alleged rape automatically wiped, court told
Defamation 2023-07-17 1:53 pm By Cindy Cameronne

ABC and Network Ten have dropped their fight in a defamation case by former Liberal staffer Bruce Lehrmann over missing CCTV footage from the night of Brittany Higgins’ alleged rape, after learning the footage was automatically overridden.

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