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Zurich won’t OK NZ apartments class action as it mulls High Court appeal
Class Actions 2022-07-29 1:11 pm By Cindy Cameronne

Irish insurer Zurich Insurance has refused consent for a class action over a defective New Zealand apartment block to proceed in the NSW Supreme Court as it mulls a High Court challenge to the case.

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CFMMEU hit with maximum penalty after alleged homophobic slurs
Employment 2022-07-29 5:03 pm By Cindy Cameronne

The CFMMEU and two of its officials have been hit with the maximum penalty for allegedly breaching right of entry rules and calling a safety advisor “disgusting homophobic slurs” at a worksite on the $5.4 billion Queensland Cross River Rail project.

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Drug companies drop bid for ACCC approval of Revlimid patent settlement
Competition & Consumer Protection 2022-07-29 11:44 am By Cat Fredenburgh

Bristol-Myers Squibb unit Celgene and two generic drug makers have withdrawn an application for ACCC approval of a patent settlement that would have allowed for an early launch of a generic version of blockbuster cancer drug Revlimid.

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Building giant BCEG wins $12M fraud case against former directors
Construction 2022-07-28 6:45 pm By Cindy Cameronne

Chinese construction and engineering firm BCEG has won a $12 million lawsuit against two former directors of an Australian subsidiary after they allegedly swindled millions from the company to fund their own developments and buy a luxury apartment.

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Curve Securities accuses senior adviser of soliciting clients for competitor
Employment 2022-07-28 11:42 pm By Christine Caulfield

Investment firm Curve Securities is suing competitor Ord Minnett and a former associate director, alleging the defecting adviser solicited its clients and misused confidential information.

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Piper Alderman nabs litigation partner from Mills Oakley
Business of Law 2022-07-28 1:12 pm By Christine Caulfield

Piper Alderman has recruited a former Mills Oakley partner to join its commercial litigation practice in Perth.

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Full Court decision could ensnare buy now, pay later schemes, High Court told
High Court 2022-07-27 11:37 pm By Sam Matthews

Payday lenders Cigno and BHF have filed High Court challenges to a judgment which found they could not bypass lender obligations contained in the Credit Code, warning the judgment could subject buy now, pay later schemes to the Code.

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Mastercard says deals with retailers were legitimate, pro-competitive
Competition & Consumer Protection 2022-07-27 12:51 pm By Christine Caulfield

Mastercard had a legitimate and pro-competitive reason for reaching agreements with major retailers to choose its network over Eftpos for debit card processing, a court was told Wednesday in the competition regulator’s misuse of market power case against the financial services behemoth.

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Insurers off hook over coverage for CIMIC Iraq bribery cases
Insurance 2022-07-27 2:02 pm By Sam Matthews

A judge has slashed engineering services firm CIMIC Group’s ten insurance claims in half, finding that the company failed to notify five insurers of a handwritten document dubbed the “Iraq file note” in relation to its claims for coverage of costs arising from allegations it engaged in corrupt practices, including bribing Iraqi officials.

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Moray & Agnew resolves case against insurer over $3.7M settlement with developer
Insurance 2022-07-27 3:16 pm By Christine Caulfield

Law firm Moray & Agnew has reached an agreement with insurer Arch Underwriting in its case seeking coverage of part of a $3.7 million settlement with Melbourne property developer Harry Stamoulis.

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