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Menswear label yd. accused of ‘obvious’ infringement by rival brand Politix
Intellectual Property 2021-08-18 4:38 pm By Bianca Hrovat

Australian menswear label yd. has been sued for “blatant and obvious” copyright infringement for allegedly using a floral pattern produced by rival brand Politix on its shirts.

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Former Citigroup boss escapes ANZ cartel case as prosecutors slash charges
Competition & Consumer Protection 2021-08-17 11:33 pm By Christine Caulfield

Prosecutors have withdrawn two-thirds of the charges in a criminal cartel case over a $2.5 billion ANZ share placement and have dropped their case against former Citigroup CEO Stephen Roberts, according to a lawyer in the case.

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PwC to face misleading conduct claim over advice to Chinese lender
Financial Services 2021-08-17 11:46 pm By Cat Fredenburgh

A judge has found PwC should face a claim that it engaged in misleading and deceptive conduct while assisting Chinese lender Aoyin with its planned launch in Australia by failing to properly advise the company there was a risk its shareholders did not comply with APRA’s ‘fit and proper’ requirement.

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Banks lose cases against directors over $2.8B collapse of steel giant Arrium
Restructuring & Insolvency 2021-08-17 12:15 pm By Christine Caulfield

A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he was not satisfied the directors’ representations on loan drawdown notices were false or that the company was insolvent when it went into voluntary administration in April 2016.

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Criminal cartel charges against CFMEU dropped over witness concerns
Competition & Consumer Protection 2021-08-17 1:06 pm By Cat Fredenburgh

Criminal cartel charges against the CFMEU and its ACT branch secretary have been dropped amid concerns about witnesses’ ability to recall the events at the centre of the case, two months after witness credibility concerns led to a stinging defeat for the ACCC in the Country Care criminal cartel trial.

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Finish Powerball maker sues detergent rival for ‘deceptively similar’ packaging
Intellectual Property 2021-08-17 4:00 pm By Bianca Hrovat

The maker of Finish dishwashing products is seeking an urgent injunction to clear a competitor’s products from supermarket shelves, alleging trademark infringement over “deceptively similar” packaging depicting dishwasher gel caps.

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ACCC wins $1.5M penalty against sporting goods retailer Decathlon
Competition & Consumer Protection 2021-08-17 10:01 pm By Bianca Hrovat

International sporting goods giant Decathlon has been ordered to pay a $1.5 million penalty for selling hundreds of basketball hoops and inflatable swimming pools that did not comply with mandatory safety standards.

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HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
Restructuring & Insolvency 2021-08-16 2:26 pm By Miklos Bolza

Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.

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Use of CBA app for notice of $7M penalty in ASIC case not appropriate, judge says
Financial Services 2021-08-16 2:50 pm By Christine Caulfield

A judge has refused to order Commonwealth Bank of Australia to publish notice of a $7 million penalty in a case brought by ASIC on its mobile app, but the bank will have to alert customers to its misconduct on its website and online newsroom.

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Judge finds documents from Google’s ‘Oh Shit’ meeting relevant to penalty
Competition & Consumer Protection 2021-08-16 5:18 pm By Miklos Bolza

Google will have to hand over documents relating to its infamous ‘Oh Shit’ meeting to the ACCC, with a  judge finding the material was “sufficiently likely” to be relevant to any penalties the search giant will face for misleading consumers about use of their location data.

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