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ASIC wins declarations against Sargon Capital unit over super fund promotion 
Financial Services 2021-07-28 10:37 pm By Christine Caulfield

The Australian Securities and Investments Commission has secured declarations in its case against a Sargon Capital subsidiary, which partnered with a superfund promoter accused of misleading customers in marketing calls.

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Forum founder Bill Papas ‘needs money’ to return to Australia, lawyer tells court
Financial Services 2021-07-28 10:22 pm By Christine Caulfield

Forum Group director Bill Papas intends to return to Australia to face $400 million fraud allegations but doesn’t have the funds for a flight home, his lawyer told the Federal Court Wednesday.

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Judge urged to shut down ‘pseudo’ class action over climate change disclosures
Environment 2021-07-28 10:13 pm By Cindy Cameronne

A green activist who filed a group proceeding alleging the government failed to disclose the impacts of climate change to investors in sovereign bonds does not have a common interest with group members and should have her lawsuit declassed, a court has heard.

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‘I didn’t come down in the last shower’: Judge criticises running of two S&P cases
Class Actions 2021-07-28 1:53 pm By Christine Caulfield

A judge has grudgingly agreed to allow a law firm to run an investor’s case against S&P Global over ratings on toxic financial products separately from a class action that makes the same claims, but was warned of the “costs consequences” of the parallel proceedings.

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White & Case strengthens Australian presence with international arbitration partner
People In The News 2021-07-28 12:28 pm By Bianca Hrovat

US law firm White & Case has bolstered its presence in the Asia-Pacific region with the appointment of international arbitration lawyer Lee Carroll as a partner in Melbourne. 

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Foreign troops were ‘infidels’, Afghan witness tells court in Ben-Roberts Smith defamation trial
Defamation 2021-07-27 7:23 pm By Cindy Cameronne

Australian soldiers who raided a village in Afghanistan were “infidels” and the people they killed were “martyrs”, an Afghan villager related to a man allegedly murdered by veteran Ben Roberts-Smith has told a court.

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ACCC appeals ruling throwing out ‘fanciful’ NSW Ports competition case
Competition & Consumer Protection 2021-07-27 7:05 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has appealed a judge’s decision throwing out its competition case over an agreement for the privatisation of two NSW ports, calling the case “a matter of significance for the Australian economy”.

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First ruling on class action firm’s contingency fee bid imminent, judge says
Class Actions 2021-08-03 3:32 pm By Cindy Cameronne

A landmark ruling on a bid for a contingency fee in a class action is close, a judge said Tuesday as she heard argument in a class action against Treasury Wine Estates on whether an opt out notice should be sent to shareholders ahead of a group costs order.

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a2 Milk urges court to register ‘slightly mysterious’ trade marks
Intellectual Property 2021-07-27 5:00 pm By Miklos Bolza

The a2 Milk Company has urged the Federal Court to allow its ‘a2 Milk’ and ‘True a2’ trade marks to be registered, arguing they’re not merely descriptive of a protein in milk.

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Tabcorp sued for patent infringement over ‘Cash Out on Quaddie’ feature
Intellectual Property 2021-07-27 3:04 pm By Miklos Bolza

Australian gambling giant Tabcorp has been hit with a lawsuit for allegedly infringing two patents with its ‘Cash Out on Quaddie’ wagering feature.

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