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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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HarperCollins wants High Court to reawaken deep sleep defamation case
Defamation 2022-07-27 1:41 pm By Cindy Cameronne

Publisher HarperCollins has filed a special leave application with the High Court seeking to challenge a decision that revived a defamation case by a psychiatrist over a book covering the controversial deep sleep therapy at the Chelmsford Private Hospital in the 1970s.

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BSA’s $20M class action settlement wins court approval
Class Actions 2022-07-26 11:49 pm By Cindy Cameronne

A judge has approved a $20 million settlement in a sham contracting class action accusing telco contractor BSA Limited of misclassifying its workforce of technicians as independent contractors.

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Honda admits ‘accidentally but repeatedly’ misleading customers
Competition & Consumer Protection 2022-07-26 12:35 pm By Sam Matthews

Honda has admitted to the Australian Competition and Consumer Commission’s claims that it mislead the customers of two former authorised dealerships, but is seeking to avoid pecuniary penalties for the “accidental” misconduct.

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Sophie Grace settles $15.4M lawsuit over Gallop collapse
Business of Law 2022-07-26 1:17 pm By Cat Fredenburgh

Law firm Sophie Grace has settled a lawsuit brought by collapsed forex broker Gallop International Group claiming its failure to ensure the company complied with its obligations as a holder of an Australian financial services licence led to $15.4 million in investor funds being loaned to the company’s director in Hong Kong.

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