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Ord Minnett lobs cross-claim against former executive
Employment 2024-09-03 11:47 pm By Sam Matthews

Wealth investment firm Ord Minnett has filed a cross-claim arguing a former executive who claims he was sacked for complaining about a $110,000 cut in his pay imposed after ASIC slapped the firm with a penalty for breaching market rules.

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Pakistan to oppose India’s latest bid for ‘Basmati’ trade mark
Intellectual Property 2024-09-03 11:42 pm By Andy Sidler

The Pakistani government’s opposition to India’s attempt to register a composite ‘Basmati’ trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.

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White & Case continues strategic growth with real estate partner in Sydney
Business of Law 2024-09-03 3:53 pm By Cat Fredenburgh

White & Case has snagged a partner from Maddocks with more than 25 years of experience in corporate real estate to assist the firm on global transactions and restructurings.Ā 

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Tesla CEO Robyn Denholm did not use ā€˜Wollemiā€™ trade marks, court told
Intellectual Property 2024-09-02 11:04 pm By Sam Matthews

CBA-backed climate venture capital firm Wollemi says that Tesla CEO Robyn Denholm did not use ā€˜Wollemiā€™ and ā€˜Wollemi Capitalā€™ as trade marks ā€œat any point in timeā€, as it seeks to defeat Denholmā€™s appeal of a decision which rejected her family officeā€™s opposition to registration of the marks.

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Spain loses appeal over security after refusing to pay $200M judgment
Scott Robertson 2024-09-02 2:01 pm By Cindy Cameronne

The Kingdom of Spain must pay $56,000 in security to bring its challenge in a long-running dispute over whether it must pay a $200 million arbitral award to two renewable energy investors.Ā 

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Courtenay House director slapped with 11-year sentence for $180M Ponzi scheme
Financial Services 2024-09-02 11:09 pm By Cat Fredenburgh

Courtenay House director Tony Iervasi has been sentenced to 11 years’ imprisonment after pleading guilty to charges connected to a $180 million Ponzi scheme that duped hundreds of investors.

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Hyundai, Kia must produce docs to class action, can’t get by with ‘sample set’
Class Actions 2024-09-02 2:18 pm By Sam Matthews

Hyundai and Kia have been ordered to produce further documents to allow a class action to investigate the nature and extent of alleged engine defects, with a judge rejecting the car makersā€™ bid to produce only a sample set of documents.

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APIC scores early win in fight over Yarra Valley Lodge managed investment scheme
Real Estate 2024-09-02 3:16 pm By Cindy Cameronne

The Australian Pacific Investment Corporation has scored a win a dispute with Vasco Trustees over a managed investment scheme at the Yarra Valley Lodge hotel, with a judge finding that ‘evergreen’ licensing agreements are invalid.Ā 

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Aristocrat gets another shot at Lightning Link patent after novel split High Court decision
Intellectual Property 2024-08-30 11:07 pm By Cindy Cameronne

A judge has allowed Aristocrat to appeal a judge’s rejection of its application to patent its Lightning Link poker machine, citing novel questions raised by an equally split High Court decision about the patentability of its invention.

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Flex commission class action pleadings ‘inappropriate and unhelpful’, says judge
Financial Services 2024-08-30 2:03 pm By Cindy Cameronne

A judge has criticised the pleadings in class actions against ANZ, Macquarie and Westpac over flexible commission schemes for car dealers, saying they were “inappropriate and unhelpful” in referring to documents in the banking royal commission.Ā 

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