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ATO’s assessments for Mylan’s $1.4B Alphapharm acquisition ‘excessive’, court rules
Tax 2024-03-21 5:08 pm By Cindy Cameronne

The Australian unit of drug giant Mylan has triumphed in a dispute with Australian Taxation Office, with a judge finding the ATO’s assessment for 2020 was “excessive” with respect to interest on loans to fund Mylan’s $1.2 billion acquisition of generic drug maker Alphapharm.

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Credibility of Lehrmann, Higgins central to judge’s looming ruling in defamation case
Defamation 2024-03-20 11:28 pm By Christine Caulfield

Did Bruce Lehrmann rape colleague Brittany Higgins in Parliament House in 2019? That is the primary question in the case to be decided by the Federal Court early next month, and the credibility of the two principal protagonists is central to answering that question.

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Judge worries Apple misused court submissions to ‘pressure’ Epic Games overseas
Trials 2024-03-20 9:30 pm By Cindy Cameronne

A judge overseeing a landmark competition case against Apple and Google has questioned whether Apple’s US lawyers wrongly used court submissions in Australia to put pressure on Epic Games in Europe and justify temporarily removing its developer account. 

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Google offered Epic Games $200M to avoid competition with Play Store, court told
Neil Young 2024-03-20 9:58 pm By Cindy Cameronne

Google offered Fortnite creator Epic Games $200 million and proposed to acquire equity in the company to prevent it from opening its own app store with exclusive content that could compete with the search giant’s Play Store, a court has heard.

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Nature’s Care founders can’t suppress all docs in fight with ATO
Tax 2024-03-20 10:11 pm By Sam Matthews

A judge has rejected sweeping suppression orders sought by the founders of vitamin giant Nature’s Care over documents in a $200 million tax debt stoush with the Deputy Commissioner of Taxation, instead making limited suppression orders in light of the “serious” allegations made in the case. 

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Aussie Broadband challenges Superloop sell order amid takeover fight
Telecommunications 2024-03-20 4:19 pm By Sam Matthews

Aussie Broadband is seeking to set aside a notice from the board of internet service provider Superloop directing it to sell down its 19.9 shareholding in the company, arguing the sell order was made for an improper purpose amid a “contested takeover battle” between the companies. 

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WA biotech hit with $1.8M penalty for misleading market during pandemic
ASIC 2024-03-20 3:49 pm By Sam Matthews

A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales of its natural sanitiser product during the height of the COVID-19 pandemic, and hit its CEO with a four-year ban. 

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Google chokes Play Store competition with technical restraints, Fortnite maker tells court
Trials 2024-03-19 11:22 pm By Cindy Cameronne

Google is nearing “monopoly levels” with its exploitation of the Android brand to prevent other app stores from competing with its Play Store, the maker of the Fortnite video game has said in a landmark competition trial.

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Liquidators may have $43M in claims against Blockchain exec, judge says
Cryptocurrency 2024-03-19 2:07 pm By Sam Matthews

A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him. 

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McCullough Robertson dodges indemnity costs in spat with client over $237,000 bill
Business of Law 2024-03-19 2:48 pm By Sam Matthews

McCullough Robertson has avoided a client’s bid for indemnity costs despite a judge’s finding the law firm waited an “inordinate” amount of time to withdraw a statutory demand for payment of a $237,000 legal bill. 

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