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Lawyers will try to serve missing Big Un founder on LinkedIn
ASIC 2022-05-03 5:16 pm By Sam Matthews

A judge has given the liquidators of Big Un the go-ahead to serve the director of the collapsed video company through his LinkedIn account after several unsuccessful attempts to contact him about proceedings accusing him and others of violating their directors’ duties.

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Arasor class action applicant can’t dodge funder’s legal bill after ‘shambolic’ handling of side dispute
Class Actions 2021-08-16 12:34 pm By Cat Fredenburgh

The lead applicant in a settled shareholder class action against technology company Arasor can’t dodge funder International Litigation Partners’ costs, which it was ordered to pay after a judge rejected its “shambolic” attempts to be heard over a $1.2 million personal expenses dispute with the funder.

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Westpac confirmed as largest Forum creditor, as administrators near sale of unit
Restructuring & Insolvency 2021-07-21 11:17 pm By Christine Caulfield

Administrators have lined up a buyer for a Forum Group entity, as a first creditors meeting confirms Westpac has the largest claim to any recoveries after an alleged $400 million fraud by the equipment leasing company.

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Forum Group director stuck overseas after testing positive for COVID-19, court hears
Financial Services 2021-07-15 10:01 pm By Miklos Bolza

The director of the Forum Group companies accused of a $360 million fraud involving at least three major banks can’t return to Australia from Greece because he has COVID-19, his lawyer has told the Federal Court.

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Forum Finance placed in liquidation, with ‘peripatetic’ director still abroad
Financial Services 2021-07-09 3:15 pm By Miklos Bolza

The Federal Court has ordered the winding up of Forum Finance, which has been accused by Westpac and French investment bank Societe Generale of a $263 million fraud, as details of the company’s jetsetting director’s planned return to Australia from Europe remain murky.

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Liquidators of S&P class action plaintiff win strikeout bid in spat over funder’s agreements
Class Actions 2021-06-08 4:24 pm By Christine Caulfield

A judge has gutted a defence and counterclaim filed by the biggest unitholder in investment fund Vale in a battle with a litigation funder and liquidators over agreements to join two class actions against S&P Capital, a fight that threatened to hold up one of the class actions.

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Injunction granted in branch stacking case against Labor MP
Policy and Regulation 2021-03-19 4:30 pm By Cat Fredenburgh

Victorian Labor MP Marlene Kairouz has won an injunction temporarily blocking the Labor Party from bringing branch stacking charges against her.

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In law firm trade mark battle, reputation in Melbourne merger work is key, court told
Intellectual Property 2021-02-19 2:37 pm By Spencer Fowler Steen

Two law firms locked in a courtroom battle over their ‘C’ trade marks made up of concentric circles will move to mediation after one of the firms files “significantly more” evidence about their reputation in Melbourne, a court has heard.

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Court shoots down Prime Trust liquidators’ bid for global proof of debt to compensate unitholders
Restructuring & Insolvency 2021-02-18 2:21 pm By Miklos Bolza

The liquidators of retirement village group Australian Property Custodian Holdings, which went into administration in 2010 owing $948 million, have had their proposal to compensate unitholders under a global proof of debt rejected by a judge, who called the plan vague and “unsatisfactory”.

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Labor party slammed for ‘draconian’ laws in Victorian MP’s branch stacking case
Policy and Regulation 2021-02-17 6:16 pm By Miklos Bolza

A Victorian Labor MP accused of branch stacking has attacked the charges against her as invalid, telling the Victoria Supreme Court that they were brought under “shocking” and “draconian” party rules implemented in the wake of a controversial report on Nine’s 60 Minutes.

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