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Moreton wins appeal over R&D tax credits for failed coal gasification project
Australian coal miner Moreton Resources has won a Full Federal Court appeal over tax offsets it claims are owed over a failed pilot project testing underground coal gasification, a process which was ultimately banned in Queensland.
ACCC challenges court’s dismissal of ‘flushable’ wipes case
The Australian Competition and Consumer Commission has appealed a Federal Court judgment tossing its consumer case against Kimberly-Clark over "flushable" wipes.
Samsung Bioepsis sues to invalidate Humira biosimilar
Korean drug company Samsung Bioepis has filed a lawsuit seeking to invalidate German drug company Fresenius Kadi's patent for a biosimilar of blockbuster arthritis drug Humira.
Class action dropped against failed financial planner Navra Group
The applicants in a class action against Navra Group have dropped their case after group members settled their claims in a separate proceeding with the defunct financial planner's liquidators.
Ex-Norton Rose lawyer can appeal privilege ruling over partner communications in feud with firm
A terminated Norton Rose Fulbright partner has won a bid to challenge a ruling in his dispute with the law firm that denied him access to communications between partners on the grounds that the documents were privileged.
IOOF CFO slams disqualification case as ‘egregious’ example of impulsive enforcement
Lawyers for IOOF chief financial officer David Coulter have dismissed APRA’s allegations that he breached his superannuation duties as commercially “naïve”, “absolutely desperate” and a "most egregious example” of impulsive regulatory enforcement action.
Sportsbet loses application for ‘Same Game Multi’ trade mark
Sportsbet's application to register 'Same Game Multi' as a trade mark has been rejected, with the Registrar of Trade Marks relying on statements in the company's own market research that its betting product should "do exactly what it says on the tin" to find the mark insufficiently distinctive.
‘Stalinist’ APRA deterring ‘good people’ from super industry, ex-IOOF directors say
The former directors of troubled fund manager IOOF have slammed APRA for bringing a “truly hopeless” disqualification case against them, telling a court the prudential regulator’s “Stalinist” approach was deterring “good people and good companies” from participating in the superannuation industry.
ASIC puts banks on notice after review shows ‘extremely poor value’ of credit insurance
The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to be "extremely poor value for money", paying out as little as 11 cents per dollar spent in premiums on average.
Prosecutors to fight witness cross-examination at ANZ cartel committal hearing
Prosecutors will oppose a bid by ANZ, Citigroup, and Deutsche Bank to cross-examine witnesses at the upcoming committal hearing of the criminal cartel case over ANZ's botched $2.5 billion institutional share placement.