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Nine wants subpoenas thrown out in Ben Roberts-Smith defamation case
Defamation 2021-07-21 3:40 pm By Cindy Cameronne

Media company Nine, which is facing defamation claims from Ben Roberts-Smith over articles accusing him of war crimes, has asked the court to set aside two subpoenas from the decorated veteran related to a woman who has accused him of domestic violence, arguing the subpoenas act as a substitute for discovery.

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Westpac wants to block Forum Finance director from leaving Australia
Financial Services 2021-07-20 3:49 pm By Christine Caulfield

With $254 million at stake, Westpac wants a court order blocking the business partner of Forum Group founder Bill Papas from leaving Australia, as Papas remains in Greece while fraud allegations swirl.

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Thorn Group latest lender caught up in alleged Forum Finance fraud
Financial Services 2021-07-19 10:15 pm By Christine Caulfield

Thorn Group is the latest lender ensnared in an alleged $400 million fraud by Forum Finance, with potential funds of up to $2.2 million tied up in the collapsed equipment leasing firm.

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Ben Roberts-Smith trial to resume with evidence from four Afghan witnesses
Defamation 2021-07-19 4:07 pm By Cindy Cameronne

Four witnesses who allegedly saw Ben Roberts-Smith kick a handcuffed man off a cliff in Afghanistan will give evidence next week in the war veteran’s defamation trial, which has been disrupted by COVID-19 restrictions in NSW.

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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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IP Australia accuses judge of ‘impermissible gloss’ on patent term extension law
Appeals 2021-07-15 5:29 pm By Cindy Cameronne

IP Australia has appealed a ruling granting drug company Ono Pharmaceutical a patent extension for a cancer immunotherapy drug, calling it an “impermissible gloss” on the Patents Act that is at odds with the law’s purpose.

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Trial in Ben Roberts-Smith case may move from Sydney as COVID-19 lockdown drags on
Trials 2021-07-14 10:11 pm By Cindy Cameronne

Trial in the defamation case by war veteran Ben Roberts-Smith against Nine may face additional delays or be transferred out of Sydney after the NSW Government extended the city’s COVID-19 restrictions by two weeks.

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In third bank action brought over Forum Finance scandal, SMBC seeks $99M 
Financial Services 2021-07-14 6:34 pm By Miklos Bolza

Japanese bankng giant SMBC has emerged as the latest lender with exposure to an alleged fraud carried out by Sydney-based Forum Finance, with proceedings filed seeking recovery of almost $99 million it says it paid to a unit of Forum Group and controversial director Bill Papas.

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Banks can’t suppress judgment on defective indictment in ANZ cartel case
Competition & Consumer Protection 2021-07-12 1:05 pm By Christine Caulfield

Investment banks accused in the criminal cartel case over a $2.5 billion ANZ share placement will not lose their right to a fair trial with the release of a judgment finding the prosecutors’ indictment deficient, a judge has ruled.

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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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