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Cotton On lashes out at infringement claims, says copying rife in fashion industry
Intellectual Property 2021-12-21 4:08 pm By Bianca Hrovat

Retail giant Cotton On has hit back at allegations of copyright infringement, highlighting the prevalence of copying in the fashion industry.

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Nimble Money beats back shareholder bid to peek at books
Financial Services 2021-12-21 5:43 pm By Bianca Hrovat

Payday lender Nimble has succeeded in blocking its largest shareholder from accessing company documents relating to an impending debt refinance, with a judge finding the company’s financial woes were due to COVID-19 and not improper conduct by management.

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Judge ‘taken aback’ by Maddocks’ settlement stance in $30M negligence case
Professional Negligence 2021-12-20 6:25 pm By Bianca Hrovat

Law firm Maddocks has been ordered to pay more than $1.4 million in indemnity costs for “throwing good money after bad” in failing to consider a settlement offer in a negligence lawsuit over a client’s botched deal with Woolworths. 

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Judge criticises ASIC for treating orders in Westpac case like ‘traffic lights in Naples’
Financial Services 2021-12-20 1:48 pm By Bianca Hrovat

A judge has criticised the Australian Securities and Investments Commission for treating timetabling orders in its insider trading case against Westpac over a $16 billion interest rate swap as though they were “traffic lights in Naples”.

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Forum liquidators sue to wind up entity that got $2.6M in Bill Papas ‘loans’
Restructuring & Insolvency 2021-12-20 11:24 am By Miklos Bolza

Forum Group’s liquidators are seeking to wind up an entity owned by founder Bill Papas that received over $2.6 in “loans” from the alleged fraudster, as they work to recoup almost $400 million allegedly defrauded from three banks.

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SingTel loses transfer pricing dispute with ATO over $14.2B Optus acquisition
Tax 2021-12-20 10:13 pm By Miklos Bolza

Singapore telecommunications giant SingTel cannot claim over $894 million in tax deductible “transfer pricing benefits” for interest paid by a cross-border subsidiary on a loan for the $14.2 billion acquisition of Optus, the Federal Court has ruled.

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Ralan boss to face public grilling by construction group’s liquidators
Restructuring & Insolvency 2021-12-20 2:31 pm By Miklos Bolza

The founder of construction giant Ralan Group will face public examination in the Federal Court as liquidators continue their investigations into the company’s $561 million collapse.

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Full Court to hear Dutton defamation case over ‘rape apologist’ tweet
Appeals 2021-12-20 2:39 pm By Cat Fredenburgh

Refugee activist Shane Bazzi has appealed a defamation judgment ordering him to pay $35,000 in damages to Peter Dutton over a tweet which accused the defence minister of being a rape apologist.

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Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
Class Actions 2021-12-17 6:02 pm By Miklos Bolza

General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker’s “speculative” argument that it would be prejudiced by further lawsuits after the class action was finalised.

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Careers Australia directors face insolvent trading case over $40M dividend
Restructuring & Insolvency 2021-12-17 7:03 pm By Cindy Cameronne

The liquidator of collapsed vocational education provider Careers Australia has filed a lawsuit against the company’s former directors, including founding CEO of Optus Robert Mansfield, seeking damages for alleged insolvent trading and breach of directors’ duties over a $40 million dividend the company allegedly could not afford.

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