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CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
Competition & Consumer Protection 2021-07-07 6:24 pm By Miklos Bolza

A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.

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Binary options broker faces class action investigation
Class Actions 2021-07-07 6:11 pm By Cindy Cameronne

A Sydney-based broker is facing a class action investigation on behalf of customers who bought binary options over a six-year period, after the Australian Securities and Investments Commission banned the risky derivatives earlier this year after finding they were likely to cause “significant detriment”.

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Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
Financial Services 2021-07-07 4:51 pm By Cat Fredenburgh

The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.

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7-Eleven wins removal of Seven Network’s ‘7NOW’ trade mark
Intellectual Property 2021-07-07 1:36 pm By Cindy Cameronne

Convenience store chain 7-Eleven has succeeded in having Seven Network’s ‘7NOW’ trade mark removed for non-use, with an IP Australia delegate finding links to services on the media company’s website did not amount to use.

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Elit Lawyers co-founder Danielle Snell on starting a law firm in lockdown
Litigation Rising Stars 2021-07-06 10:39 pm By Christine Caulfield

For Elit Lawyers by McGirr & Snell partner and co-founder Danielle Snell, experiencing one of the strictest COVID-19 lockdowns in the world fundamentally changed the course of her career in litigation.

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HWL Ebsworth avoids hit from $263M Forum Finance scandal
Financial Services 2021-07-06 9:48 pm By Miklos Bolza

Law firm HWL Ebsworth says it has avoided any negative financial impact from its connection with Sydney financial firm Forum Finance, which has been accused by Westpac of a $263 million fraud.

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‘Buttermite’ deceptively similar to Vegemite trade mark, IP Australia delegate says
Intellectual Property 2021-07-06 9:28 pm By Bianca Hrovat

Vegemite maker Bega Cheese has won a challenge to an inventor’s bid to register ‘Buttermite’ as a trade mark for a breakfast spread.

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‘Cynical and cranky’ tweeter not a journalist, judge rules in defamation case
Defamation 2021-07-06 5:51 pm By Cindy Cameronne

A self-described “citizen journalist” who publishes “cynical and cranky” opinions about the Australian Stock Exchange on the Twitter account Stockswami cannot claim journalist privilege to protect his source, a judge has found.

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Former Arrium directors point finger at KPMG in class action defence
Class Actions 2021-07-06 2:00 pm By Miklos Bolza

Four executives of the failed Arrium have named auditor KPMG as a “concurrent wrongdoer” in defending a shareholder class action over a $754 million capital raising two years prior to the mining and steel giant’s $2 billion collapse.

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Insurer must cover breast implant doctor’s class action defence costs
Insurance 2021-07-06 1:29 pm By Christine Caulfield

A surgeon facing class action claims from breast implant patients of the defunct The Cosmetic Institute has won his legal battle against an insurer that denied coverage for his defence costs.

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