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‘Bad publicity’ no reason to stay ASIC ban of ex-NAB adviser, tribunal says
Financial Services 2020-01-29 4:27 pm By Miklos Bolza

A former Adelaide financial advisor that worked for a subsidiary of National Australia Bank has lost his bid for a temporary stay of a five-year ban for allegedly recommending that clients invest in failed fintech start-up Bux Global, after arguing the bad publicity could negatively affect the impending sale of his business.

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CFMEU hit with lawsuit for taking action over DP World automation
Employment 2020-01-29 3:03 pm By Miklos Bolza

The CFMEU is facing a lawsuit by four units of DP World Australia Group after refusing to accept the terms of four proposed enterprise agreements unless the stevedoring giant guaranteed it would not automate its terminals.

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Facebook, Instagram to be barred from locking out users of Aussie social media startup
Competition & Consumer Protection 2020-01-29 2:20 pm By Christine Caulfield

A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.

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ISignthis may face shareholder class action over profit downgrade
Class Actions 2020-01-29 1:10 pm By Cat Fredenburgh

Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.

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Top NRL player agent Sam Ayoub wins case against protege who poached 18 players
Employment 2020-01-28 10:38 pm By Christine Caulfield

Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.

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Thiel partner in Gawker takedown seeks $2M in new lawsuit
Financial Services 2020-01-28 10:21 pm By Cat Fredenburgh

An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.

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Sydney financial advisor hit with $14.5M class action by Chinese investors
Class Actions 2020-01-28 4:11 pm By Miklos Bolza

A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.

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Judge hits Geowash with $4.2M penalty for unconscionable conduct against franchisees
Competition & Consumer Protection 2020-01-24 3:31 pm By Christine Caulfield

Car wash franchisor Geowash has been ordered to pay $4.2 million in penalties for overcharging franchisees to set up outlets and misleading them about how much revenue they could earn.

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Quinn Emanuel lures IP heavyweight from Allens
People In The News 2020-01-24 1:30 pm By Cat Fredenburgh

US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.

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STA Travel makes admissions in ACCC case over hidden fees
Competition & Consumer Protection 2020-01-23 10:18 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission’s case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.

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