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Dick Smith execs ask High Court to toss case over final dividend
High Court 2022-09-29 10:33 pm By Cat Fredenburgh

Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for approving a dividend payment the company could not afford.

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Ex-Blue Star Helium CEO appeals banning order to High Court
Energy & Natural Resources 2022-09-26 3:03 pm By Cat Fredenburgh

The former CEO of Blue Star Helium has asked the High Court to throw out a $40,000 penalty and four-year ban imposed on him after the company failed to disclose to shareholders the identity of the buyer behind a botched sale of Texas oil assets.

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Mylan appeals ATO’s rejection of $48M deduction in spat over $1.2B Alphapharm deal
Tax 2022-09-19 2:04 pm By Cat Fredenburgh

The Australian unit of Mylan is challenging the ATO’s rejection of a $48 million deduction  for 2020 in the generic drug company’s latest spat with the tax office over interest on loans to fund its $1.2 billion acquisition of generic drug maker Alphapharm.

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Dye & Durham wins ACCC blessing for $2.9B Link acquisition
Corporate 2022-09-08 11:20 pm By Christine Caulfield

Software company Dye & Durham has secured the approval of the competition regulator for its proposed acquisition of technology services provider Link Group under the condition it sell its Australian business.

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In loss for TerraCom, Full Court finds ASIC can view PwC report
Appeals 2022-09-07 12:57 pm By Sam Matthews

Coal mining firm TerraCom has lost its Full Court bid to shield a PricewaterhouseCoopers report from ASIC, on appeal from a judgment which found the regulator could view the report because of public statements made by the company.

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Moore Stephens ex-partner barred from bringing all but one claim against former colleague
Corporate 2022-08-31 11:28 pm By Sam Matthews

A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.

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Dick Smith directors owe $11.8M in damages after receivers win appeal
Restructuring & Insolvency 2022-08-29 1:38 pm By Cindy Cameronne

An appeals court has found that two former executives of collapsed electronics retailer Dick Smith should pay the company’s receivers $11.8 million in damages for approving a dividend payment the company could not afford.

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Pitcher Partners gave bad advice on $2.5M Zap Fitness share buy-back: suit
Accounting 2022-08-29 11:29 pm By Cindy Cameronne

The former owner of fitness franchise Zap Fitness has sued accounting firm Pitcher Partners, claiming it failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.

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Australia’s IPH continues growth with acquisition of Canada’s Smart & Biggar
Intellectual Property 2022-08-25 11:51 pm By Christine Caulfield

Australian intellectual property firm IPH has acquired Canada-based Smart & Biggar, positioning both firms to offer clients global IP services.

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ASIC warns it will take action against greenwashing
ASIC 2022-08-22 12:44 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has made cracking down on greenwashing one of its top enforcement priorities, as environmental, social and governance proposals by activist shareholders hit record levels.

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