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Law firms accused of negligence fight Dover Financial’s bid to add lawyers to case
Financial Services 2021-11-04 4:11 pm By Cindy Cameronne

Three law firms and a consultancy are fighting a bid by defunct financial advisor Dover Financial to bring negligence claims against two lawyers over a so-called client protection policy found to be “an exercise in Orwellian doublespeak”.

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Ono Pharmaceutical faces grilling by Full Court in patent extension appeal
Intellectual Property 2021-11-04 9:20 pm By Miklos Bolza

Drug company Ono Pharmaceutical has faced tough questioning by an appeals court in a fight with IP Australia over a decision that secured it a patent extension for its cancer immunotherapy drug Opdivo.

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Facial recognition software company Clearview AI breached privacy laws, regulator finds
Privacy & Cybersecurity 2021-11-04 10:33 pm By Cat Fredenburgh

US-based facial recognition software company Clearview AI has been ordered to cease collecting facial images from individuals in Australia and destroy all the data it has collected within the country.

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E&P Financial to defend Dixon Advisory class action
Financial Services 2021-11-04 2:28 pm By Cat Fredenburgh

E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.

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Judge slams indictment in cartel case as ‘complete shemozzle’
Competition & Consumer Protection 2021-11-03 3:41 pm By Miklos Bolza

A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.

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JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
Competition & Consumer Protection 2021-11-03 9:23 pm By Miklos Bolza

JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.

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IVF provider Virtus’ confidentiality claims ‘border on ridiculous’, judge says
Competition & Consumer Protection 2021-11-03 9:02 pm By Cindy Cameronne

A judge has rejected part of IVF provider Virtus Health’s bid for redactions in a recent decision from the court temporarily blocking the company from purchasing rival Adora Fertility, saying some of the confidentiality claims were “staggering” and “border on ridiculous.”

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High Court upholds challenge to backpacker tax
Employment 2021-11-03 4:36 pm By Cat Fredenburgh

The High Court has found a 15 per cent ‘backpacker tax’ imposed on holders of Australian working holiday visas violates a double taxation agreement between Australia and the UK.

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Fees for no service class action must clarify ‘serious allegations’ against AMP
Class Actions 2021-11-02 4:27 pm By Cindy Cameronne

A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose information to shareholders about allegedly misleading ASIC and charging clients fees for no service.

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ASIC takes digital lender Ferratum to court for overcharging borrowers
Financial Services 2021-11-02 11:07 am By Bianca Hrovat

The Australian Securities and Investments Commission has accused Finnish microloan company Ferratum of overcharging vulnerable, low-income consumers during the height of the COVID-19 pandemic.

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