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Van Eyk Research ex-CEO pleads guilty to dishonesty
White Collar 2022-05-31 9:12 pm By Cindy Cameronne

A former CEO of defunct investment research firm van Eyk has admitted to breaching his duties by using his position as director of a subsidiary to dishonestly retain control of the company.

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Roof tiling companies to cop penalty in ACCC cartel case
Competition & Consumer Protection 2022-05-31 9:20 pm By Cat Fredenburgh

Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.

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ACCC swipes at Mastercard for alleged interchange rate agreement with retailers
Competition & Consumer Protection 2022-05-30 1:18 pm By Cat Fredenburgh

The ACCC has taken Mastercard to court for allegedly misusing its market power by giving major retailers discounted interchange rates in exchange for them agreeing to process their debit card transactions through Mastercard instead of the cheaper eftpos network.

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ANZ wrongly slapped customers with cash advance fees, ASIC claims
Financial Services 2022-05-30 11:17 am By Cat Fredenburgh

The Australia and New Zealand Banking Group hit hundreds of thousands of customers with cash advance fees after providing them with incorrect account balances, and the Big Four bank has still not rectified the problem, ASIC alleges in new civil penalty proceedings.

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Seeley challenge to ‘natural cool air’ trade mark gets chilly reception
Intellectual Property 2022-05-27 3:59 pm By Sam Matthews

Air-conditioning giant Seeley is appealing a decision by IP Australia shooting down its bid to block a father-son team from registering their ā€˜Natural Cool Airā€™ trade mark.

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Dover Financial, ex-director mull lawsuit against ASIC
Financial Services 2022-05-26 9:33 pm By Cindy Cameronne

Defunct financial advisory firm Dover Financial and its former director have taken ASIC to court seeking discovery as they mull a potential lawsuit against the corporate regulator.

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ASIC cancels licence of Mayfair-linked Quattro Capital
Financial Services 2022-05-26 1:40 pm By Sam Matthews

The Australian Securities and Investments Commission has cancelled the Australian financial services license of Quattro Capital, which counted two Mayfair 101 entities among its corporate authorised representatives.

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Forex Capital liquidators win ā€˜urgentā€™ order for $69.5M distribution to customers
Restructuring & Insolvency 2022-05-24 5:42 pm By Cindy Cameronne

Forex Capital Trading liquidators have won an ā€œurgentā€ bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as ā€œlittle more than gamblingā€.

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Full clinical trial not needed for Parkinson’s drug patent, IP Australia says
Intellectual Property 2022-05-24 12:32 pm By Sam Matthews

An IP Australia delegate has rejected German drug maker Ever Neuro Pharma’s claim that extensive experimental evidence was needed to prove the usefulness of a Parkinson’s drug developed by UK-based Britannia Pharmaceuticals.

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Shine Lawyers wins battle to run $463M Dixon Advisory class action
Class Actions 2022-05-19 4:24 pm By Sam Matthews

Shine Lawyers has beaten out class action rival Piper Alderman in a battle to lead a class action worth up to $463 million against collapsed wealth managers Dixon Advisory, with a judge finding the firm’s no win, no fee model was likely to result in a greater return to group members.

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