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‘Curious choice’ to sue PwC and not Baker McKenzie, judge says
Accounting 2021-09-13 2:00 pm By Bianca Hrovat Sydney

Chinese lender Aoyin must pay PricewaterhouseCoopers’ legal costs for a vacated trial after Aoyin’s eleventh hour decision to join Baker McKenzie to a $10 million cross-claim in a dispute concerning the accounting firm’s advice on its failed bid to launch the first Chinese incorporated bank in Australia.

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ACCC to probe Apple Pay restrictions on banks
ACCC 2021-09-13 2:26 pm By Bianca Hrovat Sydney

The Australian Competition and Consumer Commission is investigating competition concerns about Apple’s refusal to allow third party access to the near-field communication chip that allows iPhone users to make ‘tap and go’ payments through Apple Pay.

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ACCC says Qantas, Japan Airlines alliance could cause prices to soar
ACCC 2021-09-13 5:06 pm By Bianca Hrovat Sydney

A proposed alliance between Qantas and Japan Airlines has failed to take flight after the Australian Competition and Consumer Commission said the coordination of flights between Australia, New Zealand and Japan could cause ticket prices to soar.

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Halifax investors file Full Court appeal to boost recovery
Alec Leopold 2021-09-13 1:50 pm By Christine Caulfield Sydney

Approximately 1,000 investors of collapsed stockbroker Halifax Investment Services have challenged a court decision concerning the date of the realisation of their investments which decreased the amounts they could recoup from the company’s liquidation.

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PwC partner kept on JBS brief to maintain privilege despite CFO’s unhappiness
Accounting 2021-09-10 9:16 pm By Cindy Cameronne Sydney

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a “cloak of legal privilege” kept a supporting role on the brief despite the company CFO’s dissatisfaction, a court has heard.

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Merck Sharp & Dohme appeals judgment tossing Januvia patent extension
Appeals 2021-09-10 6:04 pm By Miklos Bolza Sydney

Merck Sharp & Dohme is seeking to overturn a judgment refusing an extension of a patent covering its Januvia and Janumet diabetes drugs that would have seen the US drug maker of retaining a monopoly over the multibillion dollar medicines beyond July 2022.

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PwC partner at centre of ATO privilege spat earned less than non-lawyer assistants, court hears
Accounting 2021-09-09 6:49 pm By Miklos Bolza Sydney

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a “cloak of legal privilege” earned hundreds of dollars less per hour than his non-lawyer assistants, a court has heard.

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Blue Sky privilege battle should be fought in class action, judge says
Class Actions 2021-09-09 4:26 pm By Cat Fredenburgh Melbourne

A dispute over redactions in books and records produced by defunct fund manager Blue Sky to a prospective class action applicant should be hashed out within the class action, a judge has found.

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AMP looks to shield chats with ex-DST director in poaching dispute
AMP 2021-09-09 6:24 pm By Cindy Cameronne Sydney

Software company DST Bluedoor is fighting to access communications between its former founding director and AMP in a $35.5 million legal stoush alleging the financial services firm induced 11 employees to jump ship after licensing its online platform.

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PwC client says ATO’s privilege case ‘nightmare to the rule of law’
Accounting 2021-09-08 9:06 pm By Cindy Cameronne Sydney

Meat processing company and former PricewaterhouseCoopers client JBS has slammed as a “nightmare to the rule of law” a claim by the Commissioner of Taxation that the accounting giant’s internal protocols destroyed the company’s lawyer-client relationship.

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