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GetSwift boss still can’t be found, court hears in lawsuit brought by co-founder
Financial Services 2023-07-04 2:23 am By Sam Matthews Melbourne

GetSwift director Joel Macdonald still has not been served almost a year after his former Melbourne Demons teammate James Strauss filed a $15 million lawsuit against him, with a judge adjourning yet another substituted service application.

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Lawyers for TPG-backed Anew Climate taken to task for writ failure
Energy & Natural Resources 2023-06-29 9:53 pm By Sam Matthews Melbourne

A judge has rejected TPG-owned Anew Climate’s bid for default judgment against an Australian company that allegedly impersonated a US carbon offset developer in order to unlawfully receive payments under a $1 billion deal, saying “it’s not hard” to make the application under the correct rule.

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Greensill UK wins halt to cross-claims in cases over $1.7B collapse
Clyde & Co. 2023-06-29 4:26 pm By Sam Matthews Melbourne

Greensill Capital’s UK division has won a stay of several lawsuits over the supply chain financing firm’s $1.7 billion collapse, but an insurer has already flagged a bid to press on with its claims against the company.

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ASIC’s power to order fines for Credit Code violations won’t face challenge
ASIC 2023-06-27 11:54 pm By Cindy Cameronne Sydney

Queensland lender SunshineLoans has lost its second bid for the Full Court to decide whether ASIC has the power to bring civil penalty proceedings for violations of the Credit Code, with a judge finding its arguments were not strong enough to vacate an upcoming trial.

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Nine can rely on reputation evidence in Euro Pacific CEO’s case
Dauid Sibtain 2023-06-27 4:35 pm By Cindy Cameronne Sydney

Nine has partially won its bid to include evidence about the reputation of Euro Pacific CEO Peter Schiff in an attempt to minimise the damages it will owe after abandoning its substantive defences in defamation proceedings by the bank boss.

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CBA hires Clayton Utz partner to lead in-house legal team
Business of Law 2023-06-27 3:06 pm By Gareth Baker Sydney

Commonwealth Bank of Australia has recruited Clayton Utz partner and executive chair Karen O’Flynn to replace the outgoing Carmel Mulhern as the bank’s group general counsel.

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Last chance for class action against NAB to ‘get house in order’, judge warns
Allens 2023-06-21 11:17 pm By Christine Caulfield Melbourne

A judge has admonished a class action applicant over continuing delays in a four-year-old class action against NAB which he said “should not be allowed to languish any longer”.

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$29M settlement in Westpac class action gets green light
Allens 2023-06-21 12:29 pm By Cindy Cameronne Sydney

A judge has approved a $29 million settlement in a class action against Westpac over ‘junk’ consumer credit insurance, a deal that earns the bank’s customers at least $19.6 million. 

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NAB among clients affected by HWL Ebsworth cyberattack
Business of Law 2023-06-19 11:08 pm By Cat Fredenburgh

National Australia Bank has been revealed as one of HWL Ebsworth’s clients whose information was compromised when the law firm was hacked by a Russian-linked group.

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Nine seeks to rely on evidence of Euro Pacific Bank chief’s reputation to reduce defamation damages
Dauid Sibtain 2023-06-19 10:29 pm By Sam Matthews Melbourne

Nine is battling to adduce evidence concerning the reputation of Euro Pacific CEO Peter Schiff, as it scrambles to minimise the damages it will owe after abandoning its substantive defences in defamation proceedings by the bank boss.

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