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Forum Finance liquidators win court ok to sell $1.2M luxury yacht
Allens 2021-09-03 9:57 pm By Miklos Bolza Sydney

Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.

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ACCC must pay costs of NSW as ‘necessary and proper party’ in ports case
ACCC 2021-09-02 3:03 pm By Miklos Bolza Sydney

A judge has ordered the ACCC to pay the State of NSW’s costs in its failed proceeding against NSW Ports, finding that even though the consumer watchdog did not initially sue the state government that it was a “necessary and proper” party to the case.

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Ex-Deutsche Bank exec looks to knock out cartel charges
ACCC 2021-09-01 11:07 pm By Cat Fredenburgh Melbourne

A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.

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ASIC to hand over examination transcript in Westpac insider trading case
Allens 2021-09-01 5:19 pm By Miklos Bolza Sydney

ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.

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Commissioner of Patents challenges landmark ruling on artificial intelligence
Allens 2021-08-30 1:47 pm By Cat Fredenburgh Melbourne

The Commissioner of Patents has appealed a landmark judgment that found artificial intelligence can be named an inventor on a patent application.

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Firms get creative to help locked-down lawyers stay connected
Allens 2021-08-27 11:34 pm By Bianca Hrovat Sydney

With the Delta variant of the coronavirus thrusting Australia’s largest cities back into a protracted lockdown, lawyers forced to return to remote work for the forseeable future are lamenting the renewed loss of colleague and client connections.

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‘Very concerned’ judge reopens Hells Angels’ trade mark case against Redbubble
Allens 2021-08-25 1:30 pm By Bianca Hrovat Sydney

A judge has reopened the trial in Hells Angels’ trade mark case against Melbourne-based retailer Redbubble to hear allegations by the bikie gang that the online marketplace was still selling infringing products after the July hearing wrapped up.

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Insurers want to stay COVID-19 insurance class actions
Allens 2021-08-24 4:26 pm By Bianca Hrovat Sydney

Insurers Lloyds Australia and QBE want class actions by policyholders who were denied business interruption coverage for COVID-related shutdowns stayed until a related test case in the Federal Court is decided.

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Westpac cops $10M fine in personal advice case, but doesn’t say sorry
Allens 2021-08-23 4:16 pm By Cindy Cameronne Sydney

Two Westpac units have been hit with $10.5 million in fines for providing personal financial advice during a superannuation rollover campaign, with a barrister for ASIC noting the bank had not apologised or expressed regret for the conduct.

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Cytec prevails again in challenge to Nalco mining patent
Allens 2021-08-19 3:34 pm By Miklos Bolza Sydney

US-based chemical and materials technology company Cytec Industries has won its Federal Court challenge to a mining patent application by a unit of Ecolab, with the court finding the claims in the patent lacked support and sufficient disclosure.

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