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Firm investigating Blue Sky class action wants insurance info lest case is ‘waste of time’
Class Actions 2021-09-30 9:17 pm By Miklos Bolza Sydney

A law firm representing a property developer in an investigation of a potential class action against failed asset manager Blue Sky Alternative Investments is seeking access to the firm’s insurance documents to decide whether it is “worthwhile” to launch proceedings.

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Nuix scolded by judge for defaulting on orders in former CEO’s case
Corporate 2021-09-16 5:28 pm By Christine Caulfield Melbourne

A judge overseeing a case brought by the former boss of Nuix has taken the embattled technology company to task for failing to comply with court orders that it file evidence by the end of last week.

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ACCC concerned JBS acquisition would give it too much pork on its fork
ACCC 2021-09-16 12:58 pm By Miklos Bolza Sydney

The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.

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EY nears settlement in negligence case over Coca-Cola Amatil sale of SPC
Accounting 2021-09-16 12:27 pm By Bianca Hrovat Sydney

EY has reached an in-principle settlement in a case brought by Melbourne-based joint venture Shepparton Partners Collective alleging the consulting giant was negligent, but the firm copped a dressing down from a judge on Thursday for asking him to keep its motion to toss the case on ice.

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ACCC signs off on BPAY, eftpos, New Payments Platform merger
Competition & Consumer Protection 2021-09-09 10:13 pm By Christine Caulfield Melbourne

The ACCC has given the OK to the proposed merger of BPAY, eftpos and the New Payments Platform, saying competition between the three payment system companies was marginal and that “strong competitors” would remain after the union.

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Ex-CEO to bring derivative lawsuit against Advanced Energy Minerals
Bennett + Co 2021-09-07 11:01 pm By Bianca Hrovat Sydney

The former CEO of Advanced Energy Minerals, which specialises in mining high purity alumina to be used in high-demand products like lithium-ion batteries and LED lights, is planning to file a derivative lawsuit accusing the company of oppressive conduct.

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ASIC issues notices to Nuix as part of investigation
Andrew O'Brien 2021-09-02 11:16 pm By Christine Caulfield Melbourne

The Australian Securities and Investments Commission issued notices Thursday to Nuix seeking documents in its investigation of the troubled tech company.

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Hall & Wilcox recruits insurance partner from Herbert Smith Freehills
Business of Law 2021-09-02 5:44 pm By Sam Matthews Melbourne

Hall & Wilcox has expanded its corporate insurance, commercial and regulatory offering with the appointment of new partner Philip Hopley, formerly of Herbert Smith Freehills.

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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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EY asks court to toss negligence case over Coca-Cola Amatil’s SPC sale
Accounting 2021-08-31 10:55 pm By Christine Caulfield Melbourne

Consulting giant EY wants a court to dismiss a case brought by a joint venture alleging negligence in due diligence reports of Coca-Cola Amatil’s $40 million sale of fruit processing business SPC.

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