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Block’s mobile payment method not patentable, says IP Australia
FB Rice 2023-05-16 12:14 pm By Sam Matthews Melbourne

IP Australia has rejected an application by US technology company Block to patent a mobile payment method, saying it does not describe a manner of manufacture — the threshold requirement tripping up many claimed computer-implemented inventions.

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PwC appoints Ziggy Switkowski to investigate tax leaks scandal
Accounting 2023-05-15 11:01 pm By Cat Fredenburgh

PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.

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NextEra sues Spain in Australia to enforce $472M arbitration award
Arbitration 2023-05-15 4:12 pm By Cindy Cameronne Sydney

A Dutch renewable energy company has brought proceedings in the Federal Court to enforce a $472 million arbitration award against Spain over changes to its energy policies, after the country lost a similar case in the High Court. 

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More law firms ready class actions over Downer’s $40M earnings overstatement
Class Actions 2023-05-15 3:49 pm By Christine Caulfield

More class action law firms have pounced on Downer EDI’s “accounting irregularities” that led to the company overstating profits by up to $40 million.

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Directed Electronics wins $3.27M in Hanhwa trade secrets case, with damages still to come
Contracts 2023-05-15 2:09 pm By Sam Matthews

Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.

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Are the courts really plagued by duplicative class actions?
Analysis 2023-05-15 12:39 pm By Christine Caulfield

A fed-up judge has vented his frustration with the problem of competing class actions in a move that appears to punish the second filed case against Medibank. But is he right that the courts are increasingly being asked to deal with duplicative proceedings? And was his order really all that drastic?

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PFAS class action settles for $132.7M on eve of trial
Catherine Gleeson 2023-05-15 10:44 am By Cindy Cameronne Sydney

One of the two remaining class actions against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country has settled for $132.7 million on the eve of trial, with the final case going back to mediation.

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Australian Mines ex-director hit with $70,000 penalty for conference representations
ASIC 2023-05-12 11:57 pm By Cat Fredenburgh

A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.

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Opal Tower class action funder’s appeal of cuts to commission falls flat
Appeals 2023-05-12 11:13 pm By Cat Fredenburgh

An appeals court has shot down funder Augusta’s challenge to a decision that cut its commission in the Opal Tower class action, putting funders on notice that they will have to marshal compelling evidence to win approval for their returns from an increasingly watchful court.

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Google says competition class action claims ‘make no sense’
Allens 2023-05-12 9:14 pm By Sam Matthews Melbourne

Google has denied class action that it distorted competition in the app marketplace and left consumers paying higher prices, pointing out in its defence there are alternative app stores on its Android platform.

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