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BCC loses appeal over $8M trade credit policy to Phoenix financier
Anne Horvath 2023-02-21 1:00 pm By Cindy Cameronne Sydney

Insurer Bond & Credit Company has lost its appeal of a decision ordering it to indemnify an Australian non-bank lender that provided $8 million in trade finance to companies in Phoenix Group shortly before its collapse.

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King & Wood Mallesons drops Ye in case against College Dropout Burgers
Competition & Consumer Protection 2023-02-20 11:29 pm By Christine Caulfield

Big Six firm King & Wood Mallesons has withdrawn its representation of US rapper Ye in his case against a small Melbourne restaurant after the artist reportedly failed to instruct his lawyers.

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Pitcher Partners can’t toss claims in $127M fight with Twigg family
Accounting 2023-02-20 10:57 pm By Sam Matthews Melbourne

Accounting firm Pitcher Partners has lost an application to dismiss a $127 million lawsuit by the family of race car driver Max Twigg as an abuse of process, with a judge rejecting its claim that the proceedings were deliberately delayed.

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Judge won’t stay crypto class action against Qoin issuer
Andrew Crowe 2023-02-20 8:27 pm By Cat Fredenburgh

A judge has declined to stay a class action against BPS Financial, the issuer of cryptocurrency Qoin, in light of similar ASIC proceedings.

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Advanta Seeds wins more time to renew patent after law firm slip-up
Agriculture 2023-02-20 3:51 pm By Sam Matthews Melbourne

Agricultural giant Nufarm has lost its appeal of a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid plant cell, after an error by its lawyers caused the renewal to fall through the cracks.

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Broker guilty of managing lender Financial Circle while disqualified
ASIC 2023-02-20 3:08 pm By Sam Matthews Melbourne

Melbourne man Joshua Fuoco has been fined $6,000 and convicted for managing the now defunct consumer lender Financial Circle while disqualified.

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Ampol to pay $157M to settle transfer pricing dispute with ATO
ATO 2023-02-20 2:40 pm By Cat Fredenburgh

Petrol giant Ampol has reached a $157 million agreement with the Australian Taxation Office to resolve a long-running dispute over transfer pricing of goods between its Singaporean hub and Australian unit.

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Uber loses bid to pare back taxi driver class action
Amy Campbell 2023-02-20 10:34 am By Sam Matthews Melbourne

A judge has dismissed Uber’s application to trim down a class action brought by taxi and hire car drivers in four states over the introduction of UberX, finding that cutting claims related to the hire care driver group would cause “real prejudice”.

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ACCC accuses Swift Networks of fixing prices for internet at Rio Tinto mines
Competition & Consumer Protection 2023-02-17 11:47 pm By Christine Caulfield

Technology company Swift Networks has been taken to court for alleged bid rigging and price fixing in the tender process for IT and communications equipment supply to five Rio Tinto and Fortescue Metals mining sites in WA’s Pilbara region.

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High Court to hear appeal over liability for developer’s source code theft
Appeals 2023-02-17 11:29 pm By Cat Fredenburgh

The High Court will hear an appeal over whether real estate agent Biggin & Scott should be held liable for copyright infringement for its supposed “indifference” to the copying of real estate marketing platform Campaigntrack’s source code by a developer.

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