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ASIC seeks recusal of former Freehills lawyer in costs spat with ex-Tennis Australia boss
Aaron Weinstock 2022-03-18 1:17 pm By Miklos Bolza Sydney

ASIC has asked a Federal Court registrar who previously worked at Herbert Smith Freehills to step down from overseeing remaining costs disputes in its failed case against former Tennis Australia president Steven Healy, who is represented by the Big Six firm.

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ACCC takes Facebook owner to court over scam celebrity cryptocurrency ads
ACCC 2022-03-18 11:45 am By Cat Fredenburgh Melbourne

The consumer regulator has initiated court proceedings alleging Facebook technology allowed scam cryptocurrency ads featuring celebrities to target susceptible users and that the social media giant failed to take adequate steps to remove them. 

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ASIC claims another scalp in ongoing BigUn investigation
Accounting 2022-03-17 5:50 pm By Sam Matthews Melbourne

A former auditor of collapsed video company BigUn has had his company auditor registration suspended for a year following an application by the corporate regulator over a conflict of interest. 

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Mayfair’s James Mawhinney wants reprieve from ASIC’s contempt case
Angel Aleksov 2022-03-17 4:14 pm By Cindy Cameronne Sydney

Mayfair 101 director James Mawhinney has sought a temporary stay of ASIC’s case accusing him of being in contempt of court for allegedly breaching a 20-year ban on selling financial products.

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ASIC’s penalty against Squirrel Super ‘might be a bit light on’, court says
ASIC 2022-03-15 3:15 pm By Sam Matthews Melbourne

A judge has questioned the $55,000 penalty jointly proposed by the parties in ASIC’s case against fintech company Squirrel Super over misleading statements about returns on property statements, saying it “might be a bit light on.”

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Facebook takes fight over Cambridge Analytica case to High Court
Australian Government Solicitor 2022-03-14 2:17 pm By Miklos Bolza Sydney

Facebook has filed an application with the High Court seeking to overturn a judgment that found it can be sued in Australia for alleged privacy violations over the Cambridge Analytica scandal.

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Mars keeps MM mark away from chocolate in trade mark settlement
Baker McKenzie 2022-03-14 11:08 am By Miklos Bolza Sydney

A judge has signed off on a settlement in a trade mark spat between M&M candy maker Mars and the world’s largest macadamia grower, Macquis Macadamias, under which Marquis will no longer seek to register its MM mark for chocolate bars.

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TerraCom can’t keep PwC report from ASIC investigators
Accounting 2022-03-11 10:14 pm By Christine Caulfield Melbourne

Mining company TerraCom has lost a case seeking to shield a report by PricewaterhouseCoopers from the Australian Securities and Investments Commission, which is investigating claims current and former executives falsified coal quality results.

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Flying Eureka Flag at construction sites banned under building code, court finds
ABCC 2022-03-11 9:24 pm By Miklos Bolza Sydney

A court has found that flying flags associated with the Eureka Rebellion or displaying material bearing union mottos and indicia at construction sites contravenes the Building Code.

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High Court to weigh in on patentability of computer-implemented inventions
Appeals 2022-03-10 11:53 pm By Cat Fredenburgh Melbourne

The High Court has decided to weigh in on whether computer-implemented inventions are eligible for patent protection, granting special leave to Aristocrat Technologies to challenge a judgment that shot down four patents for its popular Lightning Link electronic poker machine.

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