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Full Court parks opposition to patent for detecting parking overstays
Adrian Ryan 2021-12-09 12:01 pm By Miklos Bolza Sydney

Tech company Vehicle Management Systems has come up short in its third attempt to block competitor SARB Management Group’s patent application for a magnetic parking overstay detector, with the Full Court rejecting claims that VMS’ managing director should have been listed as the device’s inventor.

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Port of Newcastle can charge Glencore higher access fees, High Court rules
ACCC 2021-12-08 6:57 pm By Miklos Bolza Sydney

The Port of Newcastle has largely won its High Court fight with mining giant Glencore over access fees and will now be able to set a higher price for use of the port’s facilities.

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Worldwide freezing orders not conditional on enforcement prospects, High Court says
ATO 2021-12-08 6:17 pm By Cindy Cameronne Sydney

The High Court has granted the ATO’s bid to impose a worldwide freezing order against Chinese property developer Changran Huang, saying the court’s power to freeze assets did not depend on whether there was a realistic possibility of enforcing a judgment in a foreign jurisdiction.

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Avanteos faces multi-million dollar penalty in landmark criminal case over dead members
ASIC 2021-12-08 3:09 pm By Bianca Hrovat Sydney

Former Commonwealth Bank subsidiary Avanteos Investments Limited pleaded guilty on Wednesday to charging up to $700,000 in fees to hundreds of deceased superannuation fund members.

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Linchpin director loses second shot at staying appeal of 5-year ban
Appeals 2021-12-07 5:47 pm By Bianca Hrovat Sydney

Former Linchpin Capital director Peter Eugene Daly has come up short in his second bid to stay his appeal of a ruling that banned him from providing financial services for five years in light of separate proceedings brought by ASIC.

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Class action accuses McDonald’s of denying workers unpaid rest breaks
Class Actions 2021-12-07 1:02 pm By Bianca Hrovat Sydney

Fast food giant McDonald’s has been hit with a class action alleging it systematically failed to provide employees with paid 10 minute rest breaks.

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‘Whole world of pain’ for solicitors if ex-ANZ trader won privilege spat, judge says
Alexander Langshaw 2021-12-06 3:52 pm By Miklos Bolza Sydney

A judge has said if he sides with a former ANZ trader in a privilege dispute with the bank over file notes from 2014 meetings over ASIC’s bank bill swap rate investigations it would create a “whole world of pain” for solicitors claiming privilege over their notes in other cases.

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a2 Milk wins trade mark ruling after IP Australia left ‘legitimate uncertainty’
Baker McKenzie 2021-12-03 5:08 pm By Miklos Bolza Sydney

A judge has allowed two a2 Milk trade marks to proceed to registration despite “legitimate uncertainty” created by IP Australia in a long-running intellectual property spat with competitor Lion Dairy & Drinks.

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ACCC trying to ‘fit a square peg into a round hole’ with bank cartel case, court hears
ACCC 2021-12-03 4:59 pm By Cindy Cameronne Sydney

The ACCC has been accused of running a “experimental test case” that tries to fit the shares market within the scope of the Competition and Consumer Act with its criminal cartel case against Citigroup, Deutsche Bank and several prominent banking executives over a $2.5 billion ANZ share placement.

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Training college AIPE hit with record $153M penalty for ‘unconscionable’ enrolment system
ACCC 2021-12-03 1:04 pm By Miklos Bolza Sydney

Collapsed NSW training company Australian Institute of Professional Education has been slugged with a $153 million penalty, the highest ever fine in a consumer law case, after the Federal Court found the school targeted vulnerable students through an “unconscionable” enrolment system.

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