Intellectual Property
In Zip TM case, High Court says honest use not judged by ‘Robin Hood test’
Buy now, pay later giant Zip Co has lost its challenge against non-bank lender Firstmac’s ‘Zip’ trade mark, with the High Court finding that honest concurrent use was judged by the standards of “ordinary, decent people”, not by a subjective “Robin Hood” test.
Healthcare
Mayne loses bid for Corrs invoices ahead of costs fight with Cosette
Mayne Pharma cannot access invoices from Cosette’s solicitors at Corrs Chambers Westgarth, with a judge saying he was not hopeful that they would help to resolve a costs fight related to litigation over their collapsed $672 million merger.
Tax
Negative gearing, capital gains tax overhaul at centre of Albanese budget
At the centre of Tuesday night's budget are tax reforms aimed at investment structures, negative gearing, and the capital gains perk that represent the biggest change to the taxation of Australian savings since 1999.
Class Actions
Developer Mulpha says class action’s amendments may ‘imperil’ trial
The developer behind a Sydney housing project at the centre of a class action has warned that the plaintiffs’ proposed amendments to the case could jeopardise the start date of trial in the case.
Tax
Shell prevails in challenge to ‘excessive’ ATO assessments
Shell’s Australian arm has succeeded in challenging a finding by the ATO that it needed to pay an additional $99 million in capital gains tax after it disposed of its 34.27 per cent holding in Woodside Petroleum.
Employment
MinterEllison denies administrator’s bullying claims in $800k suit
MinterEllison has denied an administrator’s claims that she was subjected to discrimination and repeated incidents of bullying, saying she frequently raised complaints about "innocuous" interactions with colleagues.
Intellectual Property
Trial pushed back in AstraZeneca IP case against Pharmacor
Trial in AstraZeneca's patent infringement case over Pharmacor's plans to launch a cheaper version of diabetes drug Forxiga has been delayed to October, after the generic drug maker got the all-clear to revise its cross-claim.
AUSTRAC
AUSTRAC warns AI increasing risk of serious financial crimes
Criminals are increasingly using AI in their money laundering playbook, increasing the scale and sophistication of financial crimes, AUSTRAC has warned.
Financial Services
ART increases ban against ex-UGC adviser to 3 years
A former United Global Capital financial adviser who was banned from registering as financial adviser for two years has been hit with a three-year ban following an unsuccessful review to the Administrative Review Tribunal.
Trials
Ex-Mastercard sales manager says he lied to finance team on 7-Eleven deal
A former Mastercard business development director has admitted at trial to lying to the payments giant's finance department about the risk of 7-Eleven routing transactions to EFTPOS to seal a deal.
