Cryptocurrency
Qoin crypto issuer hit with $14M penalty for misleading representations
A court has slapped Qoin cryptocurrency issuer BPS Financial with a $14 million penalty for “serious and unlawful misconduct”, including making misleading statements about the product and providing financial advice without a license.
New South Wales
NSW Supreme Court Chief Justice awarded AC for ‘enormous contributions’
NSW Supreme Court Chief Justice Andrew Bell has been awarded a Companion of the Order of Australia for his “enormous contributions” to the state and for fostering an “open relationship” between the court and legal professionals.
Employment
BHP Coal defeats unfair dismissal suit over mug throwing altercation
A former BHP Coal employee has lost his unfair dismissal case, with the Fair Work Commission finding his conduct in throwing a mug and threatening a co-worker was a valid reason for dismissal.
Human Rights
Police search powers ‘incompatible with human rights’: court
The declaration of Melbourne’s CBD as a location permitting random searches was “incompatible with human rights”, a judge found Friday, although she tossed a related constitutional challenge.
White Collar
Platinum Asset insider trader sentenced to six years in prison
An investment manager has been sentenced to six years in prison after accessing confidential information from the computer of Platinum Asset Management's chairman about a takeover offer and using the intel to trade in shares.
Employment
‘No remorse’: McInnes Wilson sued by former equity principal
The former director of the family law practice at McInnes Wilson has filed a suit seeking over $53,000 in redundancy pay, claiming his resignation was not "voluntary" and that the firm has shown "no remorse" for its alleged contraventions.
Contracts
Court to hear Parramatta Eels’ case against Zac Lomax within weeks
A court has agreed to hear the Parramatta Eels’ case against former player Zac Lomax on an expedited basis, as the club seeks to enforce a contractual term keeping him off the list of rival teams after an unsuccessful mediation with the Melbourne Storm.
Intellectual Property
AstraZeneca sues Pharmacor over plan to launch generic diabetes drug
AstraZeneca has sued Pharmacor over its plans to list a generic version of blockbuster diabetes drug Forxiga on the PBS, but the drug maker will have to defend the validity of the patent, which was struck down by a UK court last year.
Employment
Full Court takes red pen to ‘delegates’ clause in workplace awards
The Full Federal Court has scrapped orders by the Fair Work Commission limiting the rights of workplace delegates in various awards, finding the commission acted outside of its power following changes to the Fair Work Act.
Real Estate
Maddocks moves into new Sydney office at 33 Alfred Street
Maddocks has relocated to a newly designed office in Sydney’s first skyscraper, the latest of several law firms to make the move to the "future-forward" tower in recent months.
