The patent office has rejected Visa’s application to patent a token system for securing customer data, finding the process did not address a technical problem or provide a technical solution.
The liquidator of failed global financial services firm Babcock & Brown is seeking to permanently stay a shareholder suit it says is an abuse of process, nearly five years after three other cases against the liquidator were thrown out.
A Sydney trader has brought an unfair dismissal case against CMC Markets, alleging his manager threatened his job and life after he complained about a shortfall in bonuses totalling more than $500,000.
The crypto platform formerly known as Be Pay Australia has settled a trade mark infringement suit by BPay after court-ordered mediation, changing its name and paying $50,000 toward the legal costs of the bill payments giant.
Bond & Credit Company has lost its bid to bring a new claim in defence to $6 billion proceedings over the collapse of Greensill that alleged the financial services company failed to disclose its “moral hazard” behaviour of being dishonest with insurers.
The Full Court is set to weigh in on whether judges who make adverse findings on credibility during the liability phase of a hearing should recuse themselves from determining penalty, an issue which a judge has said may require a new court protocol.
A judge has ordered Mercer Superannuation to pay $11.3 million for “reckless, if not deliberate” representations about so-called sustainable investment options that included investment in oil and gas companies, including BHP and Origin Energy.
A judge has approved a $8.25 million settlement in a class action against PricewaterhouseCoopers brought by Axsesstoday bondholders over an allegedly misleading bond prospectus.
In a first for a Big Four firm, PwC has made good on its promise to appoint an independent chair to its board and has tasked law firm Webb Henderson and former top judge with tracking its progress on other commitments made in the wake of its tax leaks scandal.
Sydney-based wealth guru Dominique Grubisa has been banned from managing corporations for 18 months after an ASIC investigation found two companies she managed owed more than $300,000 to creditors.