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SMBC can add new claims in $34M case over Forum Finance receivables
SMBC has been cleared to add more claims to its $34 million suit against Humm Group after the fintech's subsidiary allegedly misled the Japanese bank about worthless receivables under contracts said to be forged by a Forum Group entity.
ASIC hits Melbourne CFD broker with interim stop order
ASIC has issued an interim stop order barring a Melbourne-based investment broker from opening trading accounts or dealing in contracts for difference or margin foreign exchange contracts to retail investors. 
Zip wins high-stakes trade mark stoush with Firstmac
Buy now, pay later giant Zip Co has successfully defended a lawsuit over its use of Firstmac's 'Zip' trade mark and won its bid to have the mortgage provider’s mark removed for non-use.
Visa’s blockchain payment invention not patentable, IP Australia says
Payment giant Visa has lost an application for a patent covering a way to transfer assets between banks, with an IP Australia delegate saying the invention uses generic computer technology and is not patentable.
TPG-backed company seeks quick win in case over alleged scam tied to $1B climate deal
A company backed by private equity giant TPG which was allegedly fooled into paying part of a $1 billion deal to the wrong company wants default judgment in a case against the accused scammer, but a judge has raised doubts about attempts to serve the lawsuit.
Bank of Queensland vows to fix risk management failings after ‘lengthy period of non-compliance’
Bank of Queensland has been called out by two regulators over its compliance with anti-money laundering and counter-terrorism financing laws and its risk management practices.
ASIC hits pause on Humm’s buy now, pay later products
The Australian Securities and Investments Commission has hit fintech Humm Group with an interim stop order barring it from issuing buy now, pay later products to new customers.
Sydney fraudster Melissa Caddick dead, coroner finds
The New South Wales deputy state coroner has concluded that accused conwoman Melissa Caddick is dead, but questions remain about the circumstances of her death.
Greenwashing, ESG next target for class action firms, says Clayton Utz partner
Class action firms and funders will set their sights on claims related to environmental, social and governance investing, says Clayton Utz’s new litigation partner Matthew Spain, but whether the game is worth the candle remains to be seen.