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Judge extends asset freeze over iSignthis CEO in $10M stoush with tax office
Tax 2021-10-21 3:39 pm By Christine Caulfield

A judge has extended by a week a freezing order over the assets of ISignthis CEO John Karantzis in a dispute with the Australian Taxation Office over a $10.7M alleged tax debt, but a bid to extend the scope of the order to include shares in a Cyprus-based company launched by the fintech businessman has failed for now.

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a2 Milk faces new shareholder class action investigation
Class Actions 2021-10-21 1:32 pm By Miklos Bolza

The a2 Milk Company is facing the prospect of a second shareholder class action over its 2021 financial guidance and subsequent downgrades following Slater & Gordon’s case earlier this month. 

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Ian Macdonald, Obeids sentenced to jail time for bid-rigging conspiracy
White Collar 2021-10-21 6:13 pm By Miklos Bolza

Former NSW Labor Minister Ian Macdonald has been sentenced to at least five years in prison, and Eddie Obeid and his son Moses will go to jail for a non parole period of three years for their conspiracy to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.

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ATO, Raptis Group to enter ‘commercial discussions’ in $110M tax case
Tax 2021-10-21 12:21 pm By Miklos Bolza

The Australian Taxation Office will have “commercial discussions” with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.

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Tyro hit with class action over terminal outage
Class Actions 2021-10-20 4:10 pm By Cat Fredenburgh

Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.

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Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
Transportation & Infrastructure 2021-10-20 5:39 pm By Miklos Bolza

A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.

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Arrest warrant issued for Forum founder Bill Papas
White Collar 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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Social media surgeon seeks urgent injunction ahead of Four Corners episode
Media 2021-10-20 9:32 pm By Bianca Hrovat

A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.

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AMP, Willis Towers Watson locked in multimillion-dollar Sydney CBD rental dispute
Real Estate 2021-10-20 4:46 pm By Miklos Bolza

AMP has taken the insurance arm of Willis Towers Watson to court to try to force it to stick to an alleged promise to rent two floors in a central Sydney commercial block that was made just before the start of the COVID-19 pandemic.

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CIMIC spars with insurers over coverage for Iraq bribery cases
Insurance 2021-10-20 3:48 pm By Cindy Cameronne

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.

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