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Facebook claims it can’t be sued by Aussie privacy watchdog
Privacy & Cybersecurity 2020-06-26 4:25 pm By Miklos Bolza

US-based Facebook has argued that it does not carry on business in Australia despite users in Australia accessing its website, calling for the dismissal of action brought by the Australian Information Commissioner over alleged privacy breaches.

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ASIC loses appeal in responsible lending case against Westpac
Financial Services 2020-06-26 12:06 pm By Christine Caulfield

The Australian Securities and Investments Commission has failed in a high-profile challenge to a ruling for Westpac in its responsible lending case against the bank, with an appeals court majority saying the regulator read too much into the national credit laws.

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Virgin administrators sign deal with Bain Capital to buy struggling airline
Restructuring & Insolvency 2020-06-26 10:35 am By Christine Caulfield

Virgin’s administrators have reached a deal with Bain Capital to buy the airline and its subsidiaries, saying Friday US investment firm had made a “strong and compelling” bid to keep Australia’s second airline operating and secure the jobs of thousands of workers.

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ACCC takes Pacific National, Aurizon terminal deal challenge to High Court
Competition & Consumer Protection 2020-06-26 10:15 am By Christine Caulfield

The competition regulator wants the High Court to hear its challenge to Pacific National’s $205 million acquisition of Aurizon’s Acacia Ridge Terminal in Queensland, saying the deal would entrench the rail freight carrier’s near monopoly on the east coast of Australia.

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Google to pay publishers for news content
Competition & Consumer Protection 2020-06-25 10:45 pm By Cat Fredenburgh

Google has reached agreements with publishers in three countries to pay for news, as the ACCC works out the details of a mandatory code under which the search giant and Facebook would be forced to pay publishers for news.

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Corporate insolvency partner scores partial win on appeal in breakup spat
Restructuring & Insolvency 2020-06-25 5:29 pm By Miklos Bolza

A challenge to a judgment which found that one partner of a corporate insolvency firm “ambushed” the other to leave the business has been partially overturned by an appeals court.

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Ashurst documents show ANZ knew about illegal fees, ASIC says
Financial Services 2020-06-25 5:25 pm By Miklos Bolza

Ashurst notified Australia and New Zealand Banking Group almost a decade ago about issues relating to its illegal fees, ASIC has told the Federal Court as it fights for documents from the law firm.

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Road barrier companies hit the brakes on patent dispute
Intellectual Property 2020-06-25 1:40 pm By Cat Fredenburgh

A settlement has been reached in a dispute between UK-based Hill & Smith Holdings and Australia-based Safe Barriers Pty Ltd over a patented road safety barrier system.

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Ex-Beem It boss sacked for blowing whistle on CBA conflicts over proposed sale, suit says
Employment 2020-06-25 11:00 am By Christine Caulfield

The former CEO of Commonwealth Bank subsidiary Beem It was dismissed for blowing the whistle on multiple conflicts of interest by directors of the digital payment company, just months after she was warned by one director that the “CBA wagons” were circling her, a lawsuit alleges.

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Ken Talbot’s widow denied separate privilege trial in negligence case against Arnold Bloch Leibler
Business of Law 2020-06-24 8:34 pm By Alison Eveleigh

The widow of mining billionaire Ken Talbot has been denied a separate trial to answer questions of privilege in her negligence lawsuit against law firms Arnold Bloch Leibler and Boyd Legal for their handling of her late husband’s estate, which she claims resulted in tens of millions of dollars in losses.

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