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ASIC retains external law firms to expedite banking royal commission cases
With over 300 concurrent investigations on foot, the Australian Securities and Investments Commission has leaned heavily into its 'why not litigate' approach and is bringing outside help on board, including from law firms.
Otsuka changes tack in Abilify patent case after landmark Wyeth ruling
Otsuka Pharmaceuticals and Bristol Myers-Squibb are seeking to withdraw admissions in patent litigation against Generic Health over anti-psychotic drug Abilify, following a landmark ruling last year against Wyeth that clarified the issue of compensation under the usual undertaking for damages in pharmaceutical patent cases.
Ex-CEO sues live cattle exporter following ‘hostile’ and ‘demeaning’ dismissal
Live cattle exporter Wellard Ltd has been hit with an unlawful dismissal claim for more than $400,000 by its ex-CEO, who claims he was sacked for asking about the company’s troubling financial position and complaining about the chairman’s “hostile”, “demeaning” and “threatening” behaviour towards him.
Vietnamese mining firm drops $132M arbitration award dispute with WorleyParsons unit
The operator of a Vietnamese mine has dropped its Federal Court proceedings against WorleyParsons subsidiary Jacobs E&C over the enforcement of a $132 million arbitration award.
Consumer watchdog continues NBN marketing crackdown with fines against BVivid
BVivid has become the latest telco to cop penalties from the consumer watchdog over National Broadband Network marketing, after it admitted to cold-calling consumers and telling them they would be disconnected if they did not immediately switch over.
ASIC to challenge ‘uncertainty’ of Westpac responsible lending decision
The Australian Securities and Investments Commission has filed an appeal against the Federal Court’s responsible lending ruling in favour of Westpac, arguing the decision had created uncertainty around the obligations of credit providers.
Aldi’s lack of booze rep dooms opposition to ‘Alby’ craft beer trade mark
Aldi has failed in its attempt to block applications for three 'Alby' trade marks filed by a Western Australian craft brewery, thanks to the supermarket chain's lack of reputation for selling beer in Australia.
Corporate cop looks to bolster Rio Tinto case with US evidence from PwC witness
The Australian Securities and Investments Commission is seeking evidence from US proceedings in its case against Rio Tinto alleging the mining giant misled shareholders about a Mozambique mining company purchased for US$4.2 billion.
ACCC’s decision to block Vodafone, TPG merger ‘chock full of speculation’, court hears
The competition regulator's opposition to the proposed $15 billion merger of telecommunications companies Vodafone and TPG was based on "mere possibilities" and was "chock full of speculation", the Federal Court heard Tuesday.
Property developer Ralan Group faces potential class action over collapse
William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to "prepare for a poor outcome".