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Shine Lawyers avoids being dragged into negligence lawsuit
Legal Ethics November 15, 2019 4:43 pm By Miklos Bolza

A bid to join Shine Lawyers and barrister David Turner to a negligence suit against an Australian law firm retained to assist with a $630,000 […]

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The key to addressing overwork and depression in the legal industry
Expert Insights November 15, 2019 4:35 pm By

Lawyers are a vulnerable workforce and unions could help protect them, especially those just entering the profession, from exploitation, says Maurice Blackburn principal Giri Sivaraman.

NAB says ‘significant’ penalties loom over money laundering breaches
Financial Services November 15, 2019 3:58 pm By Miklos Bolza

The National Australia Bank faces the prospect of “significant monetary penalties” after self-reporting a potentially large number of money laundering and counter terrorism financing breaches to AUSTRAC and its overseas counterparts.

Government approves Chinese co’s $1.5B acquisition of Bellamy’s baby food empire
Corporate November 15, 2019 12:11 pm By Miklos Bolza

The Federal Government has conditionally approved a $1.5 billion acquisition of all shares in baby food and milk formula manufacturer Bellamy’s Australia by a Hong Kong-based dairy firm after finding the transaction was “not contrary to the national interest”.

Google blasts ACCC’s ‘cherry-picked’ suit over data collection disclosures
Competition & Consumer Protection November 14, 2019 1:52 pm By Miklos Bolza

Google has slammed landmark regulatory action brought by the Australian Competition and Consumer Commission over the collection and use of location data on Android devices as “cherry-picked”, saying the watchdog had read alleged misstatements by the tech giant out of context.

$2.5M break fee in Pacific Energy takeover battle not anti-competitive, panel says
Corporate November 14, 2019 4:33 pm By Cat Fredenburgh

The Takeovers Panel has found that while a $2.5 million break fee included in a $470 million takeover offer lobbed during a bidding war for Western Australia power supplier Pacific Energy was not a “common market approach”, it was not anti-competitive or coercive.

Worrells backs partner targeted by ‘unexpected’ ASIC action
Restructuring & Insolvency November 14, 2019 10:25 pm By Christine Caulfield

Insolvency firm Worrells has come out in support of partner Jason Bettles, who is facing an investigation by the corporate regulator for his work as liquidator of the Members Alliance Group of companies, saying the probe was unexpected.

Caterpillar bares claws over Fiat-Chrysler’s ‘hellcat’ mark
Intellectual Property November 14, 2019 9:40 pm By Miklos Bolza

Construction equipment manufacturer Caterpillar Inc has lost a challenge to the registration of two ‘Hellcat’ trade marks by FCA Group, producer of well-known auto brands Fiat, Chrysler, Dodge, Jeep and Alfa Romeo.

Key insight into claim on Warranty & Indemnity insurance
Expert Insights November 14, 2019 9:35 pm By Christine Caulfield

The Supreme Court of Victoria has considered whether an insured buyer under a warranty and indemnity policy is entitled to indemnity from an insurer when it relied on income and liability warranties in a share sale agreement and those warranties were breached, a case that provides welcome guidance on the contractual interpretation of W&I policies, writes Justin McDonnell and Rebecca LeBherz of King & Wood Mallesons.

Judge asks if he’s ‘in la-la land’ after seeing VW profitability figures
Competition & Consumer Protection November 13, 2019 3:14 pm By Hannah Gee

A judge has voiced his incredulity at profitability figures produced by Volkswagen in seeking court approval of a $75 million settlement with the consumer regulator […]

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