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Baker McKenzie dragged into Chinese lender’s case against PwC over failed Aussie launch
Accounting 2021-05-17 5:52 pm By Cindy Cameronne

Chinese lender Aoyin wants to join Baker McKenzie to its claims against PwC over a failed bid to launch the first Chinese bank incorporated in Australia, after advice documents from the law firm were uncovered in a last-minute privilege fight.

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AGL Energy sues Greenpeace for using logo in ‘Australia’s biggest climate polluter’ campaign
Intellectual Property 2021-05-10 4:02 pm By Cat Fredenburgh

AGL Energy has dragged Greenpeace Australia Pacific to court for using its logo in a campaign that labelled the company “Australia’s biggest climate polluter” and accused it of “significant environmental breaches”.

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Class action settles against NSW public hospital operators
Class Actions 2021-05-06 3:47 pm By Christine Caulfield

A class action against the NSW government and 15 local health districts alleging relatives of overseas patients were forced to serve as guarantors for hospital bills worth tens of thousands of dollars has settled.

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Forge liquidators can expand insider trading case against Clough, directors
Restructuring & Insolvency 2021-05-04 4:56 pm By Miklos Bolza

The liquidators of Forge Group have won court approval to expand their insider trading case against construction company Clough over the $187 million sale of its stake in the failed engineering and construction firm.

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Ashurst picks up DLA Piper partner for real estate practice
People In The News 2021-05-03 5:25 pm By Cindy Cameronne

Ashurst has snagged a leading property investment and development lawyer who advised on $1.5 billion in projects in the Melbourne Docklands from rival DLA Piper to join its projects and real estate team.

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Forex CT ordered to pay $20M for unconscionable sales tactics
Financial Services 2021-05-03 3:06 pm By Cindy Cameronne

ASIC has won a $20 million judgment against derivative trader Forex CT for using “unfair” sales tactics and misleading clients into making trades from which the company would benefit even when they had informed their adviser they had limited financial resources.

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Boral must pay $4.8M in cement supply stoush with Wagners
Construction 2021-04-27 2:21 pm By Christine Caulfield

Building products supplier Wagners has been awarded $4.8 million from Boral after Wagners successfully challenged a ruling in a high-stakes cement supply dispute with the construction material giant.

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Westpac gets lion’s share of proceeds from ‘anxious’ sale of collapsed fintech Sargon Group
Restructuring & Insolvency 2021-04-26 4:04 pm By Miklos Bolza

Westpac will recoup the majority of proceeds from the $29.6 million sale of collapsed fintech Sargon Group, with a judge calling the company’s liquidators “anxious sellers” who sold at speed and well below market value.

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‘Just tell us what we did wrong’: KPMG to get more details in Arrium class action
Class Actions 2021-04-21 10:37 pm By Cindy Cameronne

A judge has ordered the applicant in a shareholder class action against former Arrium directors and KPMG over allegedly misleading statements made ahead of Arrium’s $754 million capital raising in 2014 to explain how the amount by which the mining company’s assets were allegedly overvalued was calculated.

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Creditors of LGL Commodities may have case against lawyers, judge says
Restructuring & Insolvency 2021-04-21 3:35 pm By Christine Caulfield

Creditors of LGL Commodities might have a right of action against solicitors for the company’s liquidators for failing to comply with court orders and omitting evidence in a case against a former director, a judge has ruled.

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