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ASX can’t see file notes of key ASIC interview in CHESS case
ASIC 2025-05-27 11:37 pm By Cindy Cameronne

A judge has upheld ASIC’s privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system. 

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Marsh points finger at UBS in $7B Greensill cases
Financial Services 2025-05-27 11:24 pm By Cindy Cameronne

Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse. 

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ASIC seeks $30M penalty for Westpac’s ‘scandalous’ conduct
Financial Services 2025-05-26 11:17 pm By Andy Sidler

ASIC has asked a court to hit Westpac with a $30 million penalty for IT failures which caused  financial hardship applications to be ignored, conduct a judge has described as “shocking” and “truly scandalous”.

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Toyota Finance hit with class action over add-on insurance
Class Actions 2025-05-26 11:56 pm By Cindy Cameronne

Toyota Finance has been hit with a class action alleging customers paid thousands for ‘junk’ add-on insurance, on the heels of a law firm’s unsuccessful bid to add the claims to an existing class action over flex commissions. 

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Developer wins appeal over deal for NDIS housing
Appeals 2025-05-27 11:34 pm By Sam Matthews

Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.

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X Corp brings legal challenge over eSafety obligations
Social Media 2025-05-26 11:48 pm By Cindy Cameronne

X Corp has brought proceedings against the eSafety commissioner arguing it is not covered under a new online safety standard, which allows the regulator to issue fines without a notice.

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Judge scolds HSBC for missing deadline to file defence in ASIC scam case
Financial Services 2025-05-26 11:37 pm By Julia Kanapathippillai

A Federal Court judge has criticised HSBC for failing to comply with court orders in the corporate cop’s case alleging the bank failed to protect customers from scams. 

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Freezing orders extended against people with suspected links to Keystone
ASIC 2025-05-26 11:25 pm By Andy Sidler

A court has extended freezing orders over the assets of two men suspected of connections to two Keystone funds, which ASIC has expressed “grave concerns” about.

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Moderna loses bid to patent mRNA vaccine
Intellectual Property 2025-05-26 11:02 am By Cat Fredenburgh

Moderna has failed in its bid to secure an mRNA vaccine patent, but an IP Australia delegate gave the US biotech another shot at its application. 

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Judge approves ‘high end’ 30% GCO in JB Hi-Fi class action
Class Actions 2025-05-23 11:15 pm By Andy Sidler

A judge has approved Maurice Blackburn’s 30 per cent group cost order in a class action against JB Hi-Fi over worthless warranties, noting the ‘high end’ rate would be reviewed at a later stage.

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