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SMBC sues Humm for $34M in worthless receivables linked to Forum Finance
Competition & Consumer Protection 2022-07-21 9:50 pm By Cindy Cameronne

Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.

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Crypto class action can’t have ‘luxury of litigating’ without costs, judge says
Class Actions 2022-07-21 1:03 pm By Sam Matthews

A judge has ordered the lead applicants in an unfunded class action against the Southport-based issuer of Qoin to cough up $750,000 in security, despite hearing submissions that the costs order would kill the case.

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Zurich loses bid to shut down NZ apartments class action
Insurance 2022-07-21 1:40 pm By Cindy Cameronne

Irish insurer Zurich Insurance has lost its appeal seeking to shut down a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block.

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No whey: IP Australia sides with Fonterra in rejecting protein patent
Intellectual Property 2022-07-21 9:13 pm By Sam Matthews

IP Australia has rejected the patent application of Scandinavian dairy giant Arla Foods amba, finding its high-protein whey-based yoghurt invention lacked an inventive step.

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Gilbert + Tobin snaps up K&L Gates construction global co-head
Business of Law 2022-07-21 9:43 pm By Cindy Cameronne

Gilbert + Tobin has lured K&L Gates’ global co-head of construction to join its energy and infrastructure practice in Melbourne. 

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Family who forged will of ‘worst landlord’ still at loggerheads over properties
Estates 2022-07-21 10:33 pm By Sam Matthews

A judge has flagged the “regrettable” prospect of further litigation in relation the estate of  Melbourne businessman Frank Cassar, following a finding that Cassar’s will was forged in a conspiracy by his widow, daughter and son who feared losing his multimillion-dollar business empire after his death.

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Forum Finance director to get $1.25M for legal funds, despite ‘Byzantine’ financials
Financial Services 2022-07-20 10:35 am By Sam Matthews

Bill Papas’ business partner Vince Tesoriero has won the release of $1.25 million to pay for his legal fees in Westpac’s fraud case against him, despite a judge’s finding that disclosure concerning his true financial position was “less than ideal” and included “staggering” discrepancies.

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Funder wants $13.2M commission from confidential Opal Tower class action settlement
Construction 2022-07-20 1:06 pm By Christine Caulfield

Although the settlement sum has not been disclosed, court documents in the Opal Tower class action reveal the litigation funder backing the case will seek $13.2 million in commission when the parties appear before the court later this year.

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Epoch Capital accuses analyst of taking confidential info
Intellectual Property 2022-07-20 11:56 pm By Cindy Cameronne

Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.

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Logistics company drivers are independent contractors, Federal Court finds
Employment 2022-07-20 3:53 pm By Cindy Cameronne

A judge has found four drivers working with transport company Avert Logistics are independent contractors despite the business supplying vehicles for them.

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