High Court to hear mortgage aggregator share transfer dispute

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The High Court has granted special leave to mortgage aggregator Connective in a dispute between the firm’s founder and major shareholders over a transfer of one-third of the company’s shares, in a case that could clarify whether litigation should be considered a prohibited form of financial assistance under the Corporations Act.

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Judge spurs ASIC to mediate in NAB fees for no service case

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A judge has pushed the Australian Securities and Investments Commission into mediation with two NAB wealth management units in its case over $100 million in fees for no service, despite the regulator’s contention that mediation is not the best way to move the case forward.

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Jetstar agrees to $1.95M penalty over misleading refunds policy

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Jetstar Airways has agreed to pay a $1.95 million penalty and admitted to making false and misleading representations about customer eligibility for refunds on cancelled flights, in breach of the Australian Consumer Law.

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ASIC sues AMP, Clayton Utz over fees for no service report docs

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The Australian Securities and Investments Commission has instituted new proceedings against  AMP and its law firm Clayton Utz seeking documents related to the fees for no service investigation the law firm conducted for the wealth manager.

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United Petroleum unit appeals loss against Allianz over fire coverage

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A Queensland ethanol refinery owned by United Petroleum has appealed a judge’s ruling that insurer Allianz Australia did not have to provide coverage for damage resulting from a 2016 fire.

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Viterra says others lied about malt quality, judge wants to know who

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Viterra can amend its defence mid-trial in its dispute with Cargill over the $420 sale of its Joe White malt business to argue it was standard industry practice to fudge test results relating to malt quality, provided it identifies which industry players engaged in the practice.

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Crown Resorts wins dispute over Barangaroo casino views

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James Packer’s Crown Resorts has won a lawsuit against the NSW government for allegedly failing to protect sweeping views of the Sydney Harbour from its planned luxury casino in the Barangaroo area.

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Judge OKs social media-only opt out notice in breast implant class action

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A judge overseeing a class action against The Cosmetic Institute over allegedly botched breast implants has agreed to an opt out notice that will be sent to class members only through Facebook and Instagram.

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