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A wholesaler that supplied leaking hot water bottles and exploding candle holders to retailers in Victoria has been fined $415,000 for distributing the dangerous products in breach of the Australian Consumer Law.
AIG appeals ruling in Kaboko Mining D&O coverage dispute
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AIG Australia has appealed a decision that found it’s liable for covering four former directors being sued by collapsed Kaboko Mining after a failure to repay a US$5.95 million loan allegedly led to the company’s insolvency.
Court demands greater transparency from ASIC in AMP insurance case
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ASIC has been ordered to reveal the extent of its communications with experts that are compiling a report central to its case against AMP over alleged insurance churning by one of its former financial advisers.
Lundbeck loses bid for damages increase in Lexapro patent case
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Denmark-based Lundbeck cannot recover damages for the alleged infringement of its Lexapro patent by generic drug companies that it dropped its claims against, a judge has found.
Law Institute of Victoria sacked former GM for taking time off, lawsuit claims
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The former general manager of compliance at the Law Institute of Victoria has taken the peak legal body to court, alleging she was dismissed in breach of the Fair Work Act after taking sick leave.
Full Court finds Nichia LED patent claims invalid
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The Full Federal Court has shot down a challenge by Japanese electronics company Nichia Corp. to a ruling that Arrow Electronics did not infringe its patent for a white light emitting device.
High Court strikes down laws that slashed union political spending in NSW
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Laws that cut in half the amount of money third parties can spend on election campaigns in NSW are invalid, the High Court of Australia ruled Tuesday, in a major win for unions and the Labor party ahead of the state election in March.
ATO wins appeal in $82M tax spat with BHP over Singapore marketing hub
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The Australian Taxation Office has successfully appealed an Administrative Appeals Tribunal decision in favour of BHP Billiton, leaving the mining giant with a hefty $82 million tax bill over its Singapore marketing hub.
ACCC calls for $35M fine against Empower Institute
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The Australia Competition and Consumer Commission is seeking a $35 million penalty against Empower Institute after the court found the vocational trainer engaged in unconscionable conduct by “duping” customers into enrolling in courses they could not afford.
CSIRO appeals ruling allowing changes to BASF GMO patent
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The CSIRO is appealing a decision by the Commissioner of Patents that allowed chemical giant BASF to amend its application for a genetically modified organisms patent.