In loss for ASIC, court finds AFSL not needed for Finder’s crypto product

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In a loss for the Australian Securities and Investments Commission, a judge has found that comparison website Finder did not need a financial services licence to sell its cryptocurrency product Finder Earn because it was not a financial product.

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G+T, silk hired by EDO for review after cultural mapping ‘confection’ in pipeline case

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The Environmental Defenders Office has appointed a team of external lawyers, including Gilbert + Tobin and a senior barrister, to review its processes after a judge found aspects of its case over Santos’ Barossa pipeline were made up and “lacking in integrity”.

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Court asked to sign off on 34% cut for group members in Wellard class action

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A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they’re entitled to.

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With no intention to pay $200M debt, Spain ‘deserves no sympathy’, court says

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The Kingdom of Spain has been ordered to pay over $50,000 in security on an interlocutory application, with a judge finding the country “deserves no sympathy” following its failure to satisfy a judgment debt of some $200 million.

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AFL wants court to pause player’s suit in light of head knock class action

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The Australian Football League has asked a court to stay an individual lawsuit brought by a “totally incapacitated” former Western Bulldogs player until a related class action on behalf of players who allegedly suffered brain injuries is decided.

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Union can take payout from any settlement in McDonald’s class action, says judge

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A judge is planning to consolidate an employee class action and a union case against McDonald’s, saying the union can take a payout from any settlement, similar to how a funder receives a commission. 

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Former AFL player loses COVID-19 vaccine case against Channel 9

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Former AFL player and sports presenter Warren Tredea has failed in his $1.5 million breach of contract case against Channel 9, which terminated an agreement with him for refusing to have a COVID-19 vaccine.

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