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A court has tossed a conviction secured in ASIC’s case against a director of collapsed flight booking platform Fly365, saying the case was “doomed to failure.”
ASIC claims Solvar unit provided unsuitable car loans to vulnerable customers
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The Australian Securities and Investments Commission has dragged lender Money3 to court for allegedly failing to properly assess the creditworthiness of low-income individuals before saddling them with $11,000 loans for second-hand car purchases.
HFW recruits leading IR lawyer to bolster employment practice
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International law firm HFW is expanding its Australian employment practice, hiring leading industrial relations, safety and employment law solicitor Simon Billing in Perth.
Tech exec subjected to DXC’s ‘unreasonable’ 7-year restraint clause wins appeal
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An appeals court has found a seven-year non-competition clause in US tech giant DXC Eclipse’s agreement with the former director of Melbourne software firm Sable37, which it acquired in 2018, was unreasonable.
‘Silly case’ between class action applicant, funder settles
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A clash between a class action applicant and a litigation funder over $1.2 million in claimed expenses has settled, after a judge ordered the sides to personally attend mediation.
With no funder, Colonial class action members better off by up to $12M, court finds
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Customers of wealth manager Colonial First State were $10 million to $12 million better off without a litigation funder in a class action over the slow transfer of accounts to low cost MySuper funds, a judge has found.
UFG to pay $5M for misleading gym franchisees about ‘near valueless’ businesses
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The company behind the Ultimate Fighting Championship gym franchise has been ordered to pay $5 million to three franchisees after a judge found it misled them about businesses which were “near valueless” and unlikely to make profit.
Ex-commando slams ABC’s ‘nonsensical’ argument against damages in defamation case
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Former Army major Heston Russell has panned the ABC’s argument that it is not liable to pay damages in his defamation case because he identified himself and was given an opportunity to respond to stories that suggested he was involved in murdering an Afghan prisoner.
Block’s mobile payment method not patentable, says IP Australia
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IP Australia has rejected an application by US technology company Block to patent a mobile payment method, saying it does not describe a manner of manufacture — the threshold requirement tripping up many claimed computer-implemented inventions.
In decades-long fight over coal seam gas fields, Tri-Star loses referee bid
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Texas oil giant Tri-Star has lost its bid for a referral in a dispute with natural gas exporter Australia Pacific LNG over several coal seam gas fields in Queensland and $7.6 billion in share acquisitions.