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The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.
Linchpin class action concerned about ‘authenticity’ of evidence for trial
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The applicant in an investor class action over the collapse of advisory firm Linchpin Capital and Endeavour Securities has raised concerns about the authenticity of Linchpin’s business records, which it wants to put into evidence at trial in two months.
‘Not motivated by access to justice’: Funder hit with indemnity costs in copyright case
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A judge has ordered a litigation funder that bankrolled a photographer’s unsuccessful copyright claim against CoreLogic to pay indemnity costs to the property data analytics company, saying the funder was not “motivated by any concerns for access to justice”.
ASIC investigates Nuix boss over $236,000 share purchase
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The Australian Securities and Investments Commission has launched an investigation into whether Nuix’s current Chief Executive Officer Jonathan Rubinsztein unlawfully bought shares in the company after learning about a potential takeover offer.
Court tosses conviction of Fly365 director, says case ‘doomed to fail’
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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.