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A former auditor of collapsed video company BigUn has had his company auditor registration suspended for a year following an application by the corporate regulator over a conflict of interest.
AFCA lacked impartiality in decision against IronFX, court rules
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Online trading platform IronFX has won its action against the Australian Financial Complaints Authority over a finding it wrongfully caused an 83 year-old French resident to lose his life savings.
Vector Corrosion not entitled to concrete treatment patent, judge finds
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Concrete repair company Vector Corrosion Technologies has lost its bid for ownership of a concrete treatment patent held by three former employees who jumped ship, with a court finding the trio invented the technology after leaving Vector.
Honda hit with lawsuit over abandoned dealership model
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Honda Australia has been hit with a lawsuit by three former dealers over its decision to abandon a dealership model in Australia, the latest car maker to face litigation by car dealers.
‘Intimate’ encounter with student no cause for ANU professor’s dismissal, FWC says
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A Fair Work commissioner who previously slammed vaccine mandates as “medical apartheid” has found that an Australian National University professor was unfairly fired over a 30-minute “intimate” beach encounter with a student.
Lloyd’s wins docs to probe basis for Moray & Agnew’s $3.7M settlement
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Lloyd’s has won access to letters between Moray & Agnew and an insurer to test its claims that a $3.7 million settlement the law firm agreed to over the sale of apartments at a $105 million South Yarra complex developed by millionaire Harry Stamoulis was excessive and made to protect the firm’s reputation.
Virgin scores High Court win in spat with Wells Fargo over leased engines
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US bank Wells Fargo and Florida-based aviation leasing company Willis Lease Finance will have to pay $500,000 for the relocation of leased aircraft engines to Virgin after losing a High Court bid to have the airline foot the bill.
Fitness chain F45 tries to revive patents for computerised workout system
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National fitness chain F45 has appealed a court decision revoking two of its patents for a computer-run trainer workout system, arguing its system constituted a technological innovation in the field of fitness studio franchising which rival Body Fit has profited from.
Salter Brothers misled client over $2.4M visa investment, lawsuit says
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A former Salter Brothers client has filed a lawsuit against the fund manager, claiming it misled her about an investment fund marketed as part of a visa program to migrate to Australia.
Hastie’s claim against Lendlease in $68M suit ‘untenable’, court hears
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A bid by the liquidators of collapsed engineering company Hastie Group for Lendlease to pay back funds it withdrew under bank guarantees is “untenable” and “misconceived”, a court has heard in a $68 million case that also targets Multiplex, Grocon and John Holland.