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The High Court has found that three asset-based lenders behaved unconscionably when they enforced thir rights under a $1.2 million loan made to a vulnerable consumer secured by a mortgage over his properties.
Electronics giant Uniden faces court fight over design of latest radio
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Japan’s Uniden has been hit with an intellectual property lawsuit by Australia’s only CB radio manufacturer, which alleges the upcoming launch by the wireless communications giant of two new products amounts to infringement of its design patent.
Mayfair’s James Mawhinney wants reprieve from ASIC’s contempt case
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Mayfair 101 director James Mawhinney has sought a temporary stay of ASIC’s case accusing him of being in contempt of court for allegedly breaching a 20-year ban on selling financial products.
ASIC claims another scalp in ongoing BigUn investigation
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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.