PE Capital ordered into liquidation after running unregistered investment schemes

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A court has ordered the winding up of investment manager PE Capital Funds Management, whose responsible entity Endeavour Securities has connections to collapsed financial services company Linchpin Capital.

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Maddocks lures corporate specialists from Lander & Rogers, Herbert Smith Freehills

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Law firm Maddocks has bolstered its corporate practice with the addition of two senior mergers and acquisitions specialists, nabbed from Lander & Rogers and Herbert Smith Freehills.

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Top judge warns against making a villain of class actions

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As parliament weighs the latest Morrison government crackdown on class actions, the Federal Court’s chief judge has warned of “an ever present danger” of maligning the regime.

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High Court gives boost to gig economy, clarifies test for independent contractors

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The High Court has bolstered the position of businesses hiring independent contractors with two rulings clarifying the importance of the contract in determing the status of workers.

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Forum Finance director can’t block receivers from selling waterfront homes

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Forum Finance director Vince Tesoriero has lost a battle to stop receivers from selling luxury properties in which he and Bill Papas hold a stake pending the outcome of Westpac’s fraud case against him.

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Labor promises to take fight over religious discrimination bill to the Senate

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The Morrison government’s controversial religious discrimination bill passed after a marathon hearing in the House of Representatives on Wednesday, despite being widely criticized for privileging religious rights and freedoms at the expense of others.

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Bristol-Myers Squibb to open up cancer treatment program to settle Merck Sharpe & Dohme lawsuit

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Bristol-Myers Squibb has agreed to open up its subsidised treatment program for stage IV melanoma patients to individuals who have been treated with drugs made by its competitors to settle a misuse of market power lawsuit brought by rival Merck Sharpe & Dohme.

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Legal firm structure in the spotlight as new guidelines bite

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Lawyers will need to review their income arrangements in light of new tax guidelines that could expose them to greater ATO scrutiny, says Pitcher Partners executive director Ashley Davidson.

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Class action members guaranteed more than 70% in first case giving lawyers slice of the pie

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The first order allowing plaintiffs lawyers to take a cut of the proceeds of a class action will guarantee group members in a case against G8 Education at least 72.5 per cent of any recoveries — a notably higher percentage than the minimum legislated by a controversial bill before federal parliament.

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