Greensill Bank to avoid asset seizure for now as Australian creditors named

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A judge has allowed a German bank owned by Greensill Capital, which owes creditors over $1.75 billion, to temporarily avoid seizure of its assets as the bank seeks to have its German insolvency proceedings recognised in Australia.

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HWL Ebsworth docs sought by ANZ whistleblower could contain ‘golden nugget’, judge says

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A judge has ruled that a former ANZ trader who alleges he was fired after complaining about rate-rigging at the bank can amend his lawsuit after separate proceedings that accuse law firm HWL Ebsworth of withholding his client file are resolved, saying the HWL documents could contain a “golden nugget”.

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Litigation funder not on hook for costs in failed Airservices class action

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The litigation funder that backed a dismissed employment class action against aviation service provider Airservices Australia has successfully argued that it should not bear the company’s costs of defending the case

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Virgin faces TWU action for standing down ground crew workers

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Virgin Australia is facing legal action from the Transport Workers Union which says the airline was not experiencing the necessary work shortage when it stood down some of its ground crew staff after the federal government’s Jobkeeper wage subsidy came to an end over the weekend.

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IP Australia on the Rolling Stones’ side in trade mark battle over ‘Jagger & Stone’

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The Rolling Stones has successfully opposed registration of the ‘Jagger & Stone’ clothing trade mark in Australia, with a delegate finding the name was designed to “springboard” off the UK rock band’s worldwide fame.

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JM Kelly’s negligence case against former accountant should go to trial, judge rules

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A judge has refused to summarily dismiss proceedings by collapsed construction group JM Kelly against its former accountant, finding it was an issue for trial whether he caused the company to continue operating despite financial issues leading to its liquidation.

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‘Millions of dollars of cash in bags’: Cryptocurrency trader wins lawsuit against fraudster

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A cryptocurrency trader has won judgment of over $1.96 million in a NSW Supreme Court lawsuit against companies owned by a convicted fraudster over a deal involving “millions of dollars of cash in bags and suitcases” and a settlement that was reached and then ignored.

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ANZ admits flex commission dealers ‘encouraged’ to offer loans with interest above base rate

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Banking giant ANZ, which is facing a class action over a flex commissions scheme by its former car finance business, has admitted that the calculation of car dealers’ commission was aimed at encouraging loans with interest above a “base rate”.

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Four months out from trial in 20-year-old trade mark spat, judge won’t add defendant

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A judge has denied an application by industrial filter manufacturer Laminar Air Flow to add a new respondent in a long-running trade mark dispute against rival Vokes Ltd, with a judge finding the company had provided no explanation as to why the bid was made just four months before trial.

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