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ACCC clears JBS Australia’s proposed $175M acquisition of Rivalea
The Australian Competition and Consumer Commission has given the green light to pork processor JBS Australia to proceed with its proposed $175 million acquisition of a Singapore-owned pig farm and abattoir business, despite competition concerns raised by pig farmers.
Virgin Australia tweaks COVID-19 vaccination policy to resolve union lawsuit
Virgin Australia has walked back part of its COVID-19 vaccination policy after the union representing aircraft maintenance engineers received hundred of complaints about the requirement that they provide their Individual Health Identifier as part of proof of their vaccination status.
Woodside hit with second lawsuit over $16.5B WA natural gas project
Woodside Energy has been sued over its $16.5 billion Scarborough gas field development, with an environmental group alleging the project's approval was invalid because the government of Western Australia failed to properly account for its impact on climate change.
CFMMEU cops $554,600 penalty for coercive worksite protests
The CFMMEU and two of its officers have been hit with a $554,600 penalty for allegedly using the union's “covert industrial muscle” to pressure a New South Wales crane company to bend to its bargaining demands.
Acciona may have ‘difficulty’ persuading court in spat over $696M Kwinana project
A judge has granted a 21-day stay of a lawsuit brought by Acciona, a Spanish infrastructure company seeking to use COVID-19 as a reason to back out of its construction contract for the $696 million Kwinana waste-to-energy plant, and has warned the company it faces a difficult task to persuade the court of its case.
Judge orders Employsure to pay $1M after ‘gagging’ at ACCC’s proposed sum
Specialist workplace relations consultancy Employsure has been ordered to pay a $1 million penalty over a series of misleading Google advertisements, a figure significantly lower than the $5 million sought by the Australian Competition and Consumer Commission.
Courtenay House former director duped hundreds in $196M Ponzi scheme, ASIC says
The former director of investment management fund Courtenay House is facing a slew of criminal charges after an investigation by the Australian Securities and Investments Commission allegedly revealed he duped 590 investors in a $196 million Ponzi scheme.
Singer Katy Perry accused of trying to ‘snuff out’ Aussie fashion designer
US pop star Katy Perry has been accused of using her “financial might” to “snuff out” the small business of an Australian fashion designer, as trial kicked off in a long-running intellectual property dispute over the rights to use the Katy Perry trade mark in Australia.
Norton Rose wins appeal against sacked partner, but faulted for ‘serious error in judgment’
Law firm Norton Rose Fulbright has won its appeal of a $160,000 judgment in favour of former partner Thomas Martin, with the Full Federal Court finding Martin’s allegations of deceit arose from “an excess of suspicion” and “causal connections of the most tenuous kind”.
AMP’s bid to declass insurance class action ‘antithesis’ of interests of justice, court rules
Financial services company AMP has lost its bid to de-class representative proceedings brought on behalf of 1.5 million insurance customers.