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Coles, Woolworths to face $10M fines for price-gouging under new rules
Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.
Construction PRO
Ashurst advises lenders on Potentia Energy’s $830M refinancing
Ashurst has advised a syndicate of lenders on the $830 refinancing of Potentia Energy's national portfolio of renewables assets.
ANZ sued by former CEO Shayne Elliott over $13.5M bonus
ANZ is facing a lawsuit by former CEO Shayne Elliott alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Mayne says it’s not on hook for break fee over failed Cosette merger
Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 million merger agreement and that it is therefore not on the hook for a break fee.
AMP to pay $29M to settle another royal commission class action
AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from "serious misconduct" that came to light curing the 2018 banking royal commission.
IAG to fight regulator’s rejection of $1.3B RACWA merger
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA's insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
Mayne says Cosette did not validly terminate merger
Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.
Gilbert + Tobin bolsters disputes practice with partner from Jones Day
Gilbert + Tobin has poached a litigation partner from Jones Day, strengthening the law firm's blue ribbon disputes practice.
Construction PRO
Far East Consortium sells stake in Ritz-Carlton Perth for $100M
Hong Kong-based Far East Consortium has sold a 50 per cent stake in the Ritz-Carlton Perth to Cayman Islands-based Generation Essentials Group for $100 million. 
King & Wood Mallesons to split China, Australia operations
King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair's merger created one of the world's largest global law firms.