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Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons.
Mastercard made ‘strategic’ agreements with large retailers like Coles and David Jones to keep them from routing through EFTPOS, offering discounted exchange rates that left smaller businesses footing the bill, the ACCC told the court on the first day of trial.
Pitcher Partners has taken a former client to court, alleging it failed to pay a $1.3 million 'abort fee' after it withdrew from a proposal to sell the business.
The High Court has tossed a Mauritius company’s case seeking to enforce a $111.3 million arbitration award against India, finding the country's ratification of the New York Convention did not mean it had waived its immunity from the suit.
Construction PRO
A senior in-house lawyer at Dexus has rejected suggestions she was “careless” in her role in the sale of shares in Melbourne Airport operator APAC, saying she relied on a subordinate lawyer and others within the business.
Construction PRO
Lawyers assured two Dexus executives that it was OK to share the confidential information of Melbourne Airport operator APAC with proposed purchasers of the real estate asset manager's stake in the company, a court has heard.
Construction PRO
A judge has threatened to vacate the trial in Dexus’ case against Melbourne Airport operator APAC after all the defendants tried to file documents late, suggesting the lawyers may be hit with personal costs orders.
Construction PRO
Vietnamese airline VietJet has lost its bid to set aside a US$215 million judgment in favour of aircraft leasing company FW Aviation, in a dispute over a lease agreement for four Airbus A321 passenger jets.
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.
The corporate regulator has delivered a scathing report on exchange operator ASX, finding it has significantly under-invested in technology in favour of delivering short-term dividends to shareholders.