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.
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.
The competition regulator has cited the public interest in its misuse of market power case against Mastercard in fighting suppression applications by the credit card giant and its heavy-hitter customers, including Coles and Visa.
Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 merger agreement and that it is therefore not on the hook for a break fee.
A court has slapped private health insurer Bupa with a $35 million penalty after it admitted to misleading thousands of customers about their benefits for over five years.
Seasoned silk Gregory Sirtes SC has been appointed as a judge on the New South Wales Supreme Court after earning his stripes in complex construction litigation.
The developer of an apartment complex in Melbourne’s east can retain a $883,000 deposit from convicted fraudster Demetrios ‘James’ Charisiou’s real estate investment firm, which was found to have repudiated a contract over email.
United Petroleum is locked in a dispute with VicRoads over the agency’s management of contamination at two service stations leased by UP along the Westgate Freeway.
A court has granted an application for a development that will demolish part of a former Commonwealth Bank building in Sydney’s inner west to construct a co-living building.
Advised by Johnson Winter Slattery, Morrison-managed investment fund Utilities Trust of Australia has bought out a Canadian pension fund for full ownership of the Sydney Desalination Plant.