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Victoria's gambling regulator has hit Crown Resorts with a record $80 million penalty over its China Union Pay scheme, which allowed wealthy Chinese patrons to illegally access nearly $164 million in funds.
The ACCC has taken Mastercard to court for allegedly misusing its market power by giving major retailers discounted interchange rates in exchange for them agreeing to process their debit card transactions through Mastercard instead of the cheaper eftpos network.
The Australia and New Zealand Banking Group hit hundreds of thousands of customers with cash advance fees after providing them with incorrect account balances, and the Big Four bank has still not rectified the problem, ASIC alleges in new civil penalty proceedings.
The High Court has dismissed Crown Resorts’ bid for special leave to appeal in a $100 million dispute over GST assessments on commissions and rebates paid to tour operators that directed international VIP gamblers to two of its casinos.
Amazon has settled a lawsuit accusing the e-commerce giant of violating the Fair Work Act by refusing to give an applicant a job because was pregnant.
The Full Federal Court has rejected an Australian inventor’s appeal of a ruling that found three manufacturers of essential oil products did not infringe his patent because the oil was a “staple commercial product”.
Alleged war criminal Ben Roberts-Smith has won a bid to call a troop commander known as Person 81 in his defamation trial against Fairfax Media, despite the media company’s objections.
Air-conditioning giant Seeley is appealing a decision by IP Australia shooting down its bid to block a father-son team from registering their ‘Natural Cool Air’ trade mark.
Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm's disastrous $1.2 billion acquisition of UK insurance claims company Quindell.
Defunct financial advisory firm Dover Financial and its former director have taken ASIC to court seeking discovery as they mull a potential lawsuit against the corporate regulator.