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ACCC battles Mastercard, major companies over suppression bids
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.
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Morisson’s UTA takes full stake in Sydney Desalination Plant
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.
Melbourne Rebels directors grilled on ‘startling’ inability to explain tax case
A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.
ASIC sues super trustee over $300M investment in First Guardian fund
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital's failed First Guardian Master fund.
Meta says ACCC has ‘fundamental’ misunderstanding in scam ads case
Facebook owner Meta has argued the Australian Competition and Consumer Commission has “misallocated responsibility” in its three-year-old case over scam cryptocurrency ads on the social media platform.
First Guardian CIO wants to sell Tucker, Gleeson paintings to pay lawyers
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees. 
NBL defeats preliminary discovery case by Illawarra Hawks, Melbourne Phoenix
A judge has stayed a bid by the Illawarra Hawks and Melbourne Phoenix basketball clubs for preliminary discovery to determine whether to pursue claims against the National Basketball League.
Telegram drops challenge to $1M eSafety fine for reporting delay
Encrypted messaging app Telegram has withdrawn its court challenge to a $1 million fine issued by eSafety, a move welcomed by the online regulator on Thursday.
Johnson Winter Slattery nabs partners from MinterEllison, White & Case
Johnson Winter Slattery has beefed up its disputes practice, snagging two partners from rivals MinterEllison and White & Case.
AGN must detail reasonable grounds for ‘Love Gas’ ads, ACCC says
In its case accusing Australian Gas Networks of greenwashing with ads promising gas was “becoming renewable”, the consumer regulator is pushing the company to identify who it says had reasonable grounds for the statements.