US cold storage giant Emergent Cold’s proposed takeover of rival Australian company AB Oxford faces scrutiny by the competition regulator, which has raised preliminary concerns that the deal would hike up prices and bring down service.
A judge has ordered a group of banks facing a competition class action over alleged foreign exchange rate-rigging to hand over documents they produced as part of settlement agreements in class actions in the US and Canada.
Global car rental company Europcar has been ordered to pay $350,000 in penalties, after admitting it charged more than 60,0000 customers excessive fees on Visa and Mastercard transactions.
The Australian Competition and Consumer Commission is preparing to launch five ground-breaking court cases against internet behemoths Google and Facebook, the regulator’s chair, Rod Sims, said Tuesday.
AFT Pharmaceuticals has challenged a Federal Court decision that found its Maxisegic ads were misleading and deceptive, saying the judge “set the bar too high” by requiring it to prove there was an adequate scientific foundation for its painkiller representations.
A trailblazing country lawyer who took out seven overdraft extensions to self-fund a landmark $100 million case in the early years of the federal class action regime has stepped back into the ring to run a new case on behalf of dozens of Australian farmers.
National car repair franchise Ultra Tune has argued in a Full Federal Court appeal that a $1.07 million penalty in an ACCC case was “manifestly excessive” because it was based on unintentional breaches of the Franchising Code of Conduct that were caused by tardy accountants and auditors.
Indonesian airline Garuda has failed in its bid to stay a $19 million penalty for its role in a fuel surcharge cartel after telling the Federal Court it has debts of $480 million, with a judge saying he would be allowing the company to trade while insolvent if he granted the stay.
The Full Federal Court is set to hear appeals in four class actions in the August sitting, giving the court a chance to address important issues, including cost-capping in joint class actions and security for costs in unfunded cases. Here, we give you the run-down on each of the upcoming challenges.
The competition regulator has raised concerns about Bis Industries’ proposed acquisition of Cougar Mining Group, saying the threat of new competitors appeared unlikely to significantly constrain the combined company.