The ACCC has raised competition concerns about the proposed acquisition of Benedict Recycling by its “closest competitor” Igneo Infrastructure Partners, a subsidiary of Australian asset management giant First Sentier Investors.
The ACCC has approved a deal that will see the assets of a unit of materials giant BGC Group sold to Cement Australia, Holcim, Heidelberg Materials Australia and Adbri, after worrying an initial proposal could affect the supply of ready-mix concrete in the Perth area.
Homegoods retailer Harvey Norman is facing a class action by customers who paid more than they bargained for after being enticed by ‘interest free’ ads which the Federal Court has found to be misleading.
A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an “inordinate and disproportionate amount of the judicial and administrative resources of the court”.
Saint Gobain-owned CSR has hit back at building insulation distributor Consolidated Energy’s claims it engaged in anti-competitive conduct by increasing its prices during COVID-19, saying the cost increases were due to events beyond its control.
A judge has signed off on a $13.5 million penalty agreed to by retailer The Good Guys for making misleading statements about store credit and StoreCash schemes to customers.
Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.
The applicant in a class action by former RAMS franchisees can’t intervene in proceedings by ASIC against the defunct Westpac mortgage unit, with a judge finding the outcome of the ASIC case will not affect the class action.
Job listings giant Seek has hit back at claims by Employment Hero that its decision to cut access to its platform was a breach of competition laws, saying the start-up has misused Seek’s data to launch a competing service.
The competition watchdog has raised concerns that IAG’s proposed $1.35 billion acquisition of the RACWA’s insurance operations could substantially lessen competition.