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ACCC approves Louis Dreyfus’ proposed acquisition of Namoi Cotton
The Australian Competition and Consumer Commission has approved France-based Louis Dreyfus' proposed acquisition of ASX-traded cotton gin operator Namoi Cotton, after accepting an undertaking that allayed its competition concerns.
ANZ senior execs under scrutiny in investigation over $14B bond sale
ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year. 
ASIC accuses COFCO of manipulating wheat futures markets
ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022. 
Merger law consultation kicks off with no word on threshold for ACCC review
The Treasurer has released draft legislation for an overhaul to Australia's merger review regime, but has not yet revealed the threshold for mergers that will need to be signed off on by the Australian Competition and Consumer Commission.
Investor class action can’t see Virgin’s advice from Herbert Smith Freehills
A judge has rejected arguments that Virgin Australia waived legal professional privilege over advice from Herbert Smith Freehills by claiming in a class action defence that it had a reasonable belief that statements in a prospectus for a $324 million capital raising were not misleading.
Former Big Un CFO doesn’t have to file defence in liquidators’ case
The CFO of former market darling Big Un, who has been charged with insider trading, has been excused from filing a defence or taking other procedural steps in the collapsed company’s case against its ex-directors. 
Gadens swallows Canberra firm to expand national footprint
Gadens has merged with Canberra firm Trinity Law, expanding the firm's national footprint and boosting its capacity to take on government work.
Mills Oakley snags corporate and ESG aces from KPMG, Hamilton Locke
Mills Oakley has lured a founding partner of Hamilton Locke and an environmental, social and governance lead from KPMG to join its Sydney team. 
Partner drops suit against Melbourne law firm over Slater & Gordon share sale
The managing partner of a leading plaintiff law firm has agreed to drop his case against a Melbourne law firm, which he claimed failed to properly advise him on an agreement that barred him from selling his shares in Slater & Gordon before the firm's share price plummeted in 2015. 
In first, court finds non-bank lender Firstmac breached DDO obligations
In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customers’ financial needs.