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ACCC chair Rod Sims has spoken out about the move by IVF provider Virtus to complete its planned acquisition of rival Adora before clearance from the watchdog, saying the situation showed the need for merger review reform.
The competition regulator has filed court action seeking an injunction to stop Virtus Health from completing the purchase of rival Adora Fertility on Friday while a merger review is still in progress.
Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ's $2.5 billion capital raising six years ago.
The Australian Securities and Investments Commission has launched court proceedings against superannuation trustee Diversa for allegedly failing to take appropriate action in response to a financial advisor who was under investigation.
Dick Smith's former CFO will appeal a $43 million judgment in favour of National Australia Bank over his role in the retailer's collapse.
A law firm representing a property developer in an investigation of a potential class action against failed asset manager Blue Sky Alternative Investments is seeking access to the firm's insurance documents to decide whether it is "worthwhile" to launch proceedings.
A judge overseeing a case brought by the former boss of Nuix has taken the embattled technology company to task for failing to comply with court orders that it file evidence by the end of last week.
EY has reached an in-principle settlement in a case brought by Melbourne-based joint venture Shepparton Partners Collective alleging the consulting giant was negligent, but the firm copped a dressing down from a judge on Thursday for asking him to keep its motion to toss the case on ice.
The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.
The ACCC has given the OK to the proposed merger of BPAY, eftpos and the New Payments Platform, saying competition between the three payment system companies was marginal and that "strong competitors" would remain after the union.