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Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.
Construction PRO
The judge overseeing a case by the liquidators of real estate investment firm Global Capital Property Fund won't allow two GCPF directors to appear on behalf of related companies named in the case, saying they would not be able to act “independently and objectively”.
Another Coles manager has faced questioning in a case alleging the supermarket giant's 'Down Down' campaign was illusory, admitting the "only reason" for a four-week price jump on quince paste was to enable a discount.
Newcastle University has hit back at a class action over an unaccredited engineering degree, saying students can still get jobs and it is a simple “administrative” task to become members of the professional body for engineers.
Construction PRO
Alcoa has been hit with a $55 million fine for clearing land in Western Australia's Northern Jarrah Forest without seeking approval, but environmental groups say the penalty is a slap on the wrist for the US mining giant.
The ACCC has outlined its enforcement priorities for the year, promising to crack down on misleading pricing by supermarkets, manipulative practices by digital companies and car companies that don't comply with consumer guarantees.
Alcoa has been hit with a $55 million fine for clearing land in Western Australia's Northern Jarrah Forest without seeking approval, but environmental groups say the penalty is a slap on the wrist for the US mining giant.
An oversight in a trade secrets fight between telcos SPN and Pennytel means the matter was never formally dismissed, making Pennytel's appeal premature in a set of circumstances a judge has described as a "joke".
Construction PRO
A judge has found that an ICC arbitration brought by Downer against Squadron Energy and a fellow contractor on the Murra Warra wind farm in Victoria was not validly commenced, upholding a hybrid arbitration clause in their agreement.
The ACCC has attacked the evidence at trial of a Coles manager who signed off on an alleged misleading discount on dog food, which was sold at a lower price just seven days earlier.