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Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.
The corporate watchdog has imposed additional conditions on Macquarie Bank's financial services licence, citing multiple and significant compliance failures.
Downer EDI subsidiary Spotless has rejected allegations it engaged in price-fixing with Ventia on defence contracts, saying the facilities services companies were not in competition with each other.
Famed restaurant chain Momofuku has lost its challenge to the ‘Momofuku’ word mark of instant noodle giant Nissin, with IP Australia finding consumers were not likely to be deceived or confused because of the different goods and services provided by the two companies.
Hungry Jack's has paid over $150,000 in penalties for allegedly breaking the Australian Consumer Law by failing to comply with button battery standards with its 'burping Garfield' kids meal toy.
Sarah Proudfoot has been appointed as the CEO of the Australian Competition and Consumer Commission after leading the commission's National Anti-Scam Centre.
The competition regulator has opened an informal review into whether competition issues would arise should French dairy company Lactalis make a play for the assets of New Zealand dairy cooperative Fonterra which are up for sale.
Mayfield Development's competition case against NSW Ports over agreements to privatise two ports has made it to the High Court, with the developer pressing its argument that derivative Crown immunity did not apply to the port authority.
King & Wood Mallesons has made a key hire, luring a competition pro who worked on the ACCC's merger reform team just months before a new mandatory merger review framework is set to take effect.
The ACCC has won court approval to bring claims against two companies in liquidation alleging they engaged in unconscionable and misleading conduct in the sale of printing cartridges and cleaning chemicals.