Citigroup has agreed to refund $3 million to 114 customers that suffered losses stemming from investments in complex financial products, after ASIC raised concerns that some of the customers may have thought they were getting personal rather than general advice.
Australia’s largest intellectual property services firm IPH will maintain its dominance after winning a takeover battle for Xenith IP, a deal that will create a formidable IP services giant with over 1,000 employees across Asia Pacific.
US lingerie company Victoria’s Secret has reached a settlement in a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products.
Melbourne-based pub and music venue The Corner Hotel has filed a trade mark lawsuit against a jazz club formed in partnership with iconic New York club Birdland, as it continues to do battle with McDonald’s for allegedly infringing its “Corner” trade marks.
The Federal Parliament has passed laws that impose stricter penalties on company directors that try to shirk their duty to pay employee entitlements during an insolvency.
Social media companies will face criminal penalties for failing to promptly remove live-streaming of violent content under a harsh new law that whisked through the Federal Parliament in the wake of the Christchurch terrorist attack, but the world-first law has been slammed by Australia’s peak legal body.
Container stevedore companies DP World Australia, Hutchison Ports Australia and Victoria International Container Terminal have agreed to change their standard form contracts with land transporters after the ACCC raised concerns that some terms of the agreements may violate the Australian Consumer Law.
Ultra Tune is challenging a court ruling that socked it with a $2.6 million penalty in a case brought by the Australian Competition and Consumer Commission alleging it misled a prospective franchisee about the costs of buying an outlet in Parramatta, Sydney and tried to cover up its conduct with “manufactured” evidence.
Right of entry permits will soon be issued in photo ID format, in an effort to curb what the Federal Government has called abuse by “militant” union officials.
The Federal Court has been given exclusive jurisdiction over white collar criminal matters, with an additional $35 million in funding coming its way to mange the expanded caseload.