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Burford Capital has come under fire by a US short-seller which claims the litigation funder has engaged in misleading accounting practices and is a “poor business masquerading as a great one”.
Gaming regulator launches inquiry into James Packer’s Crown shares sale
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The NSW Independent Liquor & Gaming Authority will hold a public inquiry with the powers of a royal commission to examine James Packer’s proposed sale of Crown Resorts shares to gaming mogul Lawrence Ho’s Melco Resorts & Entertainment.
ACCC flags competition concerns about Bis-Cougar Mining deal
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The competition regulator has raised concerns about Bis Industries’ proposed acquisition of Cougar Mining Group, saying the threat of new competitors appeared unlikely to significantly constrain the combined company.
APRA hits Westpac with $1.5M fine for breaching reporting obligations
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Westpac and two of its subsidiaries have been hit with a $1.5 million penalty by the Australian Prudential Regulation Authority for failing to meet their reporting obligations.
No whey: ACCC airs concerns about Saputo bid for Lion’s Tassie cheese business
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The Australian Competition and Consumer Commission has raised concerns about a proposed acquisition by Canadian dairy producer Saputo of competitor Lion Dairy’s cheese processing plants, saying the deal could substantially lessen competition in Tasmania.
Lendlease points finger at shareholders in class action defence
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Construction giant Lendlease has filed its defence in one of two shareholder class actions filed against it, saying any losses investors allegedly suffered were wholly or partly due to their own failure to take reasonable care.
Viagogo ordered to hand over slew of financial docs ahead of penalty hearing
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The Australian Competition and Consumer Commission has won its bid for a year’s worth of financial statements from Viagogo, after successfully arguing the online ticket reseller’s financial position was needed to determine an appropriate penalty for its violations of the Australian Consumer Law.
HealthEngine accused of hiding negative reviews, selling patient data to insurers
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Online healthcare platform HealthEngine is facing legal action by the Australian Competition and Consumer Commission, accused of hiding 17,000 negative reviews, altering thousands of other reviews and selling patient’s personal data to insurers.
Innovation patents phase out: What you need to know
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The Australian federal government’s proposed legislation to abolish the innovation patent system, Australia’s second tier patent system, was introduced into parliament on July 25. Here, Griffith Hack’s Dr Malcolm Lyons and Dr Justin Sweetman tell you what you need to know about the Intellectual Property Laws Amendment (Productivity Commission Response Part 2 and Other Measures) Bill 2019.
Power giant AGL taken to court by energy regulator over South Australia blackout
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The Australian Energy Regulator has launched legal action against energy giant AGL and three wind farm subsidiaries over a statewide blackout in South Australia three years ago.