Judge halts Kraft-Bega arbitration in US while Aussie case proceeds

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A judge has granted Bega’s request to halt US arbitration proceedings between the Australian food maker and Kraft over peanut butter trade dress rights until a related case in Federal Court is resolved.

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Judge apologises before sending ABC defamation case to mediation

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A defamation case against the Australian Broadcasting Corporation by Nauru’s Justice Minister David Adeang that was set down for trial in July has been sent to mediation by a busy Federal Court judge, who said he would not be available to hear the trial for another year.

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ASIC gets new powers amid shock admissions at Royal Commission

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Banks face increased fines for corporate wrongdoing under reforms that also boost the powers of the watchdog amid stunning admissions by financial services firms at the Banking Royal Commission.

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AMP chief quits amid scandal, board hires King & Wood Mallesons

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AMP’s chief executive Craig Meller has resigned after this week’s shocking revelations that the company misled ASIC over fees charged to customers and may have influenced a Clayton Utz report to the securities regulator.

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ACCC delays decision on MYOB, Reckon merger

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The ACCC has delayed it decision on MYOB’s proposed bid for Reckon’s accounting unit while it waits for information, after the regulator raised concerns about how the merger would affect competition in the accounting software market.

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ACCC should ‘have another look’ at AGL’s Liddell plans, says MP

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Calling on the competition chief to “have another look” at AGL’s decision to shutter its Liddell plant, Liberal MP Craig Kelly says the power company’s conduct makes for a clear case under the new misuse of market power provision of Australia’s competition law. 

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“I’m at the end of my tether”: Ford class action judge vents

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A Federal Court judge has criticised the lack of progress in a major class action brought against Ford Australia, telling the applicant’s barrister to “get his act together”.

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