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A judge on Wednesday issued his reasons for refusing a bid by a former Norton Rose Fulbright lawyer to move scheduled mediation of the case out of Sydney, and he didn’t pull any punches.
ACCC delays decision on Saputo, Murray Goulburn merger
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The Australian competition regulator has delayed its decision on the proposed $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn to consider feedback from market participants.
Biotech co. settles case over low-GI sugar patent claims
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Australian biotech company Holista Colltech has resolved litigation over ASX announcements that said it was collaborating with a Nobel Prize nominee to file a patent for the world’s first low-GI sugar.
CSIRO wins challenge to Rio Tinto patent
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CSIRO has won a challenge to an application for a mining patent filed by mining giant Rio Tinto, with an IP Australia delegate finding no patentable subject matter could be claimed.
House to weigh bill to give ASIC competition powers
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A measure to add competition concerns to the mandate of the Australian Securities and Investments Commission was formally introduced in the House on Wednesday.
New bill would make it easier to bring consumer class actions
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Private follow-on actions for consumer law violations will be easier to bring under a new bill introduced in the House on Wednesday, a potential boon to class action lawyers in Australia.
Report calls for stronger consumer protections for life insurance
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A joint parliamentary report released today blasted consumer protections for life insurance as weak, and called for an expansion of consumer protection laws to the life insurance sector and stronger enforcement powers for the Australian Securities and Investments Commission.
Reckitt can’t ban P&G TV ad in dish detergent dust-up
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Reckitt Benckiser Australia has lost a bid for an interim ban on a commercial by rival Procter & Gamble that claims Fairy Platinum dishwashing detergent is better than RBA’s Finish Quantum detergent, with a judge ruling the scientific evidence backs up the claim.
GetSwift hit with second shareholder suit
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Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
Cardtronics settles with ACCC over small business contracts
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ATM provider Cardtronics has agreed to change its small business contract, after the Australia’s consumer regulator found some of the terms of the contract were unfair.