ACCC weighs ‘mix and match’ sell-off in Cargotec, Konecranes merger

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The Australian Competition and Consumer Commission is weighing court enforceable undertakings proposed by Finnish cargo handling companies Cargotec and Konecranes to alleviate concerns their merger would be anticompetitive.

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Mesoblast faces fresh class action investigation over stem cell therapy claims

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A second class action investigation against regenerative medicine company Mesoblast is underway, this one looking at claim it misled shareholders about the potential application of a developmental stem cell product to treat terminally-ill children.

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PepsiCo takes ATO to court for taxing bottling payments by Schweppes

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PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.

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Senator Matt Canavan’s brother can probe claims against Glencore

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The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.

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Lawyers plan second class action against Scenic Tours over disrupted European cruises

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Scenic Tours is facing a potential second class action over a series of European cruises that went ahead in 2018 despite a record-breaking drought that saw river levels drop so low they became impassable.

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Wotif founder ordered to pay $15M in aquaculture share dispute

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Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.

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Hall & Wilcox boosts finance, corporate expertise with hire of Reserve Bank deputy GC

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Hall & Wilcox has lured a senior finance, corporate and regulatory lawyer from the Reserve Bank of Australia, in what is being described as a major coup for the practice.

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