Insurance
ACCC won’t approve IAG’s $1.3B takeover of RACWA
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA's insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
Intellectual Property
High Court sides with Bed Bath ‘N’ Table, says Full Court ‘conflated’ TM, consumer laws
The High Court has unanimously granted home retailer Bed Bath N’ Table’s appeal of a ruling that retailer House did not engage in misleading and deceptive conduct in setting up its Bed & Bath stores.
Class Actions
Detention class action wants case revived, says High Court ruling misunderstood
The applicant in an immigration detention class action that was discontinued four years ago wants to revive the proceedings, arguing the solicitors and the court misunderstood a High Court decision as dooming the case.
Class Actions
7-Eleven class action members challenge settlement payout
Four group members in a franchisee class action against 7-Eleven that settled for $98 million in 2022 are seeking court review of the amounts they were awarded under the settlement scheme.
Healthcare
Mayne says Cosette did not validly terminate merger
Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.
Tax
Melbourne Rebels directors grilled on ‘startling’ inability to explain tax case
A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.
Social Media
World-first social media ban for kids under 16 comes into force
A world-first law banning kids under 16 from accessing social media platforms has gone into force, with the eSafety commissioner vowing to publish a report card on compliance by the end of the year.
Business of Law
Gilbert + Tobin bolsters disputes practice with partner from Jones Day
Gilbert + Tobin has poached a litigation partner from Jones Day, strengthening the law firm's blue ribbon disputes practice.
Tax
ATO scolded for ‘tax now, ask questions later’ pursuit of Kupang director’s debt
A judge has found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him, with a judge skewering the tax office for instituting a “policy of wilful blindness” in pursuit of the debt.
Business of Law
King & Wood Mallesons to split China, Australia operations
King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair's merger created one of the world's largest global law firms.
