The Australian Competition and Consumer Commission has taken the operator of the Jump! swim school franchise and its director to court for allegedly promising franchisees that it would hand over an operational franchise within 12 months of signing a franchise agreement when it had no reasonable basis for making the promise.
The clock is ticking on Commonwealth Bank’s search for a new general counsel, with the position still vacant two weeks before the bank’s current top lawyer’s planned departure, announced almost four months ago in the wake of the Hayne royal commission’s scathing final report into the banking sector.
The judge overseeing a dispute between Kraft and Bega over peanut butter trade dress rights has stayed orders barring Kraft from selling peanut butter in Australia featuring the disputed trade dress while it appeals its loss to Bega in the case.
ANZ Bank will repay in full customers who were charged fees for no service after the corporate regulator pulled the bank up on its practice of partially remunerating some clients as part of a remediation program.
Ernst & Young, which has been named in a class action over its auditing of sandalwood producer Quintis, has filed cross-claims alleging Quintis should pick up the tab for any liability it may face in the proceedings.
AIG Australia has failed to convince the Full Federal Court that an insolvency exclusion in a directors and officers policy held by Kaboko Mining should exempt it from covering claims brought by the collapsed mining company against four former executives after a failure to repay a US$5.95 million loan allegedly led to the company’s insolvency.
The Australian Competition and Consumer Commission has rejected a resale price maintenance plan by Meredith Dairy that would block resellers from selling its goat cheese products below a specified price, saying the potential harm to competition was not outweighed by any benefits.
AUSTRAC has ordered buy now, pay later giant Afterpay to appoint an independent auditor to oversee its compliance with anti-money laundering laws.
The Australian Competition and Consumer Commission has raised competition concerns about rural supply giant Landmark’s proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.
The Australian Competition and Consumer Commission has come up short again in its challenge to Pacific National’s $205 million acquisition of competitor Aurizon’s Queensland freight terminal, with a judge shooting down the regulator’s request for a variation of Pacific’s undertaking that it will not block third parties from accessing the terminal.