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ACCC flags competition concerns over $1.2B Port of Geelong acquisition
Competition & Consumer Protection 2022-03-31 1:54 pm By Cat Fredenburgh

The ACCC has expressed preliminary concerns that Spirit Super and Palisade Investment Partners’ proposed $1.2 billion acquisition of the Port of Geelong could substantially lessen competition in Victoria for the supply of bulk cargo port services.

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High Court won’t hear ALP members’ challenge to federal takeover of election
High Court 2022-03-31 10:49 pm By Cat Fredenburgh

The High Court has declined special leave to members of the Victorian Labor party to challenge a judge’s finding that the pre-selection of ALP candidates in Victorian electorates by federal administrators during their takeover of the state party was lawful.

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Opal Tower engineer takes insurers to court over class action coverage
Insurance 2022-03-30 1:50 pm By Cat Fredenburgh

The structural engineer behind Sydney’s Opal Tower has taken builder Icon’s insurers to court, arguing they should cover its costs in a class action brought on behalf of residents of the ill-fated building and related litigation.

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Star hit with shareholder class action over money laundering compliance
Securities 2022-03-29 5:09 pm By Cat Fredenburgh

Star Entertainment Group has been hit with a shareholder class action for allegedly painting itself as the “cleanskin” of the gambling industry despite alleged lax compliance and links to money laundering and organised crime, amid a damning public inquiry by the gambling regulator that has led to the resignation of its CEO.

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ACCC says agreement to settle Revlimid patent suit could violate cartel laws
Intellectual Property 2022-03-23 2:53 pm By Cat Fredenburgh

The ACCC has refused to authorise a patent settlement and license agreement between Bristol-Myers Squibb unit Celgene and two generic drug makers who sued to invalidate the patents for its blockbuster cancer drug Revlimid, saying it could distort competition between generic drug makers.

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Corestaff group members would get less than half of $6.4M settlement if funder seeks 35% cut
Class Actions 2022-03-23 11:46 am By Cat Fredenburgh

Group members in a class action by Papua New Guinea workers against labour hire firm CoreStaff would get less than half of a $6.4 million settlement if the funder that backed the case seeks a common funder order for a 35 per cent commission.

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High Court to hear Spain’s sovereign immunity claims in $375M arbitration dispute
High Court 2022-03-23 10:23 pm By Cat Fredenburgh

The High Court has agreed to weigh in on whether an Australian court’s recognition of a $375 million international arbitration award against the kingdom of Spain violated the sovereign immunity doctrine.

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Qantas hit with $72M suit over cuts to catering services during COVID-19 pandemic
COVID-19 2022-03-22 10:19 pm By Cat Fredenburgh

An Emirates-owned provider of in-flight catering services has taken Qantas to court claiming it’s owed $72.5 million after the airline cut its services during the coronavirus pandemic.

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Tech companies to be held accountable for disinformation under new laws
Media 2022-03-21 10:41 pm By Cat Fredenburgh

Tech companies will be held responsible for harmful disinformation and misinformation on their platforms under new laws that will be introduced in the second half of the year.

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No more jail time for ex-Kleenmaid director labelled ‘a man of greed’ by judge
White Collar 2022-03-21 1:01 pm By Cat Fredenburgh

The founder of whitegoods distributor Kleenmaid, who won a retrial after being sentenced to nine years for fraud and insolvent trading, will not spend any more time in jail after being resentenced by a judge who called him “a man of greed”.

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