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Woolworths faced loss of status with Mastercard if it used EFTPOS, trial told
A trial judge has heard that Mastercard's top Australian executives discussed stripping Woolworths of strategic merchant status if the supermarket giant routed customer transactions through the cheaper EFTPOS network.
‘This is huge’: Mastercard’s anxiety about EFTPOS revealed at trial
Mastercard's Australia boss was anxious to sign a deal with Woolworths on payments processing after learning that Coles had chosen to route all debit transactions through the cheaper EFTPOS network, a court has heard.
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Judge calls for rules committee to settle issue of liquidator joinder bids
Granting a joinder bid in an unfair preferences case over the failure of carpentry firm Empryl, a judge has urged the Federal Court's rules committee to resolve a question hanging over liquidators seeking to bring proceedings against multiple defendants.
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Trial set in $55M defects cases over Port Botany logistics centre
Making good on his threat to case manage the litigation with an "iron fist", a judge has set a trial date for early next year in four cases over the Port Botany Enfield Intermodal Logistics Centre.
Judge calls for rules committee to resolve ‘procedural vulgarity’
A judge has urged the Federal Court's rules committee to settle a question hanging over liquidators seeking to bring unfair preferences proceedings against multiple defendants.
Cor Cordis resists discovery of WIP valuation docs in ex-chair’s case
Insolvency firm Cor Cordis has argued the "inordinate" task of producing WIP valuation documents in former chair Bruno Secatore's case should wait until the pleadings have been finalised and security determined.
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Clifford Chance, Kennedys elevate partners with real estate, infrastructure chops
As part of their global partnership promotions, Clifford Chance and Kennedys have elevated three Australian lawyers with expertise in real estate, infrastructure, and property insurance.
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Builder Rawson wins court battle over option deed for residential project
A Rawson Group unit has successfully argued that it was entitled to rescind an option deed to buy land in the Southern Highlands of NSW after the soil was classified as a “problem” that posed real risks of increased building costs.
‘None of it strikes me as nefarious’: Judge puts ACCC’s Woolworths case to the test
A judge has again voiced doubts about the ACCC's misleading conduct case over Woolworths' 'Prices Dropped' campaign, probing counsel for the regulator at length on Thursday about how the claims stack up.
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AirTrunk to invest $4.2B on Malaysian data centres
Australian data centre platform AirTrunk has announced it will invest $4.2 billion to build two new data centres in Malaysia.