Pacific National has defended a decision by a judge to accept an undertaking and rule against the ACCC in its competition case over the rail operator’s acquisition of a major freight terminal in Queensland, saying the ruling was structured with “commendable judicial economy”.
The judge who dismissed the ACCC’s challenge to Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal in Queensland had no power to accept an undertaking by the rail operator as an answer to the competition regulator’s case, an appeals court has been told.
The ACCC has raised concerns that the proposed tie-up of hardware store giant Bunnings Warehouse and family-owned Adelaide Tools and Oaklands Mower Centre will stifle competition.
Former Bellamy’s Australia director Jan Cameron has been charged by prosecutors after an ASIC investigation over her alleged failure to disclose her substantial stake in the organic baby food company.
Vodafone has won its case against the ACCC over its proposed merger with rival telecommunications company TPG, with a judge ruling the tie-up would not substantially lessen competition and had a real chance of becoming a “competitive force” against the two dominant players in the market, Telstra and Optus.
A McDonald’s franchisee has hit back at claims it threatened staff with cruel and inhumane working conditions by telling employees they could not go to the toilet during their shift outside a 10-minute paid break, saying the law doesn’t give workers the right to go to the bathroom whenever they want to.
Australian Finance Group’s proposed acquistion of rival Connective Group has raised red flags for the competition regulator, which says the tie-up would create Australia’s largest mortgage aggregator and could squeeze smaller players out.
With Victoria set to pass legislation permitting law firms to charge contingency fees, experts have raised fears of an exodus of class actions from other states and the federal system. But the Federal Court, which hears about two-thirds of Australia’s representative proceedings, is not likely to surrender easily.
The High Court’s recent ruling putting a stop to the practice of judges issuing common fund orders at the early stages of class action proceedings, while “not a good development”, wasn’t the end of the class action regime as we know it, a Federal Court judge has said.
An Adelaide lawyer has been awarded $750,000 in damages after suing a woman who gave him bad reviews on Google that sent 80 per cent of his clients packing.