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Over ‘intransigent’ ACCC, judge says Retail Food Group case can be decided with store sample
Competition & Consumer Protection 2022-08-19 11:20 pm By Sam Matthews

A judge has ordered that the ACCC’s case alleging Retail Food Group misled franchisees be run on a sample basis, saying the regulator’s opposition to the idea “smacks of a lack of confidence in its own case.”

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No hard time limit on criminal charges against ME Bank, prosecutors say
Financial Services 2022-05-18 1:09 pm By Christine Caulfield

Challenging a ruling that tossed half the charges brought against direct bank Members Equity, prosecutors have told an appeals court the ASIC Act does not impose a strict deadline for bringing a criminal case of misleading or deceptive conduct.

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Viterra to pay $168.9M for misleading Cargill during Joe White sale
Corporate 2022-02-17 2:05 pm By Cat Fredenburgh

Grain producer Viterra will be ordered to pay Cargill Australia $168.9 million after a judge found the Glencore-owned company  misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.

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Ill-fated cartel case shows ACCC should stay out of financial markets, ex-Deutsche Bank CEO says
Competition & Consumer Protection 2022-02-11 7:23 pm By Cat Fredenburgh

The CDPP’s decision to drop all criminal cartel charges against two banks and four individuals in a “test case” over a $2.5 billion ANZ share placement shows the ACCC “lacks expertise and objectivity” on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.

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Charges dropped in landmark criminal cartel case over $2.5B ANZ share placement
Competition & Consumer Protection 2022-02-11 11:03 am By Cat Fredenburgh

In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.

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In ME Bank case, ASIC argues clock doesn’t run on serious corporate crime
White Collar 2022-01-31 7:44 pm By Bianca Hrovat

The Australian Securities and Investments Commission is challenging a ruling that threw out half the criminal charges against direct bank Members Equity, arguing the statute of limitations doesn’t apply to serious corporate misconduct.

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Court finds Viterra engaged in deceit during $420M Joe White sale
Competition & Consumer Protection 2022-01-28 10:58 am By Cat Fredenburgh

Food giant Cargill Australia has won its lawsuit against Glencore-owned Viterra alleging it misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.

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Djokovic’s possible antivax influence ‘not fanciful’, Full Court says
COVID-19 2022-01-20 4:53 pm By Christine Caulfield

The influence of an unvaccinated “iconic world tennis star” on the young and impressionable was not fanciful, the Full Federal Court has said in reasons for throwing out Novak Djokovic’s challenge to his deportation from Australia.

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Djokovic to leave Australia after losing court battle over cancelled visa
COVID-19 2022-01-14 10:46 pm By Christine Caulfield

Tennis star Novak Djokovic’s challenge to the Immigration Minister’s decision revoking his visa was unanimously dismissed Sunday, clearing the way for his removal and crushing his hopes for another Australian Open title.

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Djokovic wins challenge to visa cancellation, judge orders his release
Immigration 2022-01-10 6:50 pm By Bianca Hrovat

The world’s No. 1 men’s tennis player Novak Djokovic has won a court challenge to the cancellation of his visa, with a judge ordering his immediate release from detention.

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