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Black & White Cabs loses injunction bid in misuse of market power case
Competition & Consumer Protection 2019-03-12 12:33 pm By Miklos Bolza

National taxi company Black & White Cabs has failed in its bid for a court-ordered injunction forcing Regent Taxis to supply booking and dispatch services to its Gold Coast fleet while the cab companies litigate a case alleging Regent is abusing its market dominance in the region.

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Liquidator loses appeal to block evidence as ATO aims at 10 year ban
Restructuring & Insolvency 2019-03-11 8:47 pm By Christine Caulfield

An appeals court has dismissed a challenge by Veritas Advisory principal liquidator David Iannuzzi to the admissibility of evidence submitted by the Australian Taxation Office in the agency’s case seeking compensation and a 10-year ban.

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Commonwealth Bank wants to shut down one of two rival class actions
Class Actions 2019-03-11 8:21 pm By Miklos Bolza

The Commonwealth Bank of Australia has launched a bid to stay a shareholder class action brought by boutique law firm Phi Finney McDonald after the firm retreated from a plan to consolidate its case with a competing class action run by rival Maurice Blackburn.

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ASIC slams banks for ‘unreasonable’ delays in fees-for-no-service reviews
Financial Services 2019-03-11 3:24 pm By Cat Fredenburgh

Most of the country’s major financial institutions have still not conducted a systemic review of their fees-for-no-service failures, according to ASIC, which called the delays “unreasonable”.

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Bellamy’s keeps up fight for cost capping in joint class actions
Class Actions 2019-03-11 12:23 pm By Christine Caulfield

Baby food maker Bellamy’s is not giving up its fight to limit the costs of two shareholder class actions against the company, lodging an appeal of a ruling that shut down its cost-capping bid as premature.

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Clayton Utz hands over AMP docs to ASIC, ending legal stoush
Financial Services 2019-03-08 11:07 pm By Christine Caulfield

Legal action brought by the corporate regulator over withheld documents at the centre of an investigation into AMP’s fees for no service conduct has settled, with law firm Clayton Utz producing the evidence on Thursday.

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Court lifts injunction, allows Allianz Stadium demolition to begin
Construction 2019-03-08 10:19 pm By Cat Fredenburgh

The NSW Land and Environment Court has shot down attempts to further delay demolition work as part of the $729 million redevelopment of Sydney’s Allianz Stadium.

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BASF appeals ruling over Lubrizol fuel additive patent
Intellectual Property 2019-03-08 9:13 pm By Miklos Bolza

Chemical giant BASF is appealing an IP Australia ruling that allowed US-based Lubrizol Corporation to amend certain claims of its patent for an improved fuel additive.

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Doctor taped meeting where Ramsay Health unit CEO made alleged threats, trial hears
Competition & Consumer Protection 2019-03-08 4:50 pm By Cat Fredenburgh

A surgeon who was considering opening a health clinic in Coffs Harbour, NSW recorded one of the meetings central to the competition watchdog’s action against Ramsay Health, in which alleged anti-competitive threats were made by a CEO of two Ramsay units, a court has heard. 

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Class members waited too long to appeal Great Southern MIS settlement, court rules
Class Actions 2019-03-07 4:59 pm By Christine Caulfield

An appeals court has dashed the hopes of three group members of a resolved class action over managed investment schemes operated by agribusiness Great Southern Group who sought more time to appeal approval of the settlement deed, which put them on the hook for repaying their loans to Bendigo and Adelaide Bank.

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