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Peters served with $12M penalty for exclusive dealing
Peters Ice Cream has been hit with a $12 million penalty after admitting to entering an anti-competitive exclusive agreement for distribution of its single serve ice creams to service stations and convenience stores across Australia.
PwC can’t claim privilege over all advice to JBS, judge finds
A judge has rejected the Australian Taxation Office's claim that legal professional privilege does not apply to any communications between PricewaterhouseCoopers and its client, meat processor JBS, but has found that many of the reviewed documents do not satisfy the test of privilege.
SingTel can’t salvage $190,000 in transfer pricing deductions on $14.2B Optus buy
SingTel has been blocked from making $190,000 in tax deductions after the Australian Taxation Office won its Federal Court case against the Singaporean teleco over transfer pricing benefits related to the $14.2 billion acquisition of Optus.
IAG appeals to High Court, says JobKeeper should offset any COVID-19 payouts
While mostly prevailing in test cases over coverage for COVID-19 business interruption claims, Insurance Australia Group has asked the High Court to weigh in on what it says is a "radical" approach by an appeals court in the treatment of JobKeeper payments.
AMP to face penalty in ASIC’s fees-for-no-service case
AMP has admitted to contraventions and will face a penalty in ASIC proceedings over fees-for-no-service conduct that allegedly led to upwards of $600,000 being unlawfully withdrawn from superannuation member accounts.
Deloitte foreshadows new privilege battle in Hastie class action
Another fight over privilege may be on the cards in a shareholder class action over the collapse of the Hastie Group, with Deloitte flagging its partners may claim privilege over certain parts of the accounting giant's evidence.
Noumi to foot Blue Diamond’s legal bill as part of $48M settlement
Noumi, formerly known as Freedom Foods, has agreed to pay $860,000 in Blue Diamond Growers' costs as part of a $48 million settlement of a legal spat over a licensing deal to sell Almond Breeze milk, which the food maker unsuccessfully argued should be heard in Australia.
Insurers defeat appeals in COVID-19 business interruption test cases
An appeals court challenge by a group of small businesses seeking coverage under business interruption insurance policies for losses flowing from COVID-19 restrictions has largely failed.
High Court to hear BHP challenge to foreign investors in class action
BHP Group has been granted special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
Insurer has second crack at dodging doctor’s class action defence costs
Avant Insurance has challenged a Federal Court judge’s interpretation of the Insurance Contracts Act in its second attempt to avoid liability for the defence costs of a plastic surgeon named in a class action brought over botched breast augmentations.