The government of East Timor will appeal a Victorian Supreme Court judgment dismissing its application to throw out a case brought by oil and gas firm Lighthouse Corporation over a failed fuel supply agreement.
Potential new entrants to a major freight terminal in Queensland will be “better protected” by a last-minute promise by the terminal’s hopeful owner, Pacific National, than if the ACCC had succeeded in blocking the rail operator’s proposed $205 million acquisition, according to the judge who dismissed the competition watchdog’s case.
The Australian Competition and Consumer Commission has suffered a major defeat in its challenge to Pacific National’s proposed $205 million acquisition of competitor Aurizon’s Queensland freight terminal, with a judge saying he was appeased by a last-minute promise from Pacific that it would not block third parties from accessing the terminal.
Judgment is expected next week in the Australian Competition and Consumer Commission’s case against Pacific National alleging the rail company made an anti-competitive bid for Aurizon’s Acacia Ridge Terminal and intermodal freight business.
The Democratic Republic of East Timor has lost its bid to dismiss a lawsuit brought by oil and gas firm Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement, with a judge finding the court has jurisdiction to hear the case after an ICSID panel declined to arbitrate the dispute.
US-toy giant Mattel has reached a settlement in a Federal Court case alleging its Mecard toys infringed on a patent for a toy transformation mechanism owned by Canadian toy company Spin Master.
Two generic pharmaceutical companies, Generic Partners and Apotex, have filed cross-claims alleging that Neurim Pharmaceuticals’ patent for its insomnia drug Circadin is invalid and should be revoked.
A 2014 bushfire sparked by a termite-infested electrical pole that destroyed 57 homes was the fault of sub-contractor Thiess Services and the owner of the land on which the pole sat, a court has found.
The Australian Securities and Investments Commission has won its bid to appoint liquidators to solvent landbanking company Aviation 3030, with a judge saying ASIC’s public-interest case for the scheme’s winding up was “overwhelming”.
A name partner at law firm Tucker & Cowen and the firm itself have lost their bid for summary dismissal of a lawsuit brought by the receiver of failed fund manager Equititrust seeking to recover $17.5 million allegedly acquired through deceptive means.