The Big Four banks were trying to shore up their profits when they refused to pass on home loan interest rate cuts to consumers in full last year, an interim report of an Australian Competition and Consumer Commission inquiry has found.
Passengers on a European river cruise operated by Scenic Tours can claim damages for disappointment after they were forced to take buses for most of their luxury tour, the High Court has ruled.
Global law firm Jones Day has nabbed former Herbert Smith Freehills partner Matthew Bull to boost the ranks of its antitrust and competition practice.
A ruling Wednesday that struck down class closure orders — a device used by judges in class actions for the past two decades — has split the courts in Australia and is expected to head to the High Court.
A settlement between the ACCC and STA Travel has resulted in a penalty of $14 million after the court found the travel agency misled consumers about their ability to change flight dates and other travel details.
Global search giant Google will likely be forced to hand over details of an online reviewer’s identity to gangland lawyer Zarah Garde-Wilson so she can pursue defamation and misleading and deceptive conduct claims against the reviewer, which she alleges is a rival law firm.
Digital giants Google and Facebook will be required to pay for news content under a new mandatory code being developed by the Government to create a ‘level playing field’ in the Australian media industry, which is facing a sharp decline in advertising revenue driven by the coronavirus.
Defunct financial adviser Dover Financial has sued three separate law firms for allegedly negligent advice over a ‘client protection policy’ that the Federal Court found was misleading, deceptive and an “exercise in Orwellian doublespeak”.
Grain handling group Viterra has been denied a post-hearing bid to reopen a lawsuit brought by Cargill Australia over its $420 million acquisition of Joe White, with a judge finding the application would lead to “substantial disruption and delay”.
Ford has lost its bid to delay an upcoming virtual trial in a class action over allegedly defective PowerShift transmissions, with a judge saying the parties must try to make a virtual trial work because the current “unsatisfactory” circumstances caused by the coronavirus pandemic could continue for a year or more.