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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
Competition & Consumer Protection 2024-10-30 11:06 pm By Cat Fredenburgh

ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.

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Judge rejects franchisees’ ‘colourable’ cross-claims against United Petroleum
Franchises 2024-10-29 11:34 pm By Sam Matthews

United Petroleum will not face cross-claims by franchisees, with a judge calling the bid “a very colourable application” to create overlap with a class action in the Supreme Court.

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Salter Brothers sues insurer to cover $3.5M in costs to defend client’s lawsuit
Insurance 2024-10-29 11:38 pm By Cindy Cameronne

Investment manager Salter Brothers has sued XL Insurance, saying it has “unreasonably delayed” covering the costs of defending a former client’s lawsuit alleging misleading conduct.

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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AAI class action wants to press mandatory insurance claim at trial
Class Actions 2024-10-25 11:26 pm By Andy Sidler

A ‘junk’ insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim — absent a sample group member — that car dealers made purchasing a policy necessary for a loan.

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Accolade, Pernod Ricard tie-up goes down smoothly with ACCC
Competition & Consumer Protection 2024-10-25 12:53 pm By Cindy Cameronne

The ACCC has cleared Accolade’s proposed acquisition of Jacob’s Creek owner Pernod Ricard, finding it is not likely to substantially lessen competition in the supply of wine.

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Flex commissions class action judge says expert evidence not for his ‘comfort’
Class Actions 2024-10-24 11:30 pm By Cindy Cameronne

Expert evidence is not meant to “provide a judge with comfort”, a judge has found in rejecting evidence from two experts in flex commissions class actions against Westpac and Macquarie.

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ACCC raises concerns about Qube’s plan to buy Melbourne terminal operator
Corporate 2024-10-24 12:41 pm By Cindy Cameronne

Qube’s proposed acquisition of the Melbourne International Roro & Auto Terminal could prevent rivals from competing effectively, the ACCC has said.

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Coles, Woolworths say ACCC’s dodgy discounts case ‘just misconceived’
Competition & Consumer Protection 2024-10-23 11:29 am By Cindy Cameronne

Coles and Woolworths have hit back at the ACCC’s claims they advertised “illusory” discounts, pointing the finger at inflation and higher supply costs.

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INPEX can cross-examine AkzoNobel’s lawyers over ‘inadequate’ discovery
Energy & Natural Resources 2024-10-23 11:14 pm By Cindy Cameronne

INPEX has won a bid to cross-examine AkzoNobel’s solicitors about discovery at the end of an 11-week trial over allegedly defective paint used on the $45 billion Ichthys natural gas project. 

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