The Australian Competition and Consumer Commission has appointed an esteemed Herbert Smith Freehills competition partner who defeated some of the regulator’s most high-profile merger challenges to be a commissioner.
Money transfer business Vina Money Transfer and two of five individuals accused of fixing foreign exchange rates on millions of dollars transferred between Australia and Vietnam will plead guilty to criminal cartel charges, a court has heard.
The Australian Competition and Consumer Commission has given the green light to the National Australia Bankâs proposed $1.2 billion acquisition of Citigroup’s Australian consumer business, finding the deal is not likely to substantially lessen competition.
The Australian Competition and Consumer Commission says Metaâs proposed acquisition of customer relationship management start-up Kustomer is unlikely to have any substantial impact on competition.
Accounting firm PricewaterhouseCoopers is facing claims of professional negligence by insolvent tertiary education provider Cornerstone for allegedly assisting the company’s former director in overstating the company’s revenue and unlawfully extinguishing his debt.
A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade âgentlyâ in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.
Pharmaceutical ingredient producer Alkaloids of Australia has pleaded guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.
The High Court has rejected Volkswagen’s special leave application to challenge a record $125 million penalty for selling cars with a defeat device that allowed them to cheat on emissions tests.
One of the worldâs leading audio branding companies has agreed to amend its contract terms, which penalised customers for cancelling within a 42-day period of their contract ending, following an investigation by the Australian Competition and Consumer Commission.
A judge said he âgaggedâ at the Australian Competition and Consumer Commissionâs proposed $5 million pecuniary penalty in its case against specialist workplace relations company Employsure over six misleading Google ads.