A judge has ordered that Joseph ‘Diamond Joe’ Gutnik’s Merlin Diamonds be wound up after the mining company’s provisional liquidators uncovered “serious contraventions” and a “serious failure of governance”.
The Australian Competition and Consumer Commission has found Bunnings’ $30 million takeover of Adelaide Tools and Oaklands Mower Centre would not substantially lessen competition, but warned it would closely scrutinise future moves that would further cement the hardware giant’s dominant position.
The makers or popular opioid drugs like OxyContin and Fentanyl may face a class action in Australia by consumers who allege they suffered financial loss from the addictive drugs.
The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.
The Australian Competition and Consumer Commission will scale back its use of certain investigatory tools, such as compulsory examinations, amid the strain on Australian businesses from the spread of COVID-19.
The Australian Competition and Consumer Commission will allow Regional Express to coordinate with Qantas and Virgin on certain regional routines during the coronavirus pandemic.
The CFMEU said Thursday that a Melbourne construction worker had tested positive for coronavirus, but maintained its position that construction sites should be deemed an ‘essential service’ and be allowed to remain open during the pandemic.
Nappy maker Rascal + Friends has brought a lawsuit seeking to invalidate a patent held by Japanese competitor Uni-Charm.
The Australian Competition and Consumer Commission has taken swift action to allow medical technology companies to coordinate on supplying ventilators, protective gear and other equipment in high demand due to the coronavirus.
The Australian Competition and Consumer Commission has approved Coles’ planned acquisition of chilled meals supplier Jewel, saying the sale was better for competition than the liquidation of Jewel’s assets.