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MCoBeauty drops ‘2000 hour’ eye makeup brand to settle trade mark suit
Competition & Consumer Protection 2022-03-02 12:33 pm By Sam Matthews Melbourne

Cosmetics company MCoBeauty has reached a settlement with the maker of the popular 1000Hour Lash & Brow Dye kit in a case alleging  “deliberate and flagrant” trade mark and copyright infringement.

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CBA says branch arrangements ‘critical’ to defence of $45M rest break case
CBA 2022-03-01 9:39 pm By Sam Matthews Melbourne

Commonwealth Bank has won more time to examine the particular work arrangements in 24 individual branches, as it fights allegations of systemic failures to provide thousands of employees with paid rest breaks since 2014.

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PwC Australia picks up Greenwoods & Herbert Smith Freehills
Business of Law 2022-03-01 9:21 pm By Sam Matthews Melbourne

A new taxation super-group is on the horizon, with leading tax advisory firm Greenwoods set to join the ranks of PwC Australia’s financial advisory business in the midyear, amid a “war for talent” in the sector. 

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Viterra hit with $124M in interest on top of $168.9M in damages owed to Cargill
Agriculture 2022-02-28 5:54 pm By Sam Matthews Melbourne

Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.

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ACCC weighs changing the law to rein in tech giants
ACCC 2022-02-28 3:47 pm By Sam Matthews Melbourne

The Australian Competition and Consumer Commission is considering whether new laws are needed to rein in Google, Apple and Facebook, including rules to curb self-preferencing conduct and strengthen the merger review framework.

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ALP loses challenge to federal takeover ahead of election
Appeals 2022-02-25 9:58 pm By Sam Matthews Melbourne

Members of the Victorian Labor party and associated unions have lost a bid to overturn a judge’s finding that the pre-selection of ALP candidates in Victorian electorates by federal administrators during their takeover of the state party was lawful.

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ACCC weighs ‘mix and match’ sell-off in Cargotec, Konecranes merger
Competition & Consumer Protection 2022-02-24 11:06 pm By Sam Matthews Melbourne

The Australian Competition and Consumer Commission is weighing court enforceable undertakings proposed by Finnish cargo handling companies Cargotec and Konecranes to alleviate concerns their merger would be anticompetitive.

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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Alan Shearer 2022-02-24 10:22 pm By Sam Matthews Melbourne

Logistics company GetSwift will argue on appeal that a judge who found the company took a “PR-driven approach” to ASX statements was wrong in his assessment of whether those statements contained material omissions.

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BHP unit’s Christmas Day work requirement reasonable, court says
Claire Howell 2022-02-23 7:31 pm By Sam Matthews Melbourne

A court has shut down action by the CFMEU  on behalf of coal miners who were rostered to work Christmas Day and Boxing Day at the Daunia Mine in central Queensland in 2019.

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Virgin Australia may face class action over 2019 prospectus
Class Actions 2022-02-22 6:55 pm By Sam Matthews Melbourne

Virgin Australia is facing a shareholder class action investigation over representations made in a 2019 prospectus for a capital raising to fund its $700 million acquisition of the Velocity loyalty program, issued six months before the airline filed for administration.

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