The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.
The Australian Competition and Consumer Commission is weighing up undertakings proposed by Swiss construction chemical company Sika AG to alleviate concerns that its planned acquisition of Germany-based MBCC Group would be anticompetitive.
Clayton Utz has snagged an energy regulatory expert who has worked as general counsel at AusNet and was formerly a partner at Herbert Smith Freehills to join its Melbourne corporate practice.
The proposed Armaguard merger with rival Prosegur will clearly reduce competition in the cash transport industry but the world without the tie-up might be just as bleak, the ACCC has said.
The ACCC has refused to authorise a regional network arrangement between Telstra and TPG, saying the deal would entrench Telstra’s dominant position in the mobile market.
US multinational firm K&L Gates has grown its ranks in Australia, luring three partners from HWL Ebsworth to join its corporate team.
The competition regulator has detailed “significant” concerns with Cochlear’s proposed acquisition of Oticon Medical, saying Thursday a tie-up would cut to three the number of cochlear implant suppliers in Australia.
Former CEO of failed van Eyk Research has been sentenced to 15 months’ imprisonment after admitting he breached his duties as director of a subsidiary to dishonestly retain control of the company.
Accounting firm Pitcher Partners has hit back at a lawsuit by the former owner of fitness franchise Zap Fitness claiming the firm failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.
Nuix has pointed the finger at its accountant PricewaterhouseCoopers in the software company’s defence to a class action over a prospectus for its $1.8 billion IPO two years ago.