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Last minute increase to scheme consideration - a more flexible approach?
A recent Federal Court decision shows a pragmatic approach by the court, in relation to takeover bids effected by way of scheme of arrangement ...
First round of proposed changes to Australian Consumer Law released
The Federal Government has released exposure draft legislation and regulations that implement 14 recommendations from the final report on the Australian Consumer Law Review Submissions on the draft reforms are due 28 February 2018 We look at the key reforms to the ACL and the ASIC Act and analyse ...
Federal Court imposes highest penalty to date
The Full Federal Court has allowed the ACCCs appeal and imposed penalties of 46 million for cartel conduct on Japanese wire harness manufacturer Yazaki Corporation The penalty was increased to 46 million from 95 million on appeal and is the highest-ever penalty under the Competition and Consumer Act ...
Vietnam seeks to accelerate SOE privatisation process
The privatisation of State-owned companies SOEs known as equitisation in Vietnam continues to be high on the Vietnamese Governments agenda as it continues to move towards a more market-driven economy and seeks to raise much needed capital to address the State budget deficit However to date progress ...
Competition news
In Touch looks at what's been happening in Competition this month and what it means for your business ...
ACCC inquiry into the east coast gas market - key findings and recommendations
The final report of the ACCC inquiry into the east coast gas market was released today The ACCC has made recommendations about removing government moratoria on gas developments revising the test to determine when a pipeline should be regulated and increasing consistency and transparency in ...
Glencore's Newcastle success opens the channel for further access regulation
Glencore has succeeded in its bid to have the access to the Newcastle shipping channel declared under Australias national access regime The Australian Competition Tribunals decision reversed the acting Treasurers decision and has settled for now the uncertainty about the interpretation of the ...
Australia and Singapore enter into Comprehensive Strategic Partnership
The Australian and Singaporean governments have recently concluded discussions on a landmark agreement that will see the two countries cooperating across a range of strategic initiatives including in the areas of trade and economics innovation education people and defence The Comprehensive Strategic ...
The China-Australia Free Trade Agreement
After almost 10 years of negotiations between the nations on 17 November 2014 Prime Minister Abbott and President Xi announced the conclusion of negotiations on the China Australia Free Trade Agreement ChAFTA Once implemented the ChAFTA is expected to significantly reduce import barriers for ...
Withholding tax to capture exit profits
Legislation introduced into Parliament will impose a 10 per cent non-final withholding tax on proceeds paid to foreign parties to acquire direct or indirect interests in Australian real property and mining rights from 1 July 2016 Partner Martin Fry and Lawyer David Lewis discuss the proposed law ...