Region: Australia

Price-fixing occurred during time of crisis, cartelist tells Australian court

A company that admitted to fixing the price of waste processing services in Sydney was in “absolute panic” at the time of the offence, but its chief executive has remained at the company despite confessing to the collusion, an Australian court has heard.

22 May 2023

ACCC rejects efficiency claims to ground airline alliance

The Australian Competition and Consumer Commission has rejected a proposal to extend a partnership between Virgin Australia and Alliance Airlines because the agreement failed to generate the expected public benefits.

05 May 2023

Australian enforcer taps well-known name for top economist gig

Lilla Csorgo has joined the Australian Competition and Consumer Commission as its chief economist after previously serving in the same role in Canada, Hong Kong and New Zealand.

05 May 2023

ACCC report urges regulatory reform to combat Meta dominance

The Australian Competition and Consumer Commission has urged the government to implement legal reforms tackling the harm Meta causes to consumers, after its latest digital platforms report concluded the company has “significant market power” in social media services.

03 May 2023

China-linked lithium mine buyer refiles for Australian foreign investment clearance

A company with links to China has pulled and refiled an application to acquire an Australian lithium mine before the country’s Foreign Investment Review Board.

26 April 2023

A&O grows partnership in Europe and Australia

Allen & Overy has promoted two counsel and one senior associate to partner at its offices in Sydney, Amsterdam and Brussels, effective 1 May.

26 April 2023

Australia accepts Sika/MBCC up-front buyer divestiture package

Australia’s competition watchdog has cleared Sika’s proposed €5.2 billion acquisition of rival chemicals company MBCC Group subject to the up-front divestiture of the latter’s entire business in Australia and New Zealand.

21 April 2023

ACCC opposes Qantas’ purchase of rival airline

Qantas’ proposed acquisition of the remaining 80.1% of Alliance Airlines that it does not already own will likely harm competition for air transportation services to certain business customers, Australia’s antitrust authority has said.

20 April 2023

Australian court fines architecture company for attempted bid-rigging

The Federal Court of Australia has fined an architecture company and a former executive for attempting to rig bids for a government-funded university construction project.

13 April 2023

ACCC boss calls for mandatory, suspensory merger regime

Australia’s merger regime is “no longer fit for purpose” and skews toward allowing potentially anticompetitive deals to proceed, the head of the country’s competition authority has said.

12 April 2023

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