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ASIC Corporate Governance Taskforce report; ASX listing rules update; ACCC cartel immunity and cooperation policy update; High Court considers financial assistance prohibition; and other corporate law developments
ASIC issues Corporate Governance Taskforce report; ASX flags updates to listing rules; ACCC updates cartel immunity and cooperation policy, and expresses concerns with consumer loyalty schemes; ...
First shareholder class action judgment
The Federal Court has handed down the first judgment in a shareholder class action, more than 20 years after the first case was filed, in the class action arising from an earnings forecast Myer gav ...
Federal Court hangs up on ACCC over TPG pre-payments; ACCC calls for more claret-y between winemakers and growers; and Viva/Liberty deal gets green light
Court hangs up on ACCC over TPG pre-payments The Federal Court has dismissed the ACCC's case against TPG for making alleged false or misleading representations to its customers and including an ...
NSW Government to prohibit scope 3 greenhouse gas emissions conditions
Conditions of development consent regulating scope 3 greenhouse gas (GHG) emissions outside Australia will be prohibited under proposed legislation introduced into the NSW Parliament. The draft legislation forms part of a package of measures announced by the Deputy Premier to provide certainty for mining investment, which includes continuing the previously announced review of the Independent Planning Commission (IPC). ...
The proposed PNG strata title scheme – what will change?
In a development that is especially relevant to property developers and financial institutions, draft legislation to introduce a Papua New Guinea strata title scheme was released. ...
Can artificial intelligence own a patent?
A team at the University of Surrey has filed two patent applications created autonomously by artificial intelligence. This is prompting legal authorities in the United States, United Kingdom and Europe to consider the boundaries of patent law and decide whether artificial intelligence machines can be named as inventors and owners of patents. ...
IP Australia moves towards protecting Indigenous knowledge
IP Australia has released a report summarising stakeholder feedback on how Australia's IP system can be improved to protect and promote the integrity of Indigenous Knowledge ( IK ). Although legal ...
A change is gonna come: new .au domain name licensing rules
Recently, au Domain Administration Ltd, the administrator and self-regulatory policy body for the .au country-code Top Level Domains ( ccTLD ), released its draft Licensing Rules. In particular, th ...
Ultra Tune's small victory in Franchising Code case
Earlier this year, InIP reported on a case brought by the ACCC alleging various breaches of the Competition and Consumer (Industry Codes – Franchising) Regulation 2014 (Franchising Code). Ultra Tune Australia Pty Ltd (Ultra Tune) was found to have committed numerous breaches of the Franchising Code. ...
Fonterra v Vitasoy: Turns out you really can grow milk
The Registrar's recent decision in Fonterra Co-Operative Group Limited v Vitasoy International Singapore Pte Ltd [2019] ATMO 137 caught our eye here at Allens. 'Vores and Veggies alike were surpris ...