New consumer protection laws came into effect in Hong Kong on 19 July 2013. The new laws amend the Trade Descriptions Ordinance (TDO) which prohibit a range of unscrupulous trade practices in respect of goods and...
Read More →On 27 June 2013, the Australian Competition and Consumer Commission (ACCC) issued its updated Authorisation Guidelines. The guidelines reflect the ACCC’s current approach to assessing applications for authorisation and replace the approach adopted by the...
Read More →Earlier this month, the board of the Turkish Competition Authority fined a dozen of the country’s banks 1.1 billion Turkish lira (approximately AUD 580 million) for colluding over maximum deposit rates, credit card interest rate...
Read More →After four months in the job, the head of the Canadian Competition Bureau (“the Bureau”), John Pecman, has revealed the Bureau’s priorities for the coming years. The “…three priorities for the Bureau are: benefitting Canadians,...
Read More →Since 2010, the ACCC has been conducting what it terms ‘pre-assessments’ of mergers. Pre-assessments refer to an assessment of a merger ‘on the papers’, as distinct to a substantive investigation of the merger under the...
Read More →The ACCC has reached only limited agreement with one of the major supermarket chains, Coles (owned by Wesfarmers), regarding a voluntary streamlined notification and assessment protocol for small retail acquisitions. The ACCC had proposed that...
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