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Australia - April 13 2012
A recent judgment of a full bench of the Federal Court reinforces the principle that in assessing allegations that a valuer has provided negligent advice and engaged in misleading and deceptive conduct, the evidence of expert valuers in making an assessment of other valuers’ advice will be inadmissible to the extent that they consider comparable sales after the date of the impugned valuation.
Australia - March 14 2012
ASIC is sending a message that it is prepared to take decisive action against financial services industry participants who create and publish misleading advertisements.
Australia - December 6 2011
On 30 November, the Full Federal Court dismissed an appeal by the Australian Competition & Consumer Commission (ACCC) in relation to its application to prevent the acquisition by Metcash Trading Limited (Metcash) of shares in Interfrank Group Holdings Pty Ltd (Franklins) from Pick N Pay Retailers (Pty) Limited (Pick N Pay).
Australia - December 1 2011
From 1 January 2012, the Australian Consumer Law (ACL) will impose new requirements on the form and content of documents which 'evidence' express warranties (such as the 'manufacturers warranties' commonly offered by manufacturers or suppliers of goods).
Australia - September 26 2011
Lenders in the agricultural sector need to become aware of new obligations prescribed by the Farm Debt Mediation Act 2011 (Vic) (Act) as all farm mortgages in existence will be covered by the Act.
