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Commerce Commission - Latest News [Page 45]
Vector penalised $3.5 million for excessive level of outages
Friday, 22 March 2019, 12:27 pm | Commerce Commission
Auckland electricity lines company Vector Limited has been ordered by the Auckland High Court to pay a penalty of $3.575 million for breaching its network quality standard through an excessive level of power outages. More >>
Statement of Preliminary Issues released for GSK application
Wednesday, 20 March 2019, 3:05 pm | Commerce Commission
Statement of Preliminary Issues released for GSK’s application to acquire Pfizer’s consumer healthcare business More >>
Mainland Print seeks clearance to acquire Inkwise
Monday, 18 March 2019, 4:36 pm | Commerce Commission
The Commerce Commission has received a clearance application from Mainland Print Limited to acquire the heatset and coldset web offset printing assets of Inkwise Limited. More >>
Christchurch finance companies fined $103,500
Thursday, 14 March 2019, 1:27 pm | Commerce Commission
Two Christchurch finance companies have been fined a total of $103,500 and ordered to pay more than $21,000 in statutory damages to borrowers, because some of their loan contracts included security interests taken over prohibited consumer goods, ... More >>
Letter of issues for proposed merger of Knauf and USG
Wednesday, 13 March 2019, 2:34 pm | Commerce Commission
The Commerce Commission has sent a letter of issues to Gebr. Knauf KG and USG Corporation in relation to their application seeking clearance to merge. More >>
GSK seeks clearance to acquire Pfizer’s consumer healthcare
Friday, 8 March 2019, 2:12 pm | Commerce Commission
The Commerce Commission has received a clearance application from GlaxoSmithKline plc seeking clearance to acquire the consumer healthcare business of Pfizer Inc. More >>
Nearly $600K to be returned to borrowers
Tuesday, 5 March 2019, 12:09 pm | Commerce Commission
Thousands of borrowers from two finance companies will receive about $590,000 in refunds following settlement agreements with the Commerce Commission. More >>
High Court dismisses Budget Loans appeal
Monday, 25 February 2019, 3:40 pm | Commerce Commission
High Court dismisses Budget Loans appeal - notes “cynical and extortive” conduct More >>
Investigation opened into Bondor’s acquisition of Long Group
Monday, 25 February 2019, 2:26 pm | Commerce Commission
The Commerce Commission has opened an investigation into Bondor New Zealand Limited’s acquisition of the business and assets of Long Holdings Limited, The Insulation Panel & Door Co Limited and Long Panel Limited (together, the Long Group). More >>
First Gas to pay $3.4 million for anti-competitive conduct
Friday, 22 February 2019, 11:11 am | Commerce Commission
The Wellington High Court has ordered First Gas Limited to pay $3.4 million after it admitted engaging in anti-competitive conduct when acquiring the Bay of Plenty gas distribution assets of GasNet Limited. More >>
Commission urges consumer caution following Viagogo decision
Tuesday, 19 February 2019, 12:42 pm | Commerce Commission
The Commerce Commission is urging event ticket buyers to take particular care, following the High Court’s decision to dismiss an application for an interim injunction against online ticket seller Viagogo. More >>
Fletcher Building to acquire Waikato Aggregates
Saturday, 16 February 2019, 11:01 am | Commerce Commission
Commission grants clearance for Fletcher Building to acquire Waikato Aggregates The Commerce Commission has granted clearance for Fletcher Building Limited to acquire the business of Waikato Aggregates, except for the land at Tamahere quarry. More >>
Alpine Energy warned over excessive network outages
Thursday, 14 February 2019, 9:56 am | Commerce Commission
The Commerce Commission has issued South Canterbury electricity lines company Alpine Energy with a formal warning for breaching its regulated quality standard in 2016. More >>
Commission grants clearance to DLF Seeds to acquire PGG
Wednesday, 13 February 2019, 5:15 pm | Commerce Commission
The Commerce Commission has granted clearance to global seed producer DLF Seeds A/S to acquire the New Zealand market leader in forage and turf seeds, PGG Wrightson Seeds. More >>
Commission seeks input on proposed price-quality path
Thursday, 7 February 2019, 9:23 am | Commerce Commission
The Commerce Commission has today released a consultation paper seeking feedback on the key issues it will be considering when resetting Transpower’s individual price-quality path. More >>
Reserved decision in application for Viagogo injunction
Tuesday, 5 February 2019, 5:15 pm | Commerce Commission
The Commerce Commission’s application was heard today for an interim injunction to prohibit statements by online ticket seller Viagogo which, the Commission alleges, are misleading to New Zealand consumers. More >>
Commission releases preliminary issues paper for fuel market
Thursday, 31 January 2019, 9:08 am | Commerce Commission
The Commerce Commission has today released a preliminary issues paper for the retail fuel market study. More >>
Mosgiel and Auckland car dealer warned over sales claims
Wednesday, 30 January 2019, 11:24 am | Commerce Commission
The Commerce Commission has issued a warning to Mosgiel-based motor vehicle trader Taieri Motor Court Limited (TMC), for likely breaching the Fair Trading Act 1986 (FTA) during its sale of two motor vehicles. More >>
2 Cheap Cars charged over ad claims and “warranty waivers”
Tuesday, 29 January 2019, 2:17 pm | Commerce Commission
Vehicle retailer 2 Cheap Cars Limited faces 10 charges under the Fair Trading Act 1986 over its “must liquidate" and “84% off” advertising claims and its use of “warranty waiver” documents, following a Commerce Commission investigation. More >>
Statement of preliminary issues for Ixom/Oji acquisition
Wednesday, 23 January 2019, 4:37 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to Ixom’s proposed acquisition of the manufacturing assets of a chemical plant in Kawerau from Oji. More >>
