Law & Trade
China is expected to kick off a five-month campaign to regulate its online market to protect the legitimate rights and interests of both online consumers and operators.
The campaign, effective from July to November, aims to crackdown fake and low quality products that have been widely complained by the consumers and dealers, as well as, unscrupulous online stores, Xinhua news agency reported.
Yum Brands Inc's KFC unit in China said on Monday it has sued three companies it claims are using a popular messaging service to spread false rumours about the fried-chicken chain, including allegations that its chickens have six wings and eight legs.
The legal manoeuvre comes as KFC, which suffered two food safety scares within two years, fights to win back customers in China, which is Yum's top market for revenue and profit.
In a clash of rival makers of fitness trackers, Jawbone is suing Fitbit and a group of employees who quit Jawbone to work for Fitbit, saying they stole trade secrets, business plans, market research, and other information. Jawbone's lawsuit names Fitbit Inc. and five former Jawbone employees, and says it believes 10 other employees were also involved. The lawsuit says Fitbit recruiters contacted about 30 percent of Jawbone's employees in early 2015, and the employees who accepted Fitbit's offer took information about Jawbone's plans, products, technology and market research.
A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world.
The suit was filed in Manhattan federal court by Gucci, Yves Saint Laurent and other brands owned by Paris-based Kering SA seeking damages and an injunction for alleged violations of trademark and racketeering laws.
Apparel retailer American Apparel sued its ousted chief executive, Dov Charney, for violating his standstill agreement with the company.
The company said on Friday it has filed a suit with the Delaware Court of Chancery.
Charney on Wednesday sued the company and Chairwoman Colleen Brown, alleging defamation and mental and emotional distress.
Woolworths' struggling hardware chain Masters has been accused of deception after it walked away from a deal to build a store in Bendigo to pursue another site in the regional Victorian town that it knew Wesfarmers' Bunnings chain was circling.
The Supreme Court stoush, which began on Monday, could see Woolworths managing director Grant O'Brien – who was head of the Masters roll out at the time - take to the stand to give evidence about the deal. The founder of Danks hardware chain Graeme Danks will also take to the witness box to explain his role in the transaction.
Dov Charney, the ousted chief executive of American Apparel, has filed a USD30 million defamation lawsuit against a New York hedge fund that controls a large stake in the clothing company he founded, and which refused to support his return.
The lawsuit filed Thursday in Los Angeles Superior Court is one of several arising from Charney's suspension last June and dismissal six months later.
American Apparel attributed the suspension to Charney's alleged misuse of company funds and failure to stop a subordinate from posting false blog entries about former employees.
A Chinese joint venture of US-based J.R. Simplot, which supplies frozen french fries to McDonald's, was fined CNY3.92 million (USD632,370) on Wednesday by the Beijing city government for water pollution, the official Xinhua news agency reported.
The Beijing government found the venture had been discharging contaminated waste water that exceeded stipulated levels, according to Xinhua.
Xinhua said the business was a joint venture between Simplot, a unit of McDonald's, and a local firm. Reuters could not independently verify the relationship.
The corporate regulator is expected to grill Aldi over its failure to consistently notify customers of fees for using credit cards and "tap and go" cards, six months after the discount supermarket promised it had done so.
Aldi told the Australian Securities and Investments Commission it would improve its disclosure of the 0.5 percent surcharge by October last year, it is understood. It said it would do so through signs at the entrance of the stores and the registers, and by ensuring its cashiers notified shoppers before payments were made.
Metro Cash & Carry Vietnam (MCC) will have to pay VND507 billion (USD23.8 million) as additional tax to the State budget.
The additional tax amount includes the deduction of value-added tax refund and business income.
A finance ministry official was quoted by VnExpress.net as saying the ministry had finished its two-month-long inspection and examination of price transfers at Metro Vietnam. They had found several violations at the firm.