Law & Trade
The Federal Court of Australia ordered three Harvey Norman franchisees to pay a total of USD60,000 in penalties for making false or misleading representations regarding consumer guarantee rights.
The Federal Circuit Court also ordered another Harvey Norman franchisee to pay a pecuniary penalty of USD26,000.
This brings to nine the total number of Harvey Norman cases brought to court by the Australian Competition and Consumer Commission (ACCC).
Consumer goods makers don’t expect a pick-up in demand soon despite the Narendra Modi-led Bharatiya Janata Party getting a simple majority in the Lok Sabha elections on Friday.
In a significant move to streamline its process for dealing with counterfeits, Alibaba Group Holding Ltd. this month began automatically removing from its biggest shopping site products that some brands have flagged as fake.
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Five New Zealand manufacturers have gotten the approval to export infant formula to China.
“These manufacturers represent around 90 percent of our infant formula exports to China by volume,” said Primary Industries Minister Nathan Guy and Food Safety Minister Nikki Kaye. “We appreciate the cooperative relationship with Chinese authorities in registering these New Zealand manufacturers. The new rules signal China’s desire for greater accountability for imported infant formula from all countries."
Australias competition watchdog has launched federal court action against Coles, accusing the supermarket giant of engaging in unconscionable conduct towards 200 small suppliers.
Coles faces allegations it used unfair tactics to pressure suppliers to agree to make ongoing payments to the company in return for purported benefits from changes to purchasing decisions.
Lingerie brand Victoria's Secret is suing an investment management company in Shanghai for the unlicensed use of its trademark in a city centre retail store, the Shanghai No. 1 Intermediate People's Court heard on Thursday.
The United States-based chain, which is owned by L Brands Inc, is demanding compensation of CNY5.1 million (USD817,500) and wants the store to stop using the trademark on its signage, loyalty cards and employee name tags. It also wants an apology to be printed in Xinmin Evening News and on the women's clothing website nz86.com.
The Japanese Fair Trade Commission has ordered a unit of East Japan Railway Co. to stop blocking its retailing partners from passing the 1 April sales tax hike to their products.
The anti-monopoly watchdog issued the order on Wednesday by making its first use of a special law passed specifically for purpose of ensuring that companies can appropriately transfer the cost of the tax hike, which rose to 8 percent from 5 percent, to their prices.
The amount Amazon reports through a tax-exempt vehicle in Europe has dropped in the past two years, after the IRS tightened rules.
The Australian National Retailers’ Association (ANRA) welcomed the recommendation of the Economic Regulation Authority’s draft report to fully deregulate trading hours in Western Australia.
“Today’s recommendations are clearly sensible and show an understanding of the value of retail to the economy and its capacity to create jobs," said ANRA CEO Margy Osmond. “There’s no doubt flexible trading hours benefit employees, consumers and the economy. Technology and the changing demands of shoppers means consumers want more choice."
The government’s plan to impose a 20 percent luxury-goods sales tax on cell phones is designed to accelerate growth in the fledgling industry.
But, it also carries the risk of increased cell phone smuggling — a problem that particularly haunts foreign investors interested in establishing local manufacturing facilities, due to unfair competition.