Trade Practices
Trade Practices laws regulate a wide spectrum of business activity in all states and territories. They are designed to protect and compensate both consumers and businesses from unfair , misleading and anti-competitive conduct. These laws also set minimum terms as to quality in some contracts for the sale of goods or services , and regulate product liability.
Our lawyers are happy to discuss your rights and provide you with advice as to your obligations in the field of trade practices. Click on the links above to read more about each of these areas and how we can assist you.
Some examples of the variety of trade practices matters with which we have recently assisted include:
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Pursuing a class action on behalf of shareholders who bought shares in a company because of allegedly misleading and deceptive statements made by a company and its directors about the potential of a new data compression technology.
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Pursuing a claim on behalf of businesses against seven major international airlines claiming losses suffered as a result of the airline’s price-fixing arrangements to set fuel, security and war-risk insurance surcharges in international air freight services.
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Defending claims made by a lender against a number of investors in a managed investment scheme. In that case, the investors borrowed to fund the establishment of a business that subsequently failed. It is claimed that the prospectus was misleading and that an entity related to the lender mismanaged the scheme.
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Representing a manufacturer in Federal Court proceedings against a rival, where that rival was alleged to have falsely advertised the quality of its products and, by doing so, taken market share from our client. In that case, we reached a substantial commercial settlement.
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Advising a retailer about the text of its advertisements, which made claims in relation to a competitor’s products, to minimise its exposure to claims of misleading and deceptive conduct.
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Advising a client in relation to obligations regarding an ACCC investigation into anti-competitive conduct and making submissions to the ACCC in response to a section 155 notice.
