The New Zealand (NZ) Commerce Commission has made available a settlement agreement (6 November 2013) under which debt recovery services provider Baycorp (NZ) Ltd's (Baycorp) has agreed to refund or reduce the account balances of debtors by a total of NZ$3.5 million to resolve allegations that it breached s. 13(i) of the Fair Trading Act 1986 No. 121 (NZ).
The Australian Competition and Consumer Commission (ACCC) has announced the Federal Court of Australia has made orders against poultry providers in two separate matters, both relating to potentially false and misleading and/or deceptive packaging and promotion.
Business Council of Australian (BCA) president Tony Shepherd has written (4 November 2013) to BCA member company chief executive officers (CEOs), advising them of the publication of the report Increasing the Number of Women in Senior Executive Positions - Improving Recruitment, Selection and Retention Practices (November 2013) as part of the BCA's Action Plan for Enduring Prosperity.
The Australian Securities and Investments Commission (ASIC) has announced that ABN AMRO Clearing Sydney Pty Ltd's (ABN AMRO) has paid a A$130,000 penalty in relation to a third-party failure in ABN AMRO's automated order processing system.
The Australian Securities and Investments Commission (ASIC) has announced that national rental goods provider Rent The Roo Pty Ltd (RTR) has paid a A$27,500 penalty after being issued with an infringement notice for a breach of responsible lending provisions under the National Consumer Credit Protection Act 2009 No. 134 (Cth) (the Act). ASIC stated that it had been "particularly concerned" because RTR regularly dealt with certain types of more vulnerable customers.
Japan-based Mizuho Financial Group Inc (MHFG) has announced the retirement of its managing director, its executive officer and its subsidiary Mizuho Bank Ltd's (Mizuho) chairperson, and numerous penalties for MHFG and Mizuho senior management personnel and executive officers following its receipt of the findings of an independent investigation into Mizuho's lending practices in relation to organised crime syndicates known as yakuza and referred to as "anti-social forces" or "elements".
The Taiwan Fair Trade Commission (FTC) has announced that it has fined Samsung Electronics Taiwan Co Ltd (Samsung) NT$10 million (approximately US$340,000/€247,000) for breaching the Fair Trade Act in the online marketing of its products. According to Taipei Times, an FTC investigation found that Samsung's engagement of public relations firm OpenTide Taiwan (OpenTide) to hire writers to pose as consumers and publish positive online reviews of Samsung products constituted unfair or deceptive trade conduct.
Hankyu Hanshin Hotels Co Ltd (Hankyu) has issued an apology (28 October 2013 - Japanese language version available only) for its use of food ingredients other than those indicated on its menus for 47 dishes offered at eight Hankyu venues and 23 stores.
The Australian Securities and Investments Commission (ASIC) has announced that UBS Securities Australia Ltd (UBS) has paid a A$50,000 penalty for "conduct which resulted in a market for a put option not being both fair and orderly", after its designated trading representative entered an incorrect price for a trade.
The Australian Competition and Consumer Commission (ACCC) has made available a transcript of a speech delivered by ACCC deputy chair Michael Schaper at the National Franchise Legal Symposium on 20 October 2013. Dr Schaper announces that the ACCC's next round of audits will involve examination of franchisors from, among others, the take-away food and health and fitness industries to check compliance with the mandatory Franchising Code of Conduct set out in the Schedule to the Trade Practices (Industry Codes - Franchising) Regulations 1998 No. 162 (Cth) (further information).
- Anti-Bribery & Anti-Corruption (129)
- Anti-Money Laundering (113)
- Business Ethics and Corporate Culture (163)
- Careful Communication and Proper Use of Computers (15)
- Code of Conduct (6)
- Competition (195)
- Confidentiality and Intellectual Property (30)
- Conflicts of Interest (17)
- Consumer Protection (334)
- Corporate Responsibility and Sustainability (198)
- Employment and Workplace Issues (342)
- Environment, Health & Safety (158)
- Financial Integrity (194)
- Government Contracting (23)
- Information Security (37)
- Insider Trading (86)
- Other (2)
- Privacy and Data Protection (197)
- Records Management (16)
- Respect in the Workplace (6)