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Published by Andrew Lacey

Running feet first into cartel conduct: when jumping the gun can lead to biting the bullet

It is a commercial fact of life that businesses will seek to merge with each other. Combining the efforts and resources of two previously separate competitors in an industry can lead to a more successful business. However, the businesses must be well advised to not be too eager. After prosecution by the ACCC, the Federal Court of Australia has ordered Cryosite Ltd (Cryosite) to pay $1.05 million in penalties for cartel conduct for "gun jumping"...
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