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Business Competition media releases

December 2011

High Court hands out $3million penalty in refrigerator compressor industry cartel case

22 December 2011

The High Court at Auckland has imposed a penalty of $3million against a major manufacturer of refrigerator compressors following a cartel investigation under the Commerce Act.

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IAG New Zealand Limited seeks clearance to acquire AMI Insurance

20 December 2011

The Commerce Commission has received an application from IAG New Zealand Limited (IAG) seeking clearance to acquire certain business assets of AMI Insurance.

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Fonterra's proposed Kotahi joint venture unlikely to lessen competition - draft decision by Commerce Commission

16 December 2011

The Commerce Commission has reached a preliminary view that a proposed joint venture between Fonterra Co-operative Group Limited and Silver Fern Farms Limited would be unlikely to harm competition, and therefore does not need an authorisation under the Commerce Act.

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Seagate Technology granted clearance to acquire the hard disk drive business of Samsung Electronics

15 December 2011

The Commerce Commission has granted clearance for Seagate Technology Plc to acquire certain assets of the hard disk drive business of Samsung Electronics Co. Limited.

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November 2011

Commerce Commission authorises a restriction on the sale of refrigerants to safety certified customers only

29 November 2011

The Commerce Commission has authorised a proposal for refrigerant wholesalers to enter into a voluntary agreement which contains an exclusionary provision.

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October 2011

Go ahead for Commerce Commission freight forwarding cartel case against Kuehne + Nagel

18 October 2011

The High Court has given the Commerce Commission the go ahead to proceed to trial against Kuehne+Nagel International AG (Keuhne + Nagel) in relation to the Commission's ongoing freight forwarding cartel case.

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Statement of preliminary issues for Pact Group's application to acquire the plastic pails business of Viscount Plastics

13 October 2011

The Commerce Commission has published a statement of preliminary issues relating to an application from Pact Group seeking clearance to acquire the plastic pails business of Viscount Plastics.

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Commerce Commission reaches settlement over collusion in refrigerator compressor industry

10 October 2011

The Commerce Commission has agreed to a settlement with a major manufacturer of compressors following an investigation into cartel conduct.

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Statement of Preliminary Issues and timetable for Fonterra's authorisation application

7 October 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from Fonterra Co-operative Group Limited seeking authorisation for an agreement that it considers may be anti-competitive.

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Pact Group applies to acquire the plastic pails business of Viscount Plastics

5 October 2011

The Commerce Commission has received an application from Pact Group seeking clearance to acquire the plastic pails business of Viscount Plastics.

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September 2011

iSite granted clearance to acquire billboard assets of O.T.W. Advertising

30 September 2011

The Commerce Commission has granted clearance for Infratil Outdoor Media Limited, the owner of iSite Limited, to acquire up to 100 per cent of the billboard assets of O.T.W. Advertising Limited.

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Commission reaches preliminary view to authorise a proposal to restrict the sale of refrigerants

30 September 2011

The Commerce Commission has reached a preliminary view that the Refrigerant License Trust Board's proposal to restrict sales of refrigerants to trained and certified people is not likely to lessen competition in any market.

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Matariki Forests granted clearance to acquire the Canterbury forest assets of Selwyn Plantation Board

28 September 2011

The Commerce Commission has granted clearance for Matariki Forests to acquire the Canterbury forestry assets of the Selwyn Plantation Board.

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Commerce Commission receives authorisation application from Fonterra

14 September 2011

Fonterra Co-operative Group Limited  has applied to the Commerce Commission seeking authorisation under Section 58 of the Commerce Act for an agreement that may be anti-competitive.     Fonterra  have formed a limited partnership  with Silver Fern Farms Limited to create Kotahi Logistics.

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Statement of Preliminary Issues for iSite's application to acquire O.T.W.

5 September 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from iSite Limited seeking clearance to acquire up to 100 per cent of the billboard assets of O.T.W Advertising Limited (OTW).

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August 2011

Commerce Commission gets green light to proceed with air cargo price-fixing case

26 August 2011

The Commerce Commission has succeeded in the first phase of its trial against the defending airlines in the Commission's air cargo price-fixing case.

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iSite Limited applies for clearance to acquire billboard assets of O.T.W Advertising Limited

25 August 2011

The Commerce Commission has received an application from iSite Limited seeking clearance to acquire up to 100 per cent of the billboard assets of O.T.W Advertising Limited.

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GEA granted clearance to acquire Nu-Con

24 August 2011

The Commerce Commission has granted clearance for GEA Process Engineering A/S to acquire 100 per cent of the shares in Nu-Con Limited.

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July 2011

Commerce Commission authorises merger of Southern Cross and Aorangi Hospitals in Palmerston North

28 July 2011

The Commerce Commission has authorised the merger of the Palmerston North private hospital operations of Southern Cross Hospitals Limited and Aorangi Hospital Limited.

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Statement of preliminary issues for Seagate's clearance application to acquire Samsung hard disk drive business

15 July 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from Seagate Technology Plc seeking clearance to acquire certain assets of the hard disk drive business of Samsung Electronics Co. Limited.

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GEA applies for clearance to acquire Nu-Con

11 July 2011

The Commerce Commission has received an application from GEA Process Engineering A/S seeking clearance to acquire 100 percent of the shares in Nu-Con Limited.

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Refrigerant License Trust Board applies for authorisation regarding supply of refrigerants

8 July 2011

The Commerce Commission has received an application under its streamlined authorisation process from the Refrigerant License Trust Board (RLTB).

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Seagate Technology applies for clearance to acquire the hard disk drive business of Samsung Electronics

6 July 2011

The Commerce Commission has received an application from Seagate Technology Plc seeking clearance to acquire certain assets of the hard disk drive business of Samsung Electronics Co. Limited.

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Commerce Commission reaches preliminary view to approve Palmerston North private hospital merger

1 July 2011

The Commerce Commission has reached a preliminary view that it should allow Southern Cross Hospitals Limited and Aorangi Hospital Limited to merge their Palmerston North private hospitals.

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June 2011

Statement of preliminary issues for Matariki Forests' clearance application to acquire the Selwyn Plantation Board

29 June 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from Matariki Forests seeking clearance to acquire the forestry assets of the Selwyn Plantation Board.

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Commerce Commission grants Comfort Group clearance to acquire Dunlop Living

24 June 2011

The Commerce Commission has granted clearance for New Zealand Comfort Group Limited to acquire all of the business assets of Dunlop Living Limited.

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Matariki Forests applies for clearance to acquire the Selwyn Plantation Board's forestry assets

23 June 2011

The Commerce Commission has received an application from Matariki Forests seeking clearance to acquire the forestry assets of the Selwyn Plantation Board.

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$5.2 million in new penalties for price fixing in freight forwarding industry

14 June 2011

The High Court at Auckland has ordered three international freight forwarding companies to pay penalties totalling $5.2 million plus costs for breaches of the Commerce Act.

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Commerce Commission authorises Cavalier Wool's purchase of Wool Services International's wool scouring assets

10 June 2011

The Commerce Commission has decided to authorise Cavalier Wool Holding's acquisition of all of the wool scouring assets of New Zealand Wool Services International. If the acquisition occurs, Cavalier Wool will be the only wool scourer in New Zealand.

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May 2011

Southern Cross Health Trust and Aorangi Hospital apply for authorisation to form joint venture

25 May 2011

The Commerce Commission has received a joint application under its streamlined authorisation process from Southern Cross Health Trust and Aorangi Hospital Limited.

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Statement of preliminary issues for New Zealand Comfort Group's clearance application to acquire Dunlop Living

13 May 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from New Zealand Comfort Group Limited seeking clearance to acquire the business assets of Dunlop Living Limited.

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Court awards highest penalty to date in price fixing

12 May 2011

The High Court has ordered Qantas Airways Ltd to pay a $6.5 million penalty for breaches of the Commerce Act, the highest penalty to date in New Zealand for price fixing.

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Commerce Commission appeals ruling in cardboard cartel case

6 May 2011

The Commerce Commission is filing an appeal against a High Court decision last month that limited the Commission's case in respect of a cartel in the cardboard box industry.

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New Zealand Comfort Group applies for clearance to acquire Dunlop Living

6 May 2011

The Commerce Commission has received an application from New Zealand Comfort Group Limited, formerly Sleepyhead Manufacturing Company Limited, seeking clearance to acquire all the assets of Dunlop Living Limited.

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Commerce Commission to hold conference on Cavalier Wool's application to take over New Zealand Wool Services International

2 May 2011

The Commerce Commission will hold a conference this week to discuss matters relating to Cavalier Wool's application seeking authorisation to acquire the assets of and/or shares in New Zealand Wool Services International.

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April 2011

Airlines' information request case resolved

27 April 2011

The Commerce Commission has withdrawn charges against Singapore Airlines Cargo Pte Ltd and Cathay Pacific Airways Ltd for failing to supply information in relation to the Commission's air cargo price-fixing case.

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Commerce Commission narrows focus of air cargo cartel case before trial

20 April 2011

The Commerce Commission today filed discontinuances against PT Garuda Indonesia and six Air New Zealand executives as it continues to refine its air cargo cartel case leading up to the first hearing next month.

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Record Commerce Act penalty against Telecom for price squeeze

19 April 2011

The High Court in Auckland has imposed a $12 million penalty against Telecom for breaching section 36 of the Commerce Act in the so-called 'data tails' case.

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Commerce Commission issues draft determination on wool scouring assets application

13 April 2011

The Commerce Commission has reached a preliminary view that it should allow Cavalier Wool Holdings to acquire up to 100 per cent of New Zealand Wool Services International's wool scouring assets and stock (and/or the shares in New Zealand Wool Services International).  

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$7.6 million in penalties imposed against two airlines in air cargo cartel case

5 April 2011

The High Court in Auckland has today imposed penalties against two of the international airlines charged in a major cartel proceeding brought by the Commerce Commission.

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Commerce Commission decides rugby union authorisation no longer required

1 April 2011

The Commerce Commission has revoked an authorisation granted to the New Zealand Rugby Union (NZRU), relating to salary cap arrangements and player movement regulations, as it is no longer required.

 

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March 2011

Commerce Commission to examine whether a dairy price control inquiry is warranted

30 March 2011

The Commerce Commission is undertaking preliminary analysis to determine whether a price control inquiry into retail milk is warranted under Part 4 of the Commerce Act.

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Settlements in cartel case as Commerce Commission prepares for Court

18 March 2011

The Commerce Commission has reached settlements with three international airlines charged in a major cartel proceeding, ahead of the first hearing in the case scheduled for May this year.

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Court of Appeal rules on use of confidentiality orders

11 March 2011

The Commerce Commission welcomes yesterday's judgment by the Court of Appeal in relation to the Commission's use of confidentiality orders in a major cartel investigation.

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Commerce Commission considers revoking Rugby Union decision

9 March 2011

The Commerce Commission is considering revoking its decision that authorised the New Zealand Rugby Union (NZRU) to have a salary cap and player movement regulations.

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Commerce Commission grants clearance to Interpipe to acquire Fletcher Concrete's Hamilton pipe plant

4 March 2011

The Commerce Commission has granted clearance for Interpipe Holdings Limited (trading as Waters & Farr) to acquire Fletcher Concrete and Infrastructure Limited's vertical drycast technology concrete pipe plant located in Hamilton.

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February 2011

Commerce Commission grants clearance to Fletcher Building to acquire Crane Group

25 February 2011

The Commerce Commission has granted clearance for Fletcher Building Limited to acquire up to 100 per cent of the ordinary shares of the Crane Group Limited.

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Waters & Farr applies for clearance to acquire Fletcher Concrete's VT concrete pipe plant

9 February 2011

The Commerce Commission has received an application from Interpipe Holdings Limited (trading as Waters & Farr) seeking clearance to acquire Fletcher Concrete and Infrastructure Limited's vertical drycast technology (VT) concrete pipe plant at Ruffell Road, Hamilton.

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Cavalier Wool Holdings applies for authorisation to acquire New Zealand Wool Services International

9 February 2011

The Commerce Commission has received an application from Cavalier Wool Holdings seeking authorisation to acquire up to 100 per cent of New Zealand Wool Services International's wool scouring assets and stock or any interconnected body corporate of that company; and/or
the shares in New Zealand Wool Services International.

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Sonoco granted clearance to acquire T.T.L. Pacific

4 February 2011

The Commerce Commission has granted clearance for Sonoco New Zealand Limited to acquire the business assets of T.T.L. Pacific Limited.

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January 2011

Christchurch International Airport Limited granted clearance to acquire Craddocks Car Storage

27 January 2011

The Commerce Commission has granted clearance for Christchurch International Airport Limited to acquire Craddocks Car Storage.

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Statement of preliminary issues available for Fletcher Building's clearance application to acquire Crane Group

20 January 2011

The Commerce Commission has published a statement of preliminary issues relating to an application received from Fletcher Building Australia Pty Limited seeking clearance to acquire 100 per cent of the ordinary shares in Crane Group Limited

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