Striving for Continuous Improvement:
Bid rigging Marine Hose Cartel This case involved price fixing, bid rigging and market sharing by four foreign companies that supplied rubber hosing to transfer oil and gas from production and storage facilities to offshore tankers.
The cartel was international and the key meetings were held oversees, but the successful court action was based on the cartel giving effect to their agreement in the Australian market, following global enforcement action taken by competition authorities in the USA, UK, Europe and Japan.
Demolition Cover Pricing In latethe Commonwealth Department of Defence conducted a tender for demolition and asbestos removal at its Salisbury site in South Australia.
The companies and individuals also provided undertakings to the Court not to repeat the conduct and agreed to attend compliance training. Attempted Collusive Quotation In a remote region of South Australia, a truck and tractor mechanic quoted on the repair to a front end loader.
The customer stated that they would seek a competitive quote. He asked his secretary to fax the quote to his competitor. The secretary made an error and faxed the note to the customer, who promptly informed the ACCC. The matter was settled by the mechanic giving court enforceable undertakings not to repeat the conduct, among other things.
Brisbane fire protection cartel For about 10 years until most of the companies in the fire alarm and fire sprinkler installation industry in Brisbane held regular meetings, Canadian business law case studies which they agreed to allow certain tenders to be won by particular competitors.
Queensland pre-mixed concrete cartel The Pioneer, Boral and CSR cartel involved bid rigging, price fixing and market sharing in the pre-mixed concrete market in south-east Queensland from until The participants had more than 50 regular meetings and phone conversations.
In addition to fixing prices, they agreed on market shares and not to compete on specified major projects. The participants even engaged an accountant to monitor market shares so they could enforce compliance with the agreement. The arrangement led to considerable overcharging on major construction jobs, including federal, state and local government projects.
The case demonstrated a blatant disregard for the law, as each of the corporate groups had previously been found to have engaged in similar conduct.
Before the close of tender, the industry association, the Australian Federation of Construction Contractors, called a meeting of the four firms bidding for the contract.
The transactions were to be concealed by invoices for consultancy services. The court found that there was an expectation thus an agreement that these fees were levied in addition to the contract price. As such, they were an imposition on the developer, in this case the Commonwealth government, and therefore on the taxpayer.
The customers affected by the cartel included some of the largest electricity transmission and distribution utilities across Australia, many of them publicly owned, resulting in Australian consumers paying higher electricity bills. A whistleblower alerted the ACCC to the cartel conduct.
The collusion involved executives at the highest level, and featured secret meetings in hotel rooms, airport lounges and private residences in various locations across Australia.
These meetings rigged the outcomes of multimillion dollar contracts, with at least 27 tenders being rigged between and Some aspects of the cartel ran from to The Court was particularly scathing about the fact that the arrangement was coordinated by senior executives, including managing directors.
Simsmetal Heavies Competitor In a manager from Simsmetal, the largest scrap metal merchant in the southern hemisphere, attempted to coerce a South Australian competitor into a market sharing agreement. He proposed that the two companies would not compete for suppliers of foundry grade scrap steel.
The smaller operator secretly recorded the demands at the second meeting. The Federal Court took a dim view of the matter, particularly since it was less than a year after Simsmetal were penalised for similar conduct in Victoria.
In five significant meetings between andattended by representatives of each of the companies, a series of agreements were reached to allocate customers and share the market.
When customers moved from one provider to another, the companies balanced their accounts of customers lost and gained, and paid or received compensation.
Each of the companies acted on these agreements on many occasions. The practices were believed to have been in place for 20 years.
Industrial Foam Cartel Joyce Corporation, Foamlite Australia and Vita Pacific all manufactured and supplied flexible polyurethane foam for mainly industrial use in the Queensland market.
Several employees of the companies became friends and attended regular luncheons together, where they eventually formed a series of agreements to maintain market shares and to refrain from competing for various customers.Case Study: Borden Ladner Gervais (BLG) LLP How one of Canada's largest national law firms dramatically improved operations and increased client satisfaction with .
Business Law Principles and Practices SEVENTH EDITION Arnold J. Goldman • Case law is a modern version of the common law of England. Then, as now, court decisions profit from a business dealing. c. business law. d. what is right or good for human beings in their everyday living.
Mayer, Warner, Siedel and Lieberman's Advanced Business Law and the Legal Environment is an up-to-date textbook with coverage of legal and regulatory issues that are more technical than the topics in the authors' Foundations of Business Law and the Legal Environment.
S.N. Case Title: 1: Mobile Value Added Services (MVAS Mobile): The Next Big Avenue for Mobile Operators? 2: Tech Mahindra Acquiring Majority Stakes in Satyam Computer Services Ltd., for Value Creation Out of Dump. Test bank for you is on Facebook.
To connect with Test bank for you, join Facebook today. Join. or. Contemporary Canadian Business Law - 10e, ISBN [Canadian Version] Test Bank Michael C.
Ehrhardt Solution Manual +Mini Case Excel Models Multinational Business Finance 13e Eiteman Stonehill Oregon Moffett Instructor Manual+excel. A bench warrant that will not be executed unless the accused person fails to attend on the next court date or, if it is extended, on a later one; commonly used in cases where mental health is of concern.