NZ Court of Appeal reinstates claims against VisyThe Court of Appeal has issued a ruling widening the Commerce Commission’s claims against Australian packaging company Visy Board Pty Ltd, for its part in an alleged cardboard packaging price-fixing cartel.The Commission’s case claims that Visy Board and its competitor Amcor Ltd formed an illegal arrangement to divide trans-Tasman corrugated fibreboard packaging markets between them, and to fix packaging prices for New Zealand. The Commission claims that, by colluding, the packaging companies decided in advance which of them would win customer tenders, and had ‘compensation’ arrangements between them when competition on tenders occurred. The Court of Appeal has overturned High Court findings which had limited the case against Visy Board, and has reinstated all of the Commission’s claims against the company. The Court of Appeal has also upheld the High Court’s findings that the Commission can pursue certain claims against Visy Board senior executive, Rod Carroll. You can find a copy of the judgment on the Commission's website. More >> | |
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