The Australian Competition and Consumer Commission (ACCC) has accepted a section 87B court-enforceable undertaking from LivingSocial Pty Ltd (ACN 141 684 684) (LivingSocial).
LivingSocial is an online group buying site which commenced operation in Australia in 2010.
On 18 December 2014, the ACCC announced it had accepted an undertaking (Elgas Undertaking) given by Elgas Ltd in relation to its proposed acquisition of Wesfarmers Kleenheat Gas Pty Ltd’s (Kleenheat’s) Australian east-coast liquefied petroleum gas (LPG) assets (the Proposed Acquisition).
On 17 December 2014 the ACCC accepted an undertaking (the Undertaking) given by GlaxoSmithKline Plc (GSK) and Novartis Consumer Health Australasia Pty Ltd in relation to Novartis AG (Novartis) and GSK’s proposal to merge their global consumer healthcare businesses.
The ACCC instituted proceedings on 5 May 2014 (ARC Proceedings) and 16 October 2014 (Claims proceedings) against Coles Supermarkets Australia Ltd and Grocery Holdings Pty Ltd alleging unconscionable conduct on a number of occasions in 2011 in contravention of the Australia Comsumer Law.