What is divestiture and how would it stop insurance companies ‘ripping off’ customers?
- Written by Allan Fels, Professor Allan Fels, Professor of Law, Economics and Business at the University of Melbourne and Monash University., The University of Melbourne
Australia is creeping towards adding a divestiture power to its Competition and Consumer Act.
Under such a law, the courts, on the recommendation of the Australian Competition and Consumer Commission, could break a firm into parts.
Divestiture is currently used in Australia when the competition and consumer commission considers proposed mergers....
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