Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Crescent Funds Management (Aust) Ltd v Crescent Capital Partners Management Pty Limited [2017] FCAFC 2 Appeal from: Crescent Capital Partners Management Pty Limited v Crescent Funds Management (Aust) Limited [2016] FCA 229
File numbers: NSD 517 of 2016 NSD 567 of 2016
Judges: GREENWOOD, EDELMAN AND MARKOVIC JJ
Date of judgment: 12 January 2017
Catchwords: TRADE PRACTICES – misleading and deceptive conduct claims under the Australian Securities and Investments Commission Act 2001 (Cth) – companies engaged in financial services industry – whether business names, domain names and business activities sufficiently similar to be confusing and causative of contravening conduct – distinction between classes of consumer – distinction between sophisticated investors and other investors – occupation of a common field of activity – appeal dismissed TRADE PRACTICES – orders for injunction with disclaimer – appropriateness of unqualified, permanent injunction – appropriate exercise of discretion – appeal dismissed
Legislation: Australian Consumer Law (Schedule 2 of the Competition and Consumer Act 2010 (Cth)) ss 18, 29 Australian Securities and Investments Commission Act 2001 (Cth) ss 12DA, 12DB, 12GF
Cases cited: Anchorage Capital Partners Pty Ltd v ACPA Pty Ltd [2015] FCA 882; (2015) 115 IPR 67 Bridge Stockbrokers Ltd v Bridges (1984) 4 FCR 460 Campomar Sociedad, Limitada v Nike International Limited [2000] HCA 12; (2000) 202 CLR 45 Cardile v LED Builders Pty Ltd [1999] HCA 18; (1999) 198 CLR 380 Christian v Société Des Produits Nestlé SA (No 2) [2015] FCAFC 153; (2015) 115 IPR 421 Crescent Capital Partners Management Pty Limited v Crescent Funds Management (Aust) Limited [2016] FCA 229 Fox v Percy [2003] HCA 22; (2003) 214 CLR 118 Hornsby Building Information Centre Pty Ltd v Sydney Building Information Centre Ltd [1978] HCA 11; (1978) 140 CLR 216 Melway Publishing Pty Limited v Robert Hicks Pty Limited [2001] HCA 13; (2001) 205 CLR 1 Osgaig Pty Ltd v Ajisen (Melbourne) Pty Ltd [2004] FCA 1394; (2004) 213 ALR 153 Parkdale Custom Built Furniture Pty Ltd v Puxu Pty Ltd (1982) 149 CLR 191 Robinson Helicopter Company Incorporated v McDermott [2016] HCA 22; (2016) 331 ALR 550 Sterling Winthrop v R & C Products (1994) ATPR 41-308 Turner v General Motors (Australia) Pty Ltd [1929] HCA 22; (1929) 42 CLR 352
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