Australia: Filed ASIC public lawsuit against PayPal for allegedly using unfair contract terms with small businesses
Description
Filed ASIC public lawsuit against PayPal for allegedly using unfair contract terms with small businesses
On 7 September 2023, the Australian Securities and Investments Commission (ASIC) filed a public lawsuit against PayPal for allegedly using an unfair contract term with small businesses. In particular, ASIC has initiated legal proceedings against Pay…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body