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Keystone’s Paul Chiodo faces grilling in court over $1B collapse of funds
The property developer linked to collapsed investment funds Shield and First Guardian took the stand in court on Wednesday to face a grilling by liquidators, as investigators try to claw back the $1 billion in missing investor funds.
OAIC won’t take action against court transcriber over data breach
The Office of the Australian Information Commission will not take action against defunct court transcription services provider VIQ Solutions over the unauthorised access of court recordings, despite finding there may have been a privacy breach.
Chemist Warehouse, Hemmes among targets of ASIC fines
The operator of pharmacy chain Chemist Warehouse and hospitality giant Hemmes Group are among companies that copped a total of $4.4 million in fines for missing the FY25 financial reporting deadline, ASIC said Wednesday.
Potentia opposes NY venture capital firm’s ‘Cortentia’ trade mark
Potentia Capital is fighting a NY-based technology investment and venture capital firm's bid to register 'Cortentia' as a trade mark, after a delegate recently restricted the 'Potentia' mark to private equity investment services.
IP Australia upholds opposition to patent for fish oil capsules
IP Australia has upheld natural medicine company Pharmazen's opposition to Pharmalink's proposed patent for green-lipped mussel oil and krill oil capsules, finding the claims lacked novelty and an inventive step.
iSignthis loses challenge to $10M penalty in ASIC case
The Full Federal Court has upheld a finding that fintech iSignthis made misleading representations to shareholders, as well as a decision socking it with a $10 million penalty.
Sharetea cops $39,600 penalty for not-so-sweet contract terms
Bubble tea chain Sharetea has been hit with $39,600 in penalties after the ACCC expressed concerns that a term in its agreements requiring franchisees to foot the bill for any disputes ran afoul of the Franchising Code.
IP Australia tears apart trade mark opposition by INXS
INXS has had mixed success in its challenge to a Chinese clothing company's IMXS trade mark, with IP Australia allowing an amended version of the disputed mark to be registered.
BDO employee sent pic of cash under table during Dubber audit, court hears
In a failed bid for discovery of internal communications at BDO Audit, Dubber has claimed a BDO employee sent an illustrated image of cash being passed under a table while discussing the firm's audit of the software company.
ASIC sues Falcon Capital directors over First Guardian fund
The securities regulator has launched proceedings against the former directors of Falcon Capital, the latest action by ASIC over the First Guardian Master Fund, which collapsed in 2024 taking $600 million in investor funds with it.