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ASIC wants KPMG receivers to investigate Sequoia’s sale of Interprac
Concerned Sequoia Wealth wants to limit liability for claims linked to the $1 billion collapse of the Shield and First Guardian funds, ASIC has asked a court to appoint receivers from KPMG to probe the sale of Interprac Financial Planning.
Construction PRO
Builder Impero Group goes into liquidation
Construction company Impero Pacific Group has been placed into liquidation with a reported $21 million in debts.
Construction PRO
NextDC launches $1B securities offer as data centre growth surges
NextDC has issued a $1 billion wholesale securities offer to finance its growth, as the global data centre business booms on the back of an AI frenzy.
Latest MWL Financial adviser DQ’d for steering investors to Shield
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
Construction PRO
Hammer not having it: Trial in APAC, Dexus row starts, then stops
Questioning of the first witness in Dexus' case against Melbourne Airport's operator was an hour in when trial was halted by the judge, who complained of flying by the seat of his pants, documentary evidence-wise.
Construction PRO
Wagners sells industrial portfolio to Ascot Capital for $43M
Property developer Ascot Capital has acquired a Queensland industrial portfolio from construction materials company Wagners in a $43 million leaseback deal.
Construction PRO
Woolworths must produce Big W closure strategy docs in row with landlord
A Woolworths entity must hand over documents concerning its plan to close unprofitable Big W stores in a stoush with a Brisbane shopping centre owner over an alleged breach of a 20-year lease.
ACCC taps keg supplier’s acquisition of rival for in-depth review
The competition regulator will further probe US keg company MicroStar's proposed acquisition of the assets of rival keg pooling service Konvoy, saying the transaction could substantially lessen competition.
Construction PRO
Romeciti appeals $9M SOPA judgment for Watpac over Natura development
Sydney developer Romeciti is challenging a $9.19 million payment adjudication in favour of construction company Watpac in connection with a $450 million high-end residential complex in Macquarie Park.
IP Australia says f*ck yeah to vulgar trade mark
Saying swear words are now part of the common vernacular, IP Australia has cleared a vitamin company's foul- mouthed trademark for registration, on the proviso that the branding is restricted to goods aimed at adults.