Managers of Wealth Asia Pacific

Singapore couple sues ex-Julius Baer RM for share sale losses

Fiona Lee and her husband sue their former relationship manager for negligence in monitoring investments, alleging missed trading opportunities caused losses.

FSTB and InvestHK jointly attract over 200 family offices to Hong Kong and achieve early completion of KPI

Subsequently, the FSTB published in March 2023 a policy statement to demonstrate the Government's commitment to enhancing the ecosystem for family offices and asset owners.

Harneys wins Offshore Firm of the Year at the 2025 ALB Hong Kong Law Awards

The Asia team has also picked up many deals of the year and practice-specific awards.

HKMC and CICC Sign MoU on Co-operation of Infrastructure Financing and Securitisation

A partnership with CICC is expected to assist in taking our business to the next level, enabling both sides to further pursue a common goal in promoting Hong Kong as an infrastructure financing hub.”

ASIC proposes to remake relief instrument for non-cash payment facility exemptions

ASIC has assessed that this instrument is operating effectively and efficiently and continues to form a necessary and useful part of the legislative framework.

APRA releases quarterly authorised deposit-taking institution statistics for June 2025

The Quarterly ADI Performance publication contains information on ADIs’ financial performance, financial position, capital adequacy, asset quality, liquidity and key financial performance ratios.

APRA monitors Eric Insurance’s exit from the general insurance market

APRA is closely monitoring Eric’s withdrawal from the insurance industry to achieve the most favourable outcome for policyholders.

James Mawhinney handed 15-year injunctions in ASIC proceedings

This is the culmination of a matter that has taken many years and considerable resources.

Scam alert related to banks

Anyone who has provided his or her personal information

SFC obtains disqualification orders of up to four years against five more former directors of Superb Summit International Group Limited

Under the orders, Chan was disqualified for four years, Law and Cheng each for three and a half years, Qiu for three years, and Li for two and a half years.

Societe Generale Securities Australia fined $3.88 million for market gatekeeper failures

Manipulation of the daily settlement price of electricity and wheat futures contracts has the potential to impact supplier funding costs, and in turn electricity and wheat prices for consumers.

Four Carey Olsen partners named among top offshore litigators in Asia

The list identifies exceptional litigation practitioners who have demonstrated outstanding expertise when handling complex cross-border disputes in Asia.

Hong Kong and Australian courts recognise principles of segregation in Cayman SPCs

The Hong Kong High Court expressly confirmed the validity of ring-fencing of assets in different SPs in an SPC structure.

Joint Statement by the HKMA and the SFC on Stablecoin-related Market Movements

Some of these claims have also mentioned recent engagements with financial regulatory authorities in Hong Kong.

Terraform Labs' Do Kwon Pleads Guilty to US Charges

Kwon originally faced nine charges under the indictment and his sentencing is scheduled for December 11.

NAB and AFSH penalised $15.5 million for failing customers facing financial hardship

As a result, those consumers remained unaware of the outcome of their hardship applications.

ASIC takes action against a further 28 SMSF auditors in FY25

ASIC regulates the conduct of SMSF auditors and will continue to act where conduct falls short.

ASIC remakes incidental retail cover legislative instrument

ASIC will continue to monitor the instrument’s appropriateness

Administrative Review Tribunal upholds ASIC’s 10 year ban on United Global Capital director Joel Hewish

Mr Hewish may seek an appeal in the Federal Court or seek a referral from the President of the Tribunal to the Tribunal’s Guidance and Appeals panel.

APRA’s plans to support small and medium-sized banks

The government welcomed all nine actions from regulators

Legal, Regulation & Compliance