Managers of Wealth Asia Pacific

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

ASIC commences civil penalty proceedings against Squirrel Superannuation Services

ASIC alleges that between around March 2015 and July 2018

Appleby Acts as Cayman Counsel to Datang Group Holdings Limited

The Appleby team was led by Asia Group Head and Partner Judy Lee and Partner Chris Cheng with assistance from Legal Manager Kaile Yang.

Taiwan regulator may ban Fuh Hwa from BLF mandates over bribery scandal

Mr. Yu allegedly received bribes from Taiwanese investment firm PJ Asset Management to buy local stocks at prices higher than market value using BLF money.

Shanghai, Shenzhen Bourses Implement Revised Delisting Rules

The draft rules specified that companies found to be inflating their net profit or total profit by more than 100 percent for three consecutive years would be mandatorily delisted, provided that the total inflated amount is more than CNY 1 billion.

Carey Olsen partners featured on China Business Law Journal's 2020 A-List

To identify the leading individuals, researchers invite thousands of in-house counsel and China-focused lawyers at both PRC and international law firms to nominate those they consider to be the top private practice lawyers for the Chinese market.

Cambodia law allowing government bond issuance takes effect, report says

The government securities will be listed on the bourse “soon”, the Phnom Penh Post reported on December 21, quoting Sou Socheat, director-general of the Securities and Exchange Commission of Cambodia.

Brunei ruler wants pension fund to address members’ concerns, report says

The Sultan spoke to reporters during an unscheduled visit to the Ministry of Finance and Economy on December 31.

Non-banks to dominate digital banking application

Last Thursday, BNM said the licensing framework for digital banks enables the innovative app to uplift the financial wellbeing of individuals and businesses, and foster sustainable growth.

The Year Ahead: Developments in Global Litigation and Arbitration in 2021

Our report features economic analysis from The Economist Intelligence Unit, and legal analysis from our team of more than 1,000 disputes specialists across 77 offices.

Jack Ma arrested? Chinese media says Alibaba founder 'embracing supervision'

Ma's disappearance has fuelled speculations that he is either arrested or placed under house arrest. China has a track record of not revealing information on arrests of big personalities, so under 'supervision' could well mean jail

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Self-exiled former Hong Kong lawmaker Ted Hui accuses HSBC of ‘embezzling’ his money by freezing his credit cards

Ted Hui, who is currently in Britain, maintained the cards’ cancellation was a ‘political consideration’

Singapore police arrest 230 for role in scams involving S$2.9mil

They are being investigated for the offence of cheating or money laundering.

Ant's equity investments said to be under probe by Chinese regulators

Regulators announced last Sunday an antitrust investigation into Ant's sister company Alibaba and also ordered Ant to shake up its lending and other consumer finance operations.

Easier rules to help more investors diversify portfolios and hedge risks

"We definitely see immediate impact," said Thomas Fang, head of China global markets and QFII representative with UBS, a multinational investment bank.

BNM Opens Six Month Application Period for Digital Bank Licences

The policy document was issued for public consultation in March, introducing a simplified regulatory framework applicable during a digital bank’s foundational phase, during which it will be able to demonstrate viability and sound operations.

Vicky Lord and Ian Mann named in China Business Law Journal’s A-List 2020

Elite lawyers are selected from the nominations of professionals at a wide range of Chinese and international companies, law firms and other organisations.

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

The Stay Rules are designed to address the cross-border risks to orderly resolution arising from the early termination of financial contracts governed by non-Hong Kong law, in line with the contractual approach to giving effect to cross-border resolution

Beijing’s Ant-Eaters

The ruling Party shows Jack Ma and investors who’s the real boss.

Legal, Regulation & Compliance