Managers of Wealth Asia Pacific

Singapore: New law allows transfer of tax incentive awards, enhances investment allowance scheme

The relevant incentive schemes are the Pioneer Industry Award, Pioneer Service Award, and Development and Expansion Award.

Credit Suisse Faces New Lawsuit in Singapore Over Rogue Trader

Credit Suisse has sought to limit to court battles over Patrice Lescaudron, the bank’s former star wealth manager, to Geneva where he was convicted in 2018.

‘Business As Usual’ for Hong Kong Banks, says HKMA Chief

“It is natural for financial institutions to assess operational risks,”

Covid Disrupts APAC LIBOR Transition, But Market Participants Unfazed

The poll was conducted among 170 corporate treasury, finance and legal executives in Asia Pacific via an virtual roundtable on 8 July

BREAKING: Goldman Sachs settles 1MDB scandal with Malaysia for $3.9bn

As reported, the case relates to bond sales that Goldman Sachs arranged and underwrote for 1MDB, from which the US Justice Department alleges $4.5bn was stolen to which the bank said the charges were "misdirected".

Hong Kong Monetary Authority announces LIBOR transition milestones and provides guidance on prudential issues

As advised by the HKMA, AIs should implement a detailed work plan (by product and by business line) to achieve the milestones. If they anticipate difficulties in achieving the milestones, they should reach out to the HKMA as soon as possible.

Ogier has advised China New Energy Limited in its delisting and subsequent global offering

The team was led by Nathan Powell, working with Janice Chu and Jenson Ng.

Investigations and Enforcement under Hong Kong's National Security Law – "One Law, Two Systems"

The Law anticipates application under both the jurisdiction of the HKSAR and of Mainland China (the Mainland).

Ex-Blue Chip boss Mark Bryers arrested in Australia

A Herald on Sunday investigation found during the peak of Blue Chip's operation he was a big-spender at an Auckland brothel.

ASIC will not appeal wagyu and shiraz decision

The regulator said it would have been open to seeking special leave to appeal to the High Court but it is mindful of the impact of the additional time it would take to resolve during the current economic environment.

New Zealand: Two companies fined $7.5 million for breaching money laundering laws

Breaches of the act had occurred over a five-year period, and he said “aggravating conduct” included multiple attempts to mislead the department.

Philippines seeks Qatari expertise in Islamic finance

Plaza, in the previous forum, highlighted Peza’s 10-point programme, citing plans to build ‘eco-towns’, ‘eco-cities’, and new metropolitan areas in every region in the Philippines.

Goldman Execs in Malaysia for 1MDB Negotiations

Malaysia’s attorney-general, Idrus Harun, will lead the country’s discussions with Goldman Sachs and while both sides undoubtedly hope to reach an agreement, «it depends on what GS is bringing to the table».

MAS to Seek Enhanced Powers

The harmonised power to impose requirements on technology risk management, and the provision of statutory protection from liability to mediators, adjudicators and employees of an operator of an approved dispute resolution scheme.

Rising Stars: Thailand law firms

Asia Business Law Journal’s inaugural Rising Stars series turns to Thailand’s legal market to shine a light on the challenger firms that are carving out a name for themselves.

5th UK-Singapore Financial Dialogue discusses financial markets developments and future areas for bilateral cooperation

The Dialogue enabled a useful exchange of views and of stronger financial and economic cooperation between the two countries in a number of key areas.

Laos central bank unveils new forex rules after local currency’s decline, report says

The new rules also prohibit foreign currency exchange at unregistered locations, or at rates that don’t comply with the rates set by the central bank.

Singapore Exchange Deepens Cooperation With Nasdaq

SGX and Nasdaq established a collaborative listings agreement in 2017, which helps SGX-listed companies who are looking to extend their reach in the capital markets and raise their profile in the United States.

SGX, Nasdaq Agree to Streamline Dual Listing Process

“Investors with interests in companies that have a profile in both markets will benefit from this regulatory cooperation.”

AZB advises struggling Yes Bank on US$2bn FPO

Linklaters’ team was led by its Singapore-based partner, Amit Singh, and included associate Calvin Soon.

Legal, Regulation & Compliance