02/24/2019
Interim digital services tax to be implemented ahead of OECD work
It is intended that a New Zealand DST be introduced as an interim measure until the OECD reaches a consensus.
Legal, Regulation & Compliance
02/24/2019
China Strengthens AML/CFT Regime with New Guidance
The new measures mostly cover improvements to internal controls at banking financial institutions, improvements in the supervision mechanism, and clarifications on market access standards – which together establish the basic framework of the financi
02/24/2019
HKMA Turns Up the Heat, Announces Consultation on IBOR Transition
The outcome of this consultation will be a turning point for financial services firms preparing for life after LIBOR, and has important implications for the contractual design and incorporation of “fall-back” provisions in existing derivative
02/24/2019
Changes to incentive regimes include modifications in line with BEPS action 5
Similar changes to introduce substance requirements and exclude IP income from incentives that affect multiple regimes are described briefly below
02/22/2019
EU, Singapore Agree to Mutually Recognise Derivatives Trading Venues
The trading obligation would cover interest rate swaps denominated in several currencies such as US Dollar, Euro and Pound Sterling.
02/22/2019
EU, Singapore Agree to Mutually Recognise Derivatives Venues
The Commission may pass an equivalence decision to recognise a list of organised markets established in Singapore
02/22/2019
Law firms jostle for lead role in Goldman Sachs-1MDB suit
They stand to collect the most in fees in the event of a settlement or favourable verdict.
02/22/2019
Bahamas Signs $12 Million Bilateral Agreement With China for Economic and Technical Cooperation
Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo said that today was a ‘good’ day for the two countries.
02/22/2019
ASIC welcomes new whistleblowing laws
ASIC (the Australian Securities and Investments Commission)’s current whistleblower regime only offers protections to current officers, employees and contractors.
02/21/2019
PM directs FBR to tighten noose around big tax dodgers
This was the PM’s second meeting on tax issues in past two weeks but like the last time he was again disappointed with the extremely poor performance of the FBR
02/21/2019
Enhancing Africa-China Investments
The Central Bank of Nigeria announced the signing of a $2.5 billion currency swap agreement with China in April 2018.
02/21/2019
South Korea Market Reforms Sought by Group Led by U.S. Investor
Korean companies need to be pushed to make better decisions on how they deploy capital
02/21/2019
Firms reveal Singapore growth strategies
Schroders and Meyado talk technology and opportunity on the back of recent acquisitions
02/21/2019
Continual Growth: Appleby advises on 51 HKEX listings in 2018 totalling an impressive HKD 9.5 billion
Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market of the Hong Kong Stock Exchange.
02/21/2019
Appleby advised on 51 HKEX listings in 2018
Appleby acted as offshore counsel in listings on both the Main Board and the Growth Enterprise Market of the Hong Kong Stock Exchange.
02/21/2019
Standard Chartered sets aside $900m for fines in US and UK
Emerging markets bank says funds will be used for ‘previously disclosed investigations’
02/20/2019
Australia's major political parties have been hacked months out from a federal election, Prime Minister Scott Morrison reveals
Just two weeks ago, the Australian Cyber Security Centre identified a malicious intrusion into the Australian Parliament House computer network.
02/20/2019
Modi gets $4bn from India’s central bank before elections
The RBI dividend will help Modi’s government partly bridge a budget gap and could be key to funding an income support programme for farmers ahead of a national vote due by May.
02/20/2019
Accountant banned for bad SMSF advice
ASIC also determined that by recommending her accountancy practice - Saber Accountants - prepare the annual accounts and tax returns for SMSF clients, she had effectively recommended the services of a related party so as to earn extra revenue for herself.
02/20/2019
ASIC the enforcer: Regulator reveals raft of investigations in the works
ASIC has revealed it is currently working on almost 40 cases including prioritised work on 11 specific referrals from the Royal Commission in relation to eight entities.