09/28/2023
Should advice firms in Hong Kong and Singapore adopt a fee-based model?
One big issue is that the markets are ‘fragmented’
Legal, Regulation & Compliance
09/27/2023
UBS and China's ICBC to explore banking, wealth management ties
The deal includes product development and distribution, client coverage, global market trading, investment and financing, research, asset custody and exchange of expertise.
09/26/2023
Nomura Banker Reportedly Banned From Leaving Mainland China
He would step down from senior positions at China Renaissance’s securities unit afterward and be detained by authorities.
09/26/2023
Philippine securities regulator issues blue bond guidelines
The regulator says the projects must “substantially contribute” to objectives under the United Nations Sustainable Development Goals.
09/25/2023
Malaysia PM Considers 1MDB Settlement With Goldman
In 2020, Goldman Sachs reached multiple settlements worldwide over its involvement in the 1MDB scandal, totalling more than $5 billion.
09/22/2023
HKMA launches Green Fintech Competition
The Green Fintech Competition is part of the HKMA’s efforts to enhance the resilience of the banking sector to climate risk.
09/22/2023
MAS Publishes Inaugural List of Domestic Systemically Important Insurers in Singapore
Resolution planning will enhance MAS’ ability to ensure the timely and orderly restructuring or exit of an insurer if it fails, so as to minimise impact to the financial system and economy.
09/21/2023
More Assets Unveiled in Singapore’s Laundering Scandal
The case was first made publicly known on August 16 and the value of the assets seized was revealed to be S$1 billion.
09/21/2023
Ex-Singapore PM’s Son Charged With False Trading
He has been handed 39 charges under the Securities and Futures Act.
09/21/2023
ASIC sues crypto exchange alleging design and distribution failures
ASIC’s case focuses on Bit Trade’s failure to make a target market determination for the product before offering it to Australian customers, as required by law.
09/21/2023
Singapore as a regional legal hub
Demand for lawyers who know the market, understand the needs of local and regional clients and have strong networks remain high.
09/20/2023
Evergrande’s woes deepen after police detain staff at its shadow bank
Shares in the company tumbled as much as 26% in Hong Kong on Monday but later recovered most of its losses to close 1.6% lower.
09/20/2023
Withers wins Matrimonial and Family Law Firm of the Year at ALB Hong Kong Awards 2023
This is the 10th year the Withers’ family team has received this prestigious award from ALB
09/20/2023
ASIC extends date for financial adviser registration requirement
The reason for the further extension is that the Treasury Laws Amendment (2023 Measures No. 1) Bill (the Bill) remains before parliament.
09/20/2023
MAS Reports Robust Enforcement Outcomes and Enhances Disclosure of Statistics
The Report covers enforcement actions taken during the period January 2022 to June 2023 for breaches of MAS’ regulatory requirements.
09/19/2023
Appleby Wins "Finance Deal of the Year" Award at the ALB Hong Kong Law Awards 2023
Mayer Brown acted as international counsel and Garrigues Peru as Peruvian counsel to the lenders.
09/18/2023
Britain urged to freeze ties with AIIB - China's answer to the World Bank
The Beijing-based lender finances projects in developing countries – many of them allied to China.
09/14/2023
ASIC consults on insolvent trading guidance
The provisions introduced a safe harbour for company directors from civil liability for insolvent trading under section 588G(2) of the Corporations Act.
09/12/2023
Qatar and Malaysia forge partnership to strengthen financial markets
The agreement seeks to develop the financial market’s infrastructure, enhance standards in sustainability, and foster best practices in capital markets.
09/12/2023
UBS to Cut Asian Wealth Jobs
Pre-tax profit at the bank’s wealth management unit in the region fell by 8 percent year-on-year in the second quarter of 2023.