Managers of Wealth Asia Pacific

IFLR Asia-Pacific Awards 2019: shortlist revealed

The national law firms of the year and pro bono firm of the year will be announced on the night.

19 Malayalis accused in Rs 1,200 cr UAE bank loan fraud

Investigations have been initiated in Kerala against 46 companies that were based in UAE. It is learned that around 100 companies including those owned by Malayalis are involved in the swindling. If the other companies are taken into account, the total am

Appleby continues its upward trajectory in Asia

Legal 500 Asia Pacific recognises Appleby in its latest edition

Malaysia Restricts Crypto Activity Until New Guidelines in Place

Any person offering an ICO or operating a digital asset exchange without the SC’s approval will face up to 10 years imprisonment and a fine of up to MYR 10 million (USD 2.43 million), he added.

Luxembourg and Hong Kong regulators ink mutual fund recognition agreement

MRF operates on the principles that, in respect of a Luxembourg Covered Fund that has been authorised by the CSSF and is seeking or has received authorisation for offering to the public in Hong Kong

'Betting $3 million a day on football games': lawyer gets three years for fraud

He claimed the number belonged to Mr Gordon's son Andrew, a director of his father's companies, and impersonated the younger Mr Gordon when he authorised the bank to release $6.95 million.

Singapore's most influential lawyers aged 40 and under for 2018

On its fifth year, Singapore Business Review's list includes lawyers specialising in shipping, aviation, cross-border mergers and acquisitions, joint ventures, private equity transactions, and international arbitration.

New S$75 Million Grant To Enhance Singapore's Role As An Enterprise Financing Hub

GEMS will be a three-year initiative to help enterprises seeking to raise capital through Singapore’s equity market.

Singapore Parliament Passes Payment Services Act

The licensing categories include account issuance services, domestic money transfer services, cross border money transfer services, merchant acquisition services, e-money issuance services, digital payment token service and money-changing services.

China’s Rules for Blockchain to Take Effect in February

Blockchain startups will have to register within 10 days of commencing their services through a dedicated service portal, and companies developing new products will have to undergo a “safety assessment”.

Bank of Japan eases at slowest pace in Kuroda era

Last year saw smallest gain in monetary base since 2013

Hong Kong, Luxembourg Sign Mutual Recognition of Funds Agreement

Eligible Hong Kong funds must be authorised by the SFC and comply with the applicable laws and regulations in Hong Kong if they seek authorisation to be marketed to retail investors in Luxembourg.

Gov’t boosts finance industry

A tax-exempt fund can invest in local and overseas private companies. I am hopeful that the new tax treatment will take effect very soon.

It’s Getting Foggy Out There by Gary Dugan

UK also faces the prospect of freezing over as the North Pole sees temperatures rise

Coincheck Gets Cryptocurrency Exchange License from Japanese Regulator

The service approval is effective immediately, and it is said to enforce strict rules, privacy terms, and clear regulatory measures.

ClearView director dismissed of charges

The charge against Mr Brown has not been proven and his employer, NASFUND, is fully supporting Mr Brown, believes he has not breached any laws and has stated that it will support Mr Brown in his defence of the charge.

Chinese direct investment in US and Europe falls by 73 per cent to a six-year low as firms face tougher scrutiny

New investment screening rules abroad hit China’s outbound investment in 2018, with 21 Chinese acquisitions cancelled by foreign regulators

OurCrowd and Korea’s KEB Hana Bank Sign Investment and Partnership MOU

This latest step forward, in addition to the partnerships we have established in Korea, will help leverage incredible commercial potential as we deepen the interface between the two countries’ industrial collaborations in various hi-tech fields

Hong Kong SFC fines Bermuda-registered life insurer over regulatory breaches

FWD Life is a direct underwriter of long term life insurance and is registered in Bermuda, but is based in Hong Kong.

ASIC suspends online broker AFSL

ASIC has suspended the AFSL of an online stockbroking firm until 10 January 2020.

Legal, Regulation & Compliance