Managers of Wealth Asia Pacific

India, Brunei sign pact to exchange information on tax, banking matters

The agreement also provides for mutual assistance in collection of tax revenue claims between both countries, according to an official statement.

J Safra Sarasin gets first China inbound quota

Bank J Safra Sarasin became a first-time RQFII recipient, while Allianz GI doubled their quota, according to records from the regulator.

Hong Kong Court Dismisses Short Seller’s Trading Ban Appeal

The tribunal ruled in 2016 that Left had committed market misconduct

Ogier advises LionRock on acquisition of Inter Milan stake

We are delighted to have acted for LionRock

India and Brunei sign tax information exchange agreement

If approved by the two counties, the TIEA will help to curb tax evasion and provide much needed mutual assistance between the revenue officials of these two countries.

Mourant wins India Business Law Journal Deal of the Year

The team working on the matter comprised Mourant lawyers based in Guernsey, Jersey and the British Virgin Islands.

How far has Korea's FSS got in investigation of Merrill Lynch high-speed trading case?

The FSS and KRX had strengthened their monitoring of the investment bank after a large number of retail investors

Former China Development Bank official punished for 'disciplinary issues'

Guo did not pay private contractors who renovated the bank’s office building for renovations to his own home and sold his home to a bank loan client at a price clearly above market value, the statement said.

RBI suggests major changes to top bank executives' pay structure

Banks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay.

Singapore becomes India's top FDI source, Mauritius slips behind

Singapore crossed 41 per cent during April and December 2018 to nearly USD 13 billion.

'Best in show' a no go: KPMG

Seven opted to change product pricing or fees to increase competitiveness, while a further five were discovered to have better performance than first appeared.

Appleby advises on several of China Business Law Journal's 'Deal of the Year'

The leading offshore law firm advised on two award winning transactions.

Hajj application process under govt scheme begins

The Ministry of Religious Affairs earlier announced that 200,000 Pakistanis will perform Hajj this year.

Regional banks eyed to help small businesses find successors

Panel to mull giving Japanese lenders more stakes in rudderless companies

Chief economist update: The RBI surprises (again)

Can't blame them, although Indian inflation was slowing at the time, the rupee's depreciation and soaring oil prices gave perfect rationales for these rising inflation expectations.

Australian watchdog finds widespread inappropriate advice at HSBC

The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.

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.

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

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

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

Legal, Regulation & Compliance