Managers of Wealth Asia Pacific

MAS Expands Scope of Regulated Payment Services; Introduces User Protection Requirements for Digital Payment Token Service Providers

These amendments will take effect in stages from 4 April 2024.

ASIC wins first greenwashing civil penalty action against Vanguard

ASIC Deputy Chair Sarah Court said, ‘By Vanguard’s own admission, it misled investors on a number of its claims.

MAS Launches COSMIC Platform to Strengthen the Financial System’s Defence Against Money Laundering and Terrorism Financing

The Financial Services and Markets (Amendment) Act 2023 and accompanying subsidiary legislation, which set out the legal basis and safeguards for such sharing, commenced on the same day.

Asia-Pacific bank capital raises hit 4-month high on TLAC demand in China

China's banking regulator allows lenders to issue total loss-absorbing capacity

Digital offerings like EzyWasiat strengthen Maybank Islamic Wealth Management

A holistic, end-to-end suite of Shariah-compliant wealth management offerings gives Maybank Islamic an edge with customers.

SMBC Secures Approval For GIFT City Branch in India

The new branch will focus on the foreign currency-denominated lending business to clients in India.

Clyde & Co offers Credit Suisse AT1 bondholders opportunity to seek effective public international law remedy

Clyde & Co is now planning to launch a series of investment arbitration claims

It's finally here – BNPL to be incorporated into the existing consumer credit regulatory framework

Treasury consultation on the proposed reforms is open until 9 April 2024.

Asset managers eyeing investment opportunities in growing Chinese Mainland market, says KPMG China

Hong Kong government continues to introduce new regulations to build a healthier and more stable asset management ecosystem

IFPHK and FPSB China Sign Cross-Border Collaborative Agreement

The signing ceremony was attended by distinguished delegates

BEA Partners with PAOCCRA to Enhance Loan Approval Efficiency

The approval process is as quick as three working days

ANZ agrees to settle credit cards class action

The settlement is without admission of liability and remains subject to court approval.

Appleby's Hong Kong Office Garners Two "Deals of the Year"

This USD975 million financing, facilitated by Appleby’s expertise in Bermuda and BVI law, solidified the terminal’s position as Peru’s most significant investment endeavour of 2023.

Withers represented Shun Ho Property Investments in historic mansion acquisition | Hong Kong

The strategic acquisition comes at a time when the luxury residential market in Hong Kong is witnessing a resurgence, following the government's decision to scrap all property purchase restrictions.

Singapore: Withers KhattarWong Future Female Leaders Award

As the firm celebrates its 50th anniversary in Singapore, this award reflects and underscores our commitment to fostering leadership and advancing gender empowerment within the legal profession.

Carey Olsen shortlisted for Chambers Asia-Pacific and Greater China Region Awards 2024

Nominees are selected based on extensive research and thousands of interviews conducted by a team of over 200 analysts

Appleby's Hong Kong Office Advises WK Group (Holdings) Limited

The net proceeds from the share offer will be used for financing the up-front costs of WK Group’s projects

Maples Group Excels Winning Six China Deals of the Year 2023

In a year marked by intense competition, this is a remarkable achievement for the Maples Group.

ASIC cancels AFS licence of Suetonius Wealth Management Pty Limited

ASIC had suspended Suetonius’ AFS licence from 17 November 2023 to 28 February 2024

ASIC and APRA release a cross-industry information package on the Financial Accountability Regime

The regulators intend to engage further with industry as part of the consultation and implementation process over coming months.

Legal, Regulation & Compliance