Managers of Wealth Asia Pacific

BlackRock Asks Hong Kong to Stop Listed Companies Hoarding Cash

BlackRock Inc., the world’s largest money manager, has asked Hong Kong’s regulators to force companies to return excessive cash holdings to their shareholders.

Fin services lawyers face tech challenge

Fin services lawyers face tech challengeAll lawyers working in the financial services sector will be affected by the rise of fintech and they need to get their head around these changes, one partner has said.

Labuan IBFC meets growing demands of international standards & practices

Labuan FSA, as the regulatory authority, supervises and regulates the various financial institutions including trust companies which are responsible for the registration of Labuan entities.

Warrant issued for Vijay Mallya’s arrest in money laundering case

Special court issues arrest warrant in response to petition in IDBI case; Enforcement Directorate counsel hopes to get Vijay Mallya back in 15-20 days

Madras High Court Sustains Provision Against Foreign Tax Havens

The Madras High Court on Tuesday paved the way for taxing investments from Cyprus as it upheld the central government's decision to classify Cyprus as noticed jurisdictional area.

Bangladesh says 20 foreigners involved in theft from NY Fed

Testimony in the Philippine Senate has indicated the involvement of several Chinese.

UAE fund says Malaysia's 1MDB in default on $1 billion deal

The Abu Dhabi fund said it was terminating last June's agreement, under which it agreed to provide $1 billion in cash as well as assume payments on $3.5 billion of 1MDB debt.

Regulatory Checks In Place To Prevent Abuse of offshore vehicles

The report on April 12 raised a pertinent question: Whether Singapore has enough checks in place to ensure transparency and regulatory compliance in the set-up and operation of offshore vehicles

Korea advised to reform financial regulations

"Singapore built a reputation as a global financial hub because it is open but also well-regulated. It is well-known for its transparent and robust regulatory infrastructure, strong legal system, and supportive tax regime,"

China To Impose Tighter Laws On ‘Wild East’ Hedge Funds

The new rules are intended to further protect investors' legal rights and to regulate the private fund management industry

Credit Suisse Faces Penalty in Japan for Leaking Information

Credit Suisse Group AG faces punishment in Japan after the nation’s securities watchdog found that it leaked private information about a company.

Malaysia 1MDB: Saudi minister says Najib funds were donation

The 1MDB fund was set up by Mr Najib in 2009 to pay for major new economic and social developments in Malaysia.

Spain Court Releases Two ICBC Executives With Conditions

The Madrid court said this weeky only one of the six detained still remains in preventive custody.

World Bank and China-backed Asian Infrastructure Investment Bank join hands

Under consideration are around a dozen projects including water, transportation, and energy developments in East, Southeast and Central Asia.

Top firms for Asia Pacific M&A revealed

King & Wood Mallesons topped the list for number of deals

Swiss authorities expand criminal investigations into Malaysia’s 1MDB

The inquiry has so far shown that about $4 billion appeared to have been misappropriated from Malaysian state companies, Attorney General Michael Lauber said in January.

Singapore to Regulate Fintech Firms Only When They Pose Risk

Singapore is trying to encourage investment in financial technology to boost its role as a regional banking hub.

Leading ASEAN law firm & Al Aidarous Form Strategic Alliance in Middle East

Chambers Global and The Legal 500: Europe, Middle East & Africa have recognised WongPartnership in the areas of Corporate/Commercial, and Real Estate and Construction since 2011 and 2014 respectively.

Mid-East company denies links to 1MDB

Both firms said yesterday they had never received payments from the company with the almost identical name, nor assumed any liabilities on its behalf, Reuters reported.

APRA releases report on Trio investigation

APRA's focus was on the conduct of Trio as a corporate trustee and the conduct of individual directors between November 2003 and December 2009.

Legal, Regulation & Compliance