Managers of Wealth Asia Pacific

OurCrowd announces MAS licence approval, ready to market its platform to Singapore market

The company also highlights the role played by its UOB partnership in this milestone

Singapore files more charges, sets trial dates for ex-BSI banker

 Malaysian state investment company 1MDB is at the centre of several international investigations into alleged corruption and money laundering by public officials.

Cyprus offers Thai investors EU citizenship

Competitive deals over its EU counterparts include lower capital-gains tax and lower minimum capital

Swiss HSBC account holders bent on cross-examining persons who shared their information with India

Several HSBC accountholders in their appeals to challenge the claims of the tax department have underscored the right to cross-examine.

IMF to assess strength of New Zealand financial services sector

The reasons exist for the differences included the structure of the financial system and the regulatory and supervisory system the Reserve Bank of New Zealand had developed to meet New Zealand conditions.

Bangladesh officials to meet Fed, US investigators over heist - sources

The New York Fed in June wrote to the Philippines' central bank, prodding it to help Bangladesh Bank recover the money that was transferred to beneficiary accounts at the Manila-based Rizal Commercial Banking Corp before most of that was laundered th

Number of Licensed Banks in Hong Kong Rises

The granting of this banking license has taken effect on August 12, according to a statement.

Raghuram Rajan calls for revamp of India's bank regulators

Government-owned lenders account for around 70 per cent of lending in Asia's third-largest economy

Mis-selling case: HK court rules against OCBC unit

Bank of Singapore and banker offered elderly couple unsuitable investments, says court

Creditors fear Pacific Andes’ non-US bankruptcies could ‘block’ transfer of Peru assets

In response to the creditors’ filing, Pacific Andes said in an Aug. 10 statement that the matter of the Peruvian subsidiaries was a subject of ongoing discussions with creditors.

Recognition of foreign insolvencies at common law: Singapore sets COMI precedent

High Court of Singapore recognised a Japanese bankruptcy trustee

‘This pension change is so wrong it must be a mistake’

Amendment to the age pension will, according to new research, strip many Australian couples of their hard-earned retirement wealth

China set to choose yuan clearing bank for UAE by end of year

A clearing centre can handle all parts of a currency transaction from when a commitment is made until it is settled, reducing costs and time taken for trading.

Disputes on the rise

Maples and Calder partner John Trehey heads the firm’s Asian litigation, restructuring and insolvency practice.

Panama investigations or cover-up

Finance Minister claims, ‘offshore companies are legal, could be financially beneficial within legal framework, but they could also be used for illicit purposes’

British Banker Back In Court Over Hong Kong Double Murder

No details of the hearing, which organised aspects of the trial, can be reported at this stage due to restrictions imposed by the court.

Nixon Peabody opens representative office in Singapore

This is the firm’s third office in Asia.

New Zealand cuts rates, powerless in global easing race

The RBNZ's challenges became immediately apparent after the central bank decision

ICBC aims for benchmark dollar bond via Dubai by year-end

He said the issue would be benchmark-sized, which is understood in the market to mean at least $500 million.

Cabinet liberalises FDI norms for non-banking financial companies

The Budget for 2016-17 had stated that FDI will be allowed beyond the 18 specified NBFC activities under the automatic route for other activities which are regulated by financial sector regulators.

Legal, Regulation & Compliance