Managers of Wealth Asia Pacific

Cayman toolkit for foreign arbitration

The purpose was to prevent the defendant from enforcing a security they granted over a certain number of its shares (charges) pending the determination of two arbitrations

South Korea Searches HSBC, BNP Paribas Offices

BNP Paribas was ordered to pay 11 billion won ($8.3 million) for naked short-selling, alongside an 8 billion won penalty for its local brokerage unit, while HSBC was fined 7.5 billion won.

BOJ’s Ueda keeps pledge to review stimulus when price goal met

Based on our economic and price outlook as of now

FAAA opposes government intervention in lifetime income market

In its submission to Treasury on the retirement phase of superannuation consultation, the FAAA discussed how to make lifetime income products more accessible.

Banks Sound Off on China Stimulus, Possible Bottoming

There is also the reported consideration of a $319 billion rescue package.

Former director of Reiwa-Capital pleads guilty to using investor funds dishonestly

The money was not used for trading as represented and agreed but was primarily used for personal expenses or purposes unrelated to trading.

Exclusive Singapore wine club closes as ultra-rich shun flash for discretion

The closure of the club, which was launched in 2021, comes as sales of luxury goods such as watches, cars, high-end apartments and golf memberships have tumbled in the city-state

Malaysian lawyer gets death threats after court decision on Islamic criminal laws raises tension

If only they would take the time to read and understand the laws and the reasons behind the challenge, they would understand.

ASIC to crack down on predatory lending

The conduct of directors has long been of interest to ASIC.

Laundering Suspect Accused of Cheating StanChart, BOS

These documents were allegedly intended to show that Chen Qiuyan had legitimate sources of wealth. C

Ocorian expands global regulatory team with Bovill acquisition

Bovill’s team of 81 specialists, complementary services and global footprint will combine with Newgate, Ocorian’s existing regulatory and compliance business in the UK and Guernsey

ASIC announces action against nine SMSF auditors

ASIC will continue to take action where conduct falls short.

Carey Olsen advises Align Partners Capital Management on formation of latest fund

APCM has a proven track record of success in its strategic investment approach

Hong Kong's office named Finalist for two nominations in the asia Legal awards 2024

This nomination further underscores Appleby’s commitment to providing exceptional legal solutions for complex transactions.

No Smooth Sailing for Evergrande's Liquidation

After first missing an offshore bond coupon payment in 2021, Evergrande is entering its final chapter.

Singapore Launderer Slapped With More Charges

The seventh charge alleges that Su forged a certificate of a false Chinese marriage to be fraudulently used as a part of an application for a dependant’s pass in Singapore.

Singapore-Based Samlit Moneychanger Sued

The remittance firm has been accused of breaching agreements over funds frozen in China.

Hong Kong and China Regulators Update Investment Framework in Greater Bay Area

Key changes include the expansion of permissible investments to encompass more high-risk options and clearer guidelines for marketing and sales.

Thailand – New rules for transborder dataflow

The notifications give the case of a transfer made via the systems of a cloud service provider as an illustrative example.

FAAA backs Digital ID to reduce client identification exercises

Advisers also have a critical role to play in the identification of clients and verification of ID documents provided by clients under the AML/CTF legislation.

Legal, Regulation & Compliance