12/17/2015
A Stern Warning from the Supreme Court in England to Spouses who Hide their Assets - Withers
Implications for Hong Kong?
Legal, Regulation & Compliance
12/16/2015
Crunch Time for Indonesia Central Bank as Fed Prepares to Raise
Yet policy makers are signaling they are not ready.
12/16/2015
Doing Business in China: Unlock Investment Opportunities - King & Wood Mallesons
Emerging opportunities in e-commerce, finance and new ways to appeal to China’s increasingly sophisticated consumer base, are transforming the commercial landscape for investors.
12/16/2015
South Korean tycoon Lee Jay Hyun jailed for fraud, tax evasion
The court also handed down 25.2 billion won (S$30 million) in fines.
12/16/2015
Hong Kong Court refused to make a grant of administration ad colligenda bona for lack of special circumstances and special justification
The application related to the interests of the deceased in a BVI company called Five Star. Five Star held a substantial number of shares in Paladin, a listed Hong Kong company, which in turn owned a valuable property on the Peak (Peak Property).
12/16/2015
China takes important step to boost international co-operation against tax evasion
The G20 Leaders have repeatedly stressed their commitment to automatic exchange of information, most recently at their November meeting in Antalya, Turkey.
12/16/2015
US and Chinese Financial Intelligence Units sign Memorandum of Understanding to facilitate information sharing
Regulators are working more closely than ever before
12/16/2015
Former Bangkok Bank of Commerce executives get six years for cheats in 1996
Former BBC executives get six years for cheats in 1996
12/15/2015
Chinese Regulators Welcome New industry Association
This points to the streamlining and trimming of the existing regulatory framework.
12/15/2015
Myanmar central bank to grant new foreign bank licences
The licence will be for onshore wholesale banking through a branch, and a call for expressions of interest will be made in early 2016
12/15/2015
Hong Kong watchdog fines JPMorgan for dark pool, control failures
Control failures also led the bank's broking and securities units to breach the rules governing how short sale trades are aggregated and documented.
12/15/2015
ASIC bans NAB-aligned adviser
ASIC also found Tidbury failed to accurately disclose fees associated with the advice and failed to provide sufficient information to clients about the charges associated with the switching of their financial products.
12/14/2015
Swiss bank’s colossal raisings take it back to mountain top
The colossal raisings from the nation’s largest lenders, prompted by a tightening regulatory environment, propelled ECM activity volumes back to levels last seen in 2009, the peak of the global financial crisis.
12/14/2015
Chinese tycoon who modeled himself on Warren Buffett helping authorities with probe, his firm says
Guo’s disappearance came in the midst of a far-reaching crackdown on corruption launched by President Xi Jinping.
12/14/2015
Court shuts Avestra schemes linked to 1MDB crisis
The report, compiled by Simon Wallace-Smith and Richard Hughes of Deloitte and released to The Australian by the court, also reveals that a Cayman Islands vehicle linked to the 1MDB scandal is the owner of the Avestra Credit Fund, which backed a takeover
12/10/2015
Securities Commission Malaysia Revokes Licences Of Mercury Asset Management
Ng’s CMSRL was revoked under section 72 read together with section 65 of the CMSA when she was found to have engaged in improper business practices
12/10/2015
China's Anti-Corruption Drive Nets Another Top Banker
He’s the latest to be demoted.
12/10/2015
Citi To Provide Execution to Custody Services for Spain’s Renta 4 Bank To Access China A-Shares Through Shanghai-Hong Kong Stock Connect
Citi will facilitate the trades by providing an integrated pre- and post-trade solution including execution, settlement and custody services.
12/08/2015
SECP steps to boost mutual funds
Overall expenses of mutual fund are capped through the introduction of expense ratio concept as being followed in multiple international jurisdictions.
12/08/2015
CBA executive awarded $300,000 after 'hellish' bullying
The victim, CBA's head of customer relations Brendan French, has not yet decided whether to enforce the award against his defamer Michael Fraser, who has no assets.