06/04/2015
Leading offshore law firm announces partner promotions
These moves are in response to the huge success of both the BVI and Hong Kong offices
Legal, Regulation & Compliance
06/03/2015
Ross Asset Management investor tries to keep his name secret
The identity of the investor was suppressed in a test case heard in the High Court at Wellington in February.
06/03/2015
New Company Incorporations Rise in Majority of Offshore Jurisdictions in 2014
Mauritius standout of all offshore jurisdictions, onshore comparator China remains ‘world’s engine room’ for company registrations
06/03/2015
Vietnam C.bank tightens rules on lending, ownership to curb fraud
Vietnam's central bank will tighten lending from mid July to individuals or institutions that exceed its bank share ownership limits
06/03/2015
US returns Garcia's ill-gotten wealth
The US Attorney's Office for the Southern District of New York then initiated civil forfeiture proceedings against those assets and eventually obtained default judgments of forfeiture, the statement added.
06/03/2015
New Malaysia guidance to tackle uneven Islamic finance practices
Malaysia's central bank said it would finalise operating standards for all major Islamic finance contracts by the end of this year, creating the first comprehensive set of practical guidance for the industry.
06/03/2015
Australia launches crackdown on ‘fleecing’ bank culture
Australia’s corporate regulator is to launch a crackdown on the country’s banking culture
06/03/2015
Bank Negara Issues New Guidance To Tackle Uneven Islamic Finance Practices
Malaysia’s central bank said it would finalise operating standards for all major Islamic finance contracts by the end of this year
06/02/2015
RBA leaves interest rates on hold: What every investor needs to know
The Reserve Bank of Australia’s stance on monetary policy has not changed since May with the central bank leaving the cash rate on hold at a record low of 2 per cent.
06/01/2015
Adverse impact of Indonesia’s new ruling
Malaysian Rating Corp Bhd head of banking Sharidan Salleh said the challenging economic environment and the rise in asset quality risk in the Indonesian banking landscape would make Malaysian banks to be cautious on acquisitions.
06/01/2015
BNP Fined $1.4 Million in Hong Kong for Unreported Cross Trades
As a licensed corporation, BNP also failed to employ effectively resources and procedures needed for the proper performance of its business
06/01/2015
Deacons acts for RaffAello Capital in relation to the GEM listing
Golden Power is principally engaged in the manufacture and sale of a broad range of batteries for various electronic devices
05/31/2015
East Asia-Pacific region to remain resilient, say central bankers and monetary authorities
As economic restructuring proceeds in the region, productivity performance should pick up.
05/31/2015
SFC and CSRC sign agreement on Mainland-Hong Kong Mutual Recognition of Funds
The Memorandum also established a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of funds.
05/29/2015
APRA calls for banks to change pay to improve culture
All the effort to build bigger capital buffers in banks would be undermined if they are not accompanied by changes in behaviour inside those banks
05/29/2015
10 financial advisory firms may have breached anti-competition law
The 10 parties now have six weeks to make representations before CCS issues its final decision.
05/29/2015
China's central bank acts to drain excess liquidity
China's central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors
05/29/2015
A&G dominant at Southeast Asia Law Awards
Allen & Gledhill dominated the 11th edition of the annual ALB Southeast Asia Law Awards
05/28/2015
A court just gave Gina Rinehart's daughter, Bianca, control of the $4 billion family trust
The trust holds 24% of Gina Rinehart’s Hancock Prospecting.
05/28/2015
US prosecutors allege 'World Cup' of football fraud, money found in offshore Hong Kong accounts
The officials are charged with conspiring to solicit and receive more than USD150 million (HKD1.16 billion) in bribes and kickbacks in exchange for their support of marketing executives who agreed to make the illegal payments.