Managers of Wealth Asia Pacific

Sahara Group via subsidiary Amby Valley Mauritius rebids for London’s iconic Grosvenor House hotel

The embattled Sahara Group has yet again bid for London's iconic Grosvenor House hotel

Government asks for advice on how to deal with offshore entities abusing NZ's Financial Service Providers Register

The Government is asking for advice on how to deal with overseas financial service providers misusing New Zealand's Financial Service Providers Register

ASIC tells investment banks corporate culture shift 'needs to happen now'

The boards of several investment banks have been issued with reports on potential deficiencies in their corporate culture, as scrutiny of remuneration and potential conflicts of interest in the industry gathers pace.

Alibaba-affiliated online bank get green light from China regulator

Ant Financial had made 400 billion yuan worth of micro-loans to more than 1.6 million small companies

Indonesia court weighs legal challenge to banking regulator

The Financial Services Authority, known as the OJK, took over supervision of lenders from the central bank last year under a 2011 law on financial institutions

FIIs asks Sebi to simplify licence conditions for trading on stock exchanges

Foreign portfolio managers are pleading with the Indian capital market regulator Sebi to make the terms of the declaration that they sign to trade on local stock exchanges less pervasive.

Bendigo plays trade practices card on default funds

Bendigo and Adelaide Bank has added its voice to the calls for the Government to change the default funds under modern award regime and open it to all eligible MySuper products.

Former Prime Trust directors launch appeal against ASIC bans

The former directors of failed retirement village owner Prime Trust directors – including company founder Bill Lewski and former federal health minister Michael Wooldridge – are appealing a Federal Court finding that they breached their duties

China and Hong Kong broaden financial ties through funds

China and its special administrative region of Hong Kong on Friday announced they will allow cross-border sales of investment funds to retail investors, saying it will increase financial cooperation.

Saxo sues 12 clients after franc turmoil

Saxo Bank, a Danish broker bank stung by losses on Switzerland’s surprise revaluation of the Swiss franc, sued 12 currency-trading clients in Singapore in the latest lawsuits stemming from January’s exchange-rate turmoil

Dr M demands criminal probe after claiming 1MDB’s Cayman ‘cash’ cover-up

The former prime minister said the Finance Ministry’s confirmation that the sum was in assets directly contradicted Prime Minister Najib Razak’s previous parliamentary reply that 1MDB’s funds were brought back from the Cayman Islands and

Genworth Financial faces lawsuit for Australian arm

US pension fund New Bedford Contributory Retirement System has joined a class action against Genworth Financial

Why RM13 billion 1MDB investments may not be worth much

First, it was said to be cash. And now it is described as units. - See more at: http://www.themalaysianinsider.com/malaysia/article/why-rm13.38-bil-1mdb-investments-may-not-be-worth-much#sthash.4AT5sMOt.dpuf

Tax residency of companies

New rule leaves room for discretion in determining whether a foreign company can be said to be resident in India

Foreigners can bid for Woori: FSC

Regulator’s new head says he is determined to succeed this time

Central bank tightens investor LVRs

The changes apply specifically to Auckland, which has been experiencing a Sydney-like boom.

UAE firm sues Korea over taxation

The National Tax Service (NTS) imposed the tax on Hanocal in 2010

Leading law firm launches global team providing offshore and legal advice relevant to tax

Having advised financial institutions, multinational corporates, funds and asset managers on offshore and legal advice relevant to tax for many years, the firm has now drawn together a team of partners with specific tax expertise.

Submit proof to freeze Abhishek Verma's bank account, says Liechtenstein to ED

This is the second time that Liechtenstein authorities have refused to share the details with Indian agencies.

Legal, Regulation & Compliance