10/22/2014
Swiss banks trying to distance from dodgy Indian clients
The challenge for these customers is to move the money to some other destination without leaving a trail
Legal, Regulation & Compliance
10/21/2014
Bird & Bird to merge with Aussie ally Truman Hoyle
Bird & Bird is to merge with its Australian alliance partner Truman Hoyle a year and a half after signing a co-operation agreement with the TMT firm.
10/21/2014
ASIC to crack down on big four, AMP and Macquarie
Australia's six largest financial advice firms will be subject to surveillance from the Australian Securities and Investments Commission next year to make sure they comply with high-risk areas of the law
10/21/2014
Philippine c.bank issues rules raising minimum capital of banks
The Philippine central bank on Monday spelled out new minimum capital requirements for banks, a move that will force some to increase their levels sixfold and which analysts say should accelerate industry consolidation.
10/21/2014
Walkers Advises Blackstone in Take Private of China's Pactera
Ropes & Gray LLP acted as instructing counsel for Blackstone and the date of completion was March 2014.
10/21/2014
Abu Dhabi Global Market recognises regulatory soul mate in Singapore
But one centre has appealed to ADGM more than the others: Singapore
10/20/2014
China's rich spur Taiwan to tackle Singapore, Hong Kong private banks
Taiwan is considering easing more rules on structured products as it vies with Singapore and Hong Kong to woo wealthy Chinese investors.
10/20/2014
Simpler Chinese foreign rules to speed real estate investments - EY
Simplified approval procedures for Chinese outbound investments put its investors in a more competitive position in the global market and will speed up allocations in real estate, says Harvey Coe,
10/17/2014
UBS, Nomura Sued by Japan School Operator on Derivatives
UBS AG and Nomura Holdings Inc. were sued by a Japanese school operator for 8.8 billion yen in compensation for losses on derivative transactions.
10/17/2014
Ex-bank manager jailed for stealing HK$65 million from clients' accounts
A former bank manager who became embroiled in a "frightening circle of debt" has been jailed for 10 years for stealing sums totalling HK$65 million from his clients' accounts and forging documents to cover up the thefts.
10/16/2014
Clifford Chance loses top Aussie partner to investment house Gresham
The head of Clifford Chance’s Perth office is set to leave the firm for investment house Gresham Partners three and a half years after the firm that bore his name joined the magic circle giant.
10/16/2014
Hogan Lovells taps Allen & Overy for first Vietnam partner
He is the only partner in Hogan Lovells' Ho Chi Minh City base
10/15/2014
International law firm appoints two partners to lead Global practice
The announcement was made as part of the leaderships changes at the Firm's Annual Meeting, held last week in London.
10/15/2014
Asia Pacific institutions turn to portfolio reconciliation ahead of regulatory changes
Post trade processing in the global OTC derivatives markets has been the subject of much regulatory scrutiny of late, beginning with North American reform as a result of the Dodd-Frank Act. ICAP’s specialist post-trade division TriOptima has now cit
10/15/2014
Appleby Advised SDM Group On Its Hong Kong Listing
Appleby acted as Cayman counsel for SDM Group Holdings Limited in relation to its listing on the Growth Enterprise Market of the Hong Kong Stock Exchange on 14 October 2014, with net proceeds of approximately HK$26.1 million.
10/15/2014
ATO draft guidance on transfer pricing
The aim of our legislation and the Guidance is to ensure application of the arm's length principle.
10/14/2014
Bangladesh Bank issues guideline for Shariah-based green financing
The central bank in its latest circular advised the Islamic banks and NBFI to use to Islamic refinancing scheme for funding green projects
10/14/2014
Japan PM prodded into taking action against terrorist financing, money laundering
The moves came after the Financial Action Task Force in June urged Japan to address deficiencies in its efforts to counter money laundering and funding of terrorists.
10/14/2014
Foreign investment regulation - Trends in south east Asia
The Government has also increased its public commentary regarding its desire to ensure that the PNG national interest is protected and promoted.
10/14/2014
China opening more doors with the Shanghai Free Trade Zone by Paul McBride, King & Wood Mallesons,
The Shanghai FTZ is another move by the PRC Government to drive domestic economic reform and promote trade and cross border investment.