12/09/2013
Standard Bank Consultant Detained in Mongolia Amid Debt Dispute
Mongolia has issued a travel ban on a New Zealand national consulting for Standard Bank Group Ltd.amid an escalation in a dispute with a local company over a debt repayment.
Legal, Regulation & Compliance
12/09/2013
HC asks Videocon to pay euro 38 mn dues to Italian bank
Videocon Industries has suffered a blow by Bombay High Court with a recent ruling directing the company to repay a sum of 38 million euros to an Italian bank
12/04/2013
Myanmar to Allow Foreign Banks to Begin Some Operations Next Year
Thirty-four international banks have representative offices in the country, but they have thus far been forbidden from opening branches or offering services other than advising clients.
12/04/2013
De Brauw confirms Shanghai launch
Benelux firm De Brauw Blackstone Westbroek is joining German best friend Hengeler Mueller with an office in Shanghai, its second Chinese base.
12/04/2013
China’s central banks bars Bitcoin transactions
The public is free to participate in Internet transactions provided they take on the risk themselves.
12/03/2013
Global firm takes Maddocks head to launch in Oz
We can confirm that David Rennick will be engaged by Pinsent Masons as a consultant early next year.
12/03/2013
KWM global disputes co-ordinator to leave the firm
He was recently appointed as the global co-ordinator for the disputes practice to help integrate the firm following the tie up between KWM and SJ Berwin in the UK.
12/03/2013
Goldman Sachs Sued by Singapore Client Oei Over Loss
Goldman Sachs Group Inc. was sued by Singaporean wealth-management client Oei Hong Leong over a $34.3 million loss on Brazilian real-yen options trades he claimed the bank misled him into making.
12/03/2013
Ex-RBS Trader Tan Chi Min Drops Unfair Dismissal Claim Over Libor-Fix ‘Scapegoat’ Sacking
A former Royal Bank of Scotland trader fired for allegedly trying to rig the benchmark rate Libor has dropped his court claim of unfair dismissal.
12/02/2013
Australian class action close to settlement with Lehman Brothers liquidator over sub-prime losses
A group of Australian councils, churches and charities that lost millions of dollars in the US sub-prime mortgage crisis are has reached a settlement with the liquidator of the collapsed investment bank Lehman Brothers.
12/02/2013
Linklaters names new Asia managing partner
Linklaters has named its current Greater China and global litigation head Marc Harvey as Asian regional managing partner to succeed outgoing Stuart Salt.
12/02/2013
S'pore shadow banking small: MAS
Singapore's shadow banking is small, the Monetary Authority of Singapore Financial Stability Review 2013 said.
12/01/2013
Nomura to Punish Staff for Inside-Information Leaks in 2010
JPMorgan Chase & Co. said today that a former employee leaked information used for insider trading, also in 2010.
11/27/2013
Adviser Forced To Pay Back $684,000
A former financial adviser has been forced to pay back $684,000 to five clients after he was convicted for providing inappropriate advice.
11/26/2013
China Hiring Probe Extends to Morgan Stanley, Citigroup
The Department of Justice and the Securities and Exchange Commission are probing as to whether the banks’ hiring of offspring of Chinese bureaucrats breached the US Foreign Corrupt Practices Act.
11/25/2013
Appleby Partner wins at Euromoney's Asia Women in Business Law Awards
The awards recognised the leading female business practitioners across 14 legal practice areas, as well as those domestic and international firms dedicated to the advancement of women in the legal profession.
11/25/2013
Hong Kong Banks Agree NFC Payment Standards
The Hong Kong Association of Banks has issued Best Practice for NFC Mobile Payment in Hong Kong
11/25/2013
China Said to Plan Crackdown on Banks’ Loan Limit Evasion
Banks would also be required to take provisions on such assets while the transactions are in effect.
11/25/2013
Maybank meets public float in BII
Malayan Banking Bhd has fully complied with the regulation of the Financial Services Authority of Indonesia on refloating BII shares by 20%.
11/25/2013
Former UBS Trader Says Wrongful Firing Lawsuit Settled
The former executive director had sought at least S$1.3 million ($1 million) from UBS, which said in an e-mailed statement that it doesn’t comment on individual employee litigation.