02/18/2014
Financial adviser remanded in custody for murder of Gold Coast guru
He has been remanded in custody until March 31.
Legal, Regulation & Compliance
02/18/2014
Labuan FSA Issues New Guidelines for Labuan Insurers; Revises Guidelines on Fit and Proper Person Requiremen​ts and Labuan Fund Managers
The revised guidelines were issued on 11 February 2014 and will come into effect on 1 January 2015.
02/17/2014
Long established barristers grows international presence with a new chambers in Kuala Lumpur
Long established barristers is to continue its growth in Asia, announcing yesterday that it was opening an office in Kuala Lumpur, the first UK barristers’ chambers to have a presence in Malaysia.
02/17/2014
Chinese legal giant overhauls management structure in latest leadership election
Chinese giant has kicked-started an election process for a new leadership team under a new governance and management structure.
02/12/2014
Two Hong Kong Firms to Pay $11 Million on Insider-Trading Claims
Two Hong Kong-based asset-management firms agreed to pay about $11 million to settle U.S. regulatory claims related to improper trades made before China-based Cnooc Ltd. said it would acquire Canadian energy firm Nexen Inc.
02/12/2014
Global law firm appoints first ever Asia managing partner
As the U.S. Ambassador, Ambassador he oversaw the broadening engagement of the United States in Southeast Asia, which included the Obama Administration's 2011 "pivot" or "rebalance" to the region.
02/11/2014
UBS suspends two Hong Kong employees in hiring probe
Investment bank UBS has suspended two members of its staff in Hong Kong after launching an investigation into the hiring of an employee related to the head of a mainland corporate client.
02/11/2014
HSBC Sued by Singapore Billionaire's Ex-Wife
HSBC Holdings Plc was sued by Singaporean billionair’s ex-wife, who claimed she suffered losses because of the bank’s negligence.
02/11/2014
New Zealand bank fees class action targets Westpac, BNZ, ASB for unfair penalty fees
A class action lawsuit claiming banks charge unfair penalty fees has added Westpac Banking Corp., Bank of New Zealand and ASB Bank to its existing suit against Kiwibank and ANZ Bank New Zealand.
02/10/2014
Indian-American hedge fund boss in Bharara’s net
The verdict against Martoma followed a four-week trial and 15 hours of deliberation by the jury and has left Martoma facing a maximum of 20 years in prison on two counts of securities fraud and a conspiracy charge, although his final sentence may be close
02/10/2014
Bahamas, China visa policy takes effect
he Bahamas says a new policy allowing nationals to travel to China visa free for 30 days goes into effect on Wednesday, February 12.
02/10/2014
Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility
02/10/2014
MAS-SGX Measures: More Can Be Done
The moves proposed by the Monetary Authority of Singapore and the Singapore Exchange on Friday targeting speculative trading in penny stocks are welcome since all are aimed at improving the quality of listings, transparency and levelling the playing field
02/10/2014
UBS Suspends Bankers In China Hiring Investigation
UBS AG has suspended two executives, including its top IPO banker in Asia, in an internal probe into the hiring of an employee related to the head of a Chinese listing hopeful, according to people familiar with the matter.
02/07/2014
Korea: Court commutes former tax chief's prison term for graft
A Seoul appellate court on Thursday commuted a former top tax official's prison term to three and a half years for taking bribes from CJ Group, a food and entertainment conglomerate, in 2006.
02/07/2014
Former Amex exec gets Hong Kong life ban
Lo Hoi Luen has been banned for life from re-entering the industry by the city's securities regulator, after forging a client’s signature for a product purchase.
02/06/2014
Dechert targets Asia growth as global revenue hits $777m
We’ll have more focus on growth in 2014
02/06/2014
UBS probed for tax evasion
UBS, the largest Swiss bank, is suspected of stashing away proceeds worth about 50 billion won
02/05/2014
ANZ customers win partial victory over late fees
Australia's Federal Court has found that late fees charged by Australia and New Zealand Banking Group (ANZ) were "extravagant, exorbitant and unconscionable".
02/04/2014
Norton Rose Fulbright launches global regulation and investigations practice
We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend