04/19/2022
ASIC suspends AFS licence of Dixon Advisory
Dixon Advisory has a right to seek a review of ASIC’s decision at the Administrative Appeals Tribunal.
Legal, Regulation & Compliance
04/19/2022
Appleby's Hong Kong Office Acts as Cayman Counsel on the Formation of Close-ended Venture Capital Fund
The fund will focus on venture and growth stage investments and leverage the investment team’s extensive industry network to access proprietary deal sourcing opportunities in the Smart Electric Vehicle (EV) industry value chain and the related ecosy
04/18/2022
Ogier assists nearly half of all Hong Kong SPAC listing applications
With a significant proportion of Cayman Islands companies representing a majority of all the companies listed on the HKEX, it is expected that Cayman Islands exempted companies will continue to be the SPAC issuer vehicle of choice for Hong Kong SPAC IPOs.
04/18/2022
Government relaunches subscription arrangement for retail green bond
The target issuance size of this retail green bond is HK$15 billion.
04/18/2022
Australia and Singapore to deepen collaboration in FinTech
The FinTech Bridge will support both FinTech ecosystems now and in the future
04/14/2022
Northern Territory of Australia and NEC Sign MoU to Grow the Territory’s Digital Capabilities
As part of the MoU, the parties will set out a framework and identify major areas for digital development in the Territory.
04/14/2022
SMBC Nikko VP Charged in Manipulation Case
Both Sato and Yamada have denied the charges
04/13/2022
EY plans rapid expansion for NZ finance hub
"The launch of the EY New Zealand financial services practice is another example of our ongoing commitment to providing professional services and support to the financial services sector."
04/13/2022
SFC bans Poon Choi Yung for 20 months
The SFC considers that Poon has also failed to act with due skill, care and diligence, and in the best interests of the clients when carrying on business activities.
04/13/2022
Singapore starts licensing cyber security service providers
They include companies or individuals who are directly engaged for such services, third-party providers that support such companies, and resellers of the licensable cybersecurity services.
04/12/2022
Western Australia to target renewables with new land tenure legislation
WA has competitive advantages in the renewable hydrogen market, including wind and solar resources and vast areas of land with low population density.
04/12/2022
Section 13O/U fund management tax incentive criteria tightened in Singapore
In view of the very short time frame before implementation, potential applicants for a Section 13O/U incentive should consider whether it is feasible for them to make ‘preliminary submissions’ this week.
04/12/2022
Enforcing an arbitral award in Hong Kong
The pro-arbitration approach of the Hong Kong SAR courts has underpinned Hong Kong SAR’s position as a popular destination for dispute resolution and will give companies comfort that arbitral awards in their favour can be enforced in Hong Kong SAR.
04/08/2022
HSBC Goes for Broke in China
China has been progressively relaxing financial sector foreign ownership restrictions in recent years.
04/08/2022
Westpac to pay $1.5 million penalty for mis-selling consumer credit insurance
From April to July 2015, Westpac issued consumer credit insurance policies to 141 customers who did not request the product.
04/08/2022
Searches Conducted On Wealthy Indians Named In Pandora Papers
The Multi-Agency Group has started cracking down on wealthy Indians named in the investigative report
04/08/2022
ASIC: Westpac Subsidiary BT Funds Management Penalised $20 Million for Incorrectly Charging Commissions for Insurance in Superannuation
The Court found BT Funds contravened both the Corporations Act and the ASIC Act. Westpac had made admissions on the matter and the parties had agreed on a statement of facts.
04/08/2022
ASIC: Cryptocurrency Lender Charged for False Australian Credit License Claims
The maximum penalty that can be imposed on a body corporate for a criminal contravention of section 30 is 10 times the maximum individual fine.
04/07/2022
Carrie Lam's Successor Won't Be Doing Expats Any Favours
According to the South China Morning Post, Lee is the sole candidate endorsed by the mainland government and that this message has been relayed to key politicians in Hong Kong.
04/07/2022
China issues draft financial stability law to prevent systemic risks
China's economy is slowing amid a resurgence in COVID-19 cases, a sluggish property market, and the fallout from the Ukraine crisis, straining the finances of already heavily-indebted local governments.