10/27/2013
Japanese Bank’s Inquiry Finds Details of Shady Loans
The used-car dealers that dot the outskirts of Tokyo and other Japanese cities are an unlikely link between one of Japan’s biggest banks and the country’s yakuza gangsters.
Legal, Regulation & Compliance
10/24/2013
King & Wood Mallesons senior partner to chair HK insurance group
King & Wood Mallesons senior partner Ronald Arculli has been appointed as chairman of Pacific Century Group new insurance business, FWD Group.
10/24/2013
Withers expands Asian family practice
The newly appointed Chinese team members will further expand and strengthen our offering to the growing Chinese high net worth market.
10/23/2013
Former Indian Bank chief, four others sentenced
A CBI court sentenced on Wednesday former Indian Bank chairman and managing director M Gopalakrishnan and four others to one year imprisonment for defrauding various branches of the bank to the tune of about Rs. 6.5 crore.
10/22/2013
Taiwan Investor Headed To Luxembourg For BSI Documents Involving Madoff-Linked Funds
A Taiwanese investor who tried to obtain potentially embarrassing documents in a Hong Kong court tied to the possible sale of Bernie Madoff-linked funds
10/21/2013
UBS fined on Newcrest sale
The breach had the potential to damage the reputation and integrity of the market but was inadvertent on the part of UBS
10/21/2013
Clifford Chance comes under fire from Singapore government for 'misleading clients'
Shanmugam said the government had contacted the firm to warn it about giving misleading statements
10/21/2013
Bakers Hires Corporate Lawyer From A&O in Tokyo
Baker & McKenzie has hired corporate M&A lawyer Jeremy White as a partner at its Tokyo office
10/20/2013
Singapore launches assessment of money-laundering risks
Singapore has launched an assessment of money-laundering and terrorist-financing risks within its borders
10/19/2013
Asian Financial System Strengthened By Regulatory & Supervisory Framework - Zeti
The modernisation of the Asian financial system has been accompanied by a significant strengthening of the regulatory and supervisory frameworks
10/17/2013
39 Essex Street First in line to set up Kuala Lumpur Base
London set 39 Essex Street is to set up a base in Kuala Lumpur, a move that will make it the first UK chambers to have a presence in Malaysia.
10/16/2013
Japan Cracks Down on Yakuza Mobsters in Banking Industry With Police Database Aid
Japan's Financial Services Agency ordered the bank to improve its business practices
10/16/2013
Fountain Court Eyes up Singapore Launch
Inner Temple set Fountain Court is weighing up whether to open an outpost in Singapore
10/16/2013
OCBC Bank named Regional Derivatives House of the Year
OCBC Bank stood out among top global houses in the Asian market place for its strong financial risk management and derivatives capabilities
10/16/2013
Morgan Stanley to Face Group Suit by Singapore Investors
A group of Singapore investors who lost money on $154.7 million in credit-linked notes were allowed by a U.S. judge to pursue their lawsuit against Morgan Stanley as a group.
10/15/2013
UPDATE 2-Currency market probe reaches Asia as Hong Kong questions banks
Hong Kong is looking into suspected price manipulation in the $5.3 trillion-a-day global foreign exchange market, becoming the first authority in Asia to join Europe and the United States in the investigation.
10/15/2013
Investment Company Directors Charged with Tax Fraud
Federal Police have arrested two directors of listed investment company CVC, and a third associated man who was attempting to board a flight to Switzerland, as part of its Operation Wickenby investigation.
10/14/2013
Gianni Origoni to Open Hong Kong Office
Italian firm Gianni Origoni Grippo Cappelli & Partners is in the process of launching a Hong Kong office, with the aim of building closer links with the Chinese market.
10/13/2013
Allen & Overy leads as Lloyds Banking Group offloads Australian assets
The deal is one of the largest financial services transactions in Australia and will see Lloyds Group sell its Australian asset finance business
10/10/2013
Falcon Private Bank employee in Hong Kong ‘banned for life’ by SFC
The SFC said the case had been referred to it by the Hong Kong Monetary Authority