Managers of Wealth Asia Pacific

U.S. Engaging With More Than 50 Countries To Curtail Offshore Tax Evasion

The Treasury Department has already concluded a bilateral agreement with the United Kingdom

Singapore asks Citi for LIBOR-related documents

Financial regulators in Singapore have asked Citigroup Inc. to turn over documents related to information that the lender has submitted to the British banking authority that sets some global interest rates.

Merrill Asks Singapore Court to Reject Ex-Client’s Suit

A Merrill unit won $9.4 million from Harjani in the Singapore court in 2010 for failing to pay for shares in a Jakarta-listed company in 2008. Harjani sued two other Merrill units in Indonesia in 2008 and was awarded $26 million in 2010.

Boston-based law firm adds Tokyo partner

He is the former Tokyo managing partner for the firm now known as Herbert Smith Freehills, a position he held for over a decade until last year.

Australia's Federal Court issues landmark judgment against S&P, ABN Amro

In a strongly worded judgment, Justice Jayne Jagot said S&P and ABN Amro had deceived 12 local councils that bought the triple-A rated CPDO, or constant proportion debt obligation, notes created by the bank.

India inks protocol with U.K. to amend tax pact

In its continuing drive to check tax evasion and proliferation of black money, India has signed a protocol with the U.K. for amending the convention between the two countries for avoidance of double taxation and prevention of fiscal evasion with respect

Statement on Recommendation by Japan’s Securities and Exchange Surveillance Commission - Nomura

Japan's Securities and Exchange Surveillance Commission today issued a recommendation that the Prime Minister and the Commissioner of the Financial Services Agency impose an administrative monetary penalty against Japan Advisory Ltd. on charges of in

Jones Day Bolsters Singapore with Allens Hires

Jones Day has hired two partners for its Singapore office

ASEAN as a single asset class proposed

Ranjit Ajit Singh, the new Chairman of the Securities Commission of Malaysia

Levy To Fund Hong Kong Insurance Authority

He confirmed that “the government has carefully considered the views of insurers, self-regulatory organizations (SROs) and insurance intermediary bodies.

Nomura gets Tokyo Stock Exchanges' biggest trading fine

Japan's biggest brokerage, Nomura Holdings, has been fined 200m yen ($2.5m; £1.5m) by the Tokyo Stock Exchange for insider trading.

How Linklaters tamed the Chinese dragon

It’s good news for Linklaters, which has stormed ahead as the leading firm in 2012 for outbound European deals on the side of Chinese acquirers

Swiss private bank under investigation

It is believed that this is the first time that UBS has disclosed the investigation by MAS.

SC to reveal business trust framework by year-end

Issuers are looking for ways to monetise their assets

Herbert Smith Freehills closes in on Seoul launch as UK partner gains licence

Herbert Smith Freehills has moved a step closer to opening its long-planned Seoul office, with London-based partner Tony Dymond receiving Foreign Legal Consultant approval from the country’s Ministry of Justice.

Vietnamese Banks Got Caught Selling Clients' Gold

What they mean is that having been caught engaging in an illegal reserve boosting operating, the banks are now "allowed" to undo their transgressions ahead of a "ban" on what inherently was not a permitted practice.

India, Spain sign tax avoidance agreement

The government's recent initiatives in revising tax treaties have helped the flow of information from foreign countries.

$3.79 trillion (£2.35tn) smuggled out of China in last ten years

GFI analysed data filed with the International Monetary Fund on import and export prices.

UBS, RBS Traders Suspended as Rates Probe Goes Beyond Libor

UBS AG and Royal Bank of Scotland Group Plc suspended more than three traders in Singapore as regulators investigating Libor-rigging turn their attention to the rates used to set prices on foreign exchange derivatives.

China Is Looking Into Lower Taxes To Encourage Long-Term Investing

The government was also studying tax policies in relation to Qualified Foreign Institutional Investors (QFII) and the trading of crude oil futures, it said.

Legal, Regulation & Compliance