09/16/2012
Clifford Chance's Hyde to lead Asia Pac finance team
Hyde will relocate to Hong Kong next year for a four-year term in the role. He replaces Huw Jenkins, who has led the firm’s Asia Pacific finance team since 2001.
Legal, Regulation & Compliance
09/16/2012
Malaysia tightens grip on foreign law firms
Malaysia has amended its Legal Professional Act in a move that some believe will become a double-edged sword on foreign legal practices operating in the country.
09/16/2012
Dechert set for China growth after being granted Shanghai licence
Dechert is set for growth in China after the firm secured a licence to launch a Shanghai base, which will be the firm’s third location in Asia.
09/13/2012
Australia's Financial Sector Faces Tough New Crisis Rules
In the case of local branches of foreign banks, that could also include ensuring assets aren't siphoned out of Australia "to the detriment of depositors and other creditors" in the event of problems elsewhere.
09/13/2012
Vietnam has no perfect legal framework for bank M&A
In many cases, the shareholders of banks do not know who are the real owners of the banks, even though banks all are public companies as stipulated by the laws. It is because the banks have changed hands many times.
09/13/2012
Freshfields breaks lockstep in Asia to stave off US firm advances
Firm revamps pay packages to retain talent after high-profile exits
09/13/2012
Eversheds secures Beijing licence as Kirkland sets out local launch plans
Eversheds has secured a licence for its long-planned launch in Beijing, with Kirkland & Ellis also confirming that it intends to move into the Chinese capital.
09/12/2012
The CSRC’s Decision on Li Shaowu’s Violations
Considering the severity of the violations and the adverse social influences, the CSRC decided to impose tough punishment on Li.
09/10/2012
Singapore Sibor Check to Include Resilience to Market Change
The minister made his comments as Bank of England Governor Mervyn King leads a meeting of global central bankers on the collapse of confidence in Libor, the benchmark rate for more than $500 trillion of securities.
09/10/2012
King & Wood Mallesons moves away from pure lockstep in Australia
The Australian partnership of King & Wood Mallesons has shrunk over the past two years.
09/10/2012
Former Chinese Official Banked Stolen Funds in Singapore
The money was transferred to his United Overseas Bank account between Dec. 6, 2010 and Jan. 15, 2011, according to court papers.
09/10/2012
Japan Banking Minister Matsushita Found Dead at His Home
Prime Minister Yoshihiko Noda appointed Matsushita, a lawmaker from junior government coalition partner the People’s New Party, as part of a Cabinet reshuffle three months ago.
09/09/2012
Allens to close China offices to move in with ally Linklaters
Allens’ Beijing and Shanghai offices are in the process of winding down, with staff from both offices set to move into Linklaters’ Beijing premises.
09/06/2012
Singapore probes UOB online property listings
Local media earlier this week reported property listings had appeared on the website of UOB, Singapore's third-largest bank by assets.
09/06/2012
Australian bank customers score win in fees case
The High Court of Australia found in favour of the 38,000 customers of the Australia and New Zealand Banking Group (ANZ) fighting back against the fees, overturning an earlier ruling limiting the case to credit card charges.
09/06/2012
DLA, Olswang, BLP, Stephenson Harwood among bidders for new Singapore licences
Top 50 UK trio among stream of major firms aiming to secure full practice rights in booming Singapore market
09/06/2012
Allens and Linklaters unveil joint leadership of Asia JV
Allens (then Allens Arthur Robinson) and Linklaters entered into an exclusive alliance in April (23 April 2012).
09/06/2012
Two more Chinese firms open in Hong Kong
Two Beijing-based firms Fangda & Partners and Jia Yuan Law Offices have launched bases in Hong Kong.
09/05/2012
Macquarie Private Wealth checked for "for ongoing compliance failures; for providing clients with inappropriate advice"
ASIC may investigate Macquarie Private Wealth for "for ongoing compliance failures; for providing clients with inappropriate advice", and other breaches, the Sydney Morning Herald reports.
09/05/2012
SEBI relaxes KYC norms for foreign institutional investors
SEBI on Wednesday relaxed the Know Your Clients (KYC) norms for various overseas entities including foreign institutional investors, and has done away with in- person verification requirements for non-individual clients.