Managers of Wealth Asia Pacific

Ex-UBS Executive Director Buergin Gets Jail for Underage Sex

He was sentenced to four months and three weeks in prison for having sex with an underage prostitute

Luxembourg banks pin hope on emerging East

Amid growing pressure from neighboring European partners and the United States, Luxembourg as a financial center aims to cash in on growing trade relations between the Gulf Arab region and the Far East, Luxembourg’s Minister of Finance Luc Frieden t

China targets hot money inflows with new forex rules

China has released new rules to curb currency speculation amid signs that hot money inflows have helped push the yuan to a series of record highs in recent weeks.

Taylor Wessing recruits Speechly partner in Asia-focused private client push

She will joing her new firm next Tuesday (7 May), will bring Taylor Wessing's private client partner count to 23.

Linklaters and Bakers receive approval to launch in Seoul

The new office will be Bakers' fifteenth in the Asia-Pacific region and seventy-third globally, boosting the US firm's international footprint further.

China unveils guideline for RQFII investors

China's central bank on Thursday unveiled a technical guideline for foreign investors' yuan-denominated activities in the mainland's equity markets

Addleshaw Goddard opens in Hong Kong

Addleshaw Goddard has received the regulatory approval to open in Hong Kong and has named private equity head Andrew Carpenter to international managing partner.

Banks told to comply with KYC norms strictly

has asked banks to carry out better customer due diligence and maintain details of third party products sold by them

Blackmoney: First ED notice against LGT account holders

Enforcement Directorate has slapped its first penalty notice of Rs 2 crore for alleged forex violations against an individual

Watchdog chief takes pop at wealth products

So say finance industry executives who recently met China Securities Regulatory Commission chairman Xiao Gang, Moneyweek reported yesterday.

Ex-UBS Executive Convicted of Paid Sex With Underage Girl

He could be jailed for as long as seven years and fined for each charge, will be sentenced on May 8.

International law firm secures Singapore alliance and launches in Beijing

Meanwhile, the firm has also officially opened a representative office in Beijing

OECD’s Global Forum on Transfer Pricing releases a Draft Handbook on Transfer Pricing Risk Assessment

The objective of this project was to produce a practical handbook that provides clear and detailed steps countries can take to assess the transfer pricing risk presented by an individual taxpayer’s operations.

Tiger Asia Challenges Hong Kong Regulator’s Power to Sue

Commission must first seek a criminal prosecution or civil inquiry

China's second largest law firm opens Israel office

He will remain managing partner of the base, working alongside local partners

HKMA and SFC commit to standards on FMIs

Both the HKMA and the SFC will implement the PFMIs within their respective regulatory frameworks.

MoFo boosts Hong Kong PE team with Ropes & Gray partner hire

Morrison & Foerster (MoFo) has added to its Hong Kong private equity team with the hire of Ropes & Gray partner Marcia Ellis.

Appleby advised CNPC General Capital Limited in relation to a US$2 billion notes issuance

"This deal underlines the country’s growing presence in the international debt market and we expect this issuance to pave way for other SOEs to take similar actions.”

Innovative law firm expands into Hong Kong and continues rapid growth

“As an international business hub, Hong Kong is a very attractive market for us and we look forward to replicating our success in Australia and Singapore in this market."

A&O tops ranking of India foreign firms ahead of Magic Circle, Herbies, Americans

London-headquartered Magic Circle firm Allen & Overy (A&O) has come out at the head of a new ranking of foreign law firms’ Indian practices

Legal, Regulation & Compliance