03/14/2013
Japan banking group says to review Tibor setting
"We have not changed our view that Tibor's mechanism has no particular problem," said Yasuhiro Sato, chairman of the Japanese Bankers Association at a news conference.
Legal, Regulation & Compliance
03/13/2013
Here is how CobraPost alleges private banks laundered money
A sting operation carried out by online magazine Cobrapost across various branches of private banks has revealed that banks are involved in money laundering.
03/13/2013
Singapore Looks At Tax Treatment of Director’s Fees and Bonuses
IRAS confirms that an individual is normally assessable to tax on his director’s fees or bonuses
03/12/2013
International legal practice appoints head of insurance for Asia Pacific
She is a specialist in insurance and reinsurance, with a focus on financial services and construction.
03/11/2013
Simmons hires banking partner to drive SE Asia growth
He will eventually move to Singapore once Simmons & Simmons secures a licence to practise there.
03/11/2013
Law firm to launch private wealth service
The team will be headed by Melbourne partners
03/11/2013
Appleby advised Oi Wah Pawnshop Credit Holdings Hong Kong Stock Exchange listing
The Appleby team was led by Judy Lee, a Corporate Partner in Appleby’s Hong Kong office, assisted by Associate, Chris Cheng and Jo Lit. Pang & Co. (in association with Loeb & Loeb LLP) advised the Company as to Hong Kong law.
03/07/2013
Credit Sails' oldies save Forsyth Barr, Credit Agricole from courtroom
"These were retired people, they needed the interest, the income flow off their capital investment - that's the nature of it."
03/07/2013
Billionaire Kwoks Plead Not Guilty to Corruption Charges
The Kwok brothers and the two other men were accused of conspiring with Hui, the city’s former chief secretary, to commit misconduct in public office, according to the charges.
03/06/2013
Japanese billionaire real estate tycoon Genshiro Kawamoto arrested for alleged tax evasion
Real estate mogul Genshiro Kawamoto was arrested for suspicion of evading payment of corporate taxes
03/06/2013
Ex-director banned for life for Trio involvement
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03/05/2013
Arrest warrant issued for tax evasion scheme's alleged mastermind
The court heard that between 1999 and 2005, the accountant helped two Gold Coast phonebook salesmen make millions through an offshore tax evasion scheme he set up.
03/05/2013
King & Wood Mallesons wins 'Regional Firm of the Year'
King & Wood Mallesons also won ‘Australian Firm of the Year’, an award that it has won nine out of the past 10 years.
03/05/2013
Ince & Co grows in Beijing with veteran in-house hire
Ince & Co opened its Beijing office in July 2012 with the relocation of partner from its Shanghai office, which was opened in 2000.
03/05/2013
MAS Consults on Recommendations of the Financial Advisory Industry Review
MAS has reviewed the report and agrees in principle
03/05/2013
China Regulator: Cracking Down on Asset Pooling by Banks
Critics say the practice could allow the emergence of a kind of ponzi scheme whereby banks use funds from the sale of new wealth management products to repay previous investors.
03/05/2013
Ex-UBS executive to be tried in online vice ring case
In this case, it will be argued that mens rea is required
03/04/2013
Manulife AM handed HK$24m fine over sale of Global Fund
“Together with concerns about the quality and extent of Manulife Asset Management’s record-keeping, these failures have jeopardised Manulife Asset Management’s capacity to ensure that recommended securities are suitable for each customer
03/04/2013
Complexity in Treasury Management is the ‘New Norm’ as Corporate Treasurers Navigate Headwinds in 2013
Ongoing regulatory changes add to the complexity of treasury management where economic uncertainty is now the ‘new norm.’
03/03/2013
US Unlikely To Crack China FATCA Agreement
China now joins Germany in delaying negotiations to create an intergovernmental agreement (IGA) which would enable FATCA enforcement in the country.