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.
Legal, Regulation & Compliance
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.
09/05/2012
ANZ comments on IMF class action
ANZ today confirmed it will continue to vigorously defend the class action bought against it in regard to exception fees by the publicly listed litigation funder IMF (Australia) Ltd.
09/05/2012
Singapore's MAS Investigating Property Listings On United Overseas Bank Website
"MAS is looking into the property listings in question. We note that the listings have been removed."
09/04/2012
Swiss Attorney General Probes UBS Over Malaysian Timber Proceeds
The case against UBS was opened on August 29, following a criminal complaint by the Bruno Manser Fund over the bank’s close ties with Sabah Chief Minister Musa Aman.
09/04/2012
Basel III to benefit Indian banking system: Subbarao
The Reserve Bank of India (RBI) Governor, D. Subbarao, on Tuesday, said that the Basel Committee was working on establishing a minimum set of principles for domestic systemically important banks (D-SIBs), including some large banks in India.
09/04/2012
Walkers Continues to Grow Asian Insolvency, Restructuring and Litigation Capability
Walkers has announce the continued growth of its Asian Insolvency, Restructuring and Litigation team.
09/03/2012
Regulators need to monitor shadow banking sector closely: analysts
Shadow banks are less scrutinised by regulators because they do not take customer deposits.
09/03/2012
International law firm boosts Family and Matrimonial Practice
The firm has announced that it has expanded its practice areas by adding a Family and Matrimonial Practice Group led by experienced practitioners
09/02/2012
UBS Probed Over Alleged Malaysia Money Laundering
Swiss bank UBS AG (UBS) said Friday that it will "certainly fully cooperate" with authorities after Swiss prosecutors began a criminal probe for alleged money laundering related to rainforest logging in Malaysia.
08/30/2012
Asian regulators express concern regarding overseas application of Dodd-Frank rules
“The impact from any resulting (likely significant) increase in compliance costs and the potential reduction in liquidity of [over-the-counter] derivatives markets should not be underestimated,” the groups said in the letter, according to Reu
08/30/2012
DLA, Jones Day, K&L Gates Bid for Singapore Law Licenses
“Asia is a key driver of global economic growth,” said Sushma Jobanputra, the partner in charge of Jones Day’s Singapore operations. “With that growth will come the increased need for Singapore law advice.”