Managers of Wealth Asia Pacific

UBS faces criminal complaint over Malaysia ties

UBS has declined to comment on the accusations. UBS spokesman Yves Kaufmann said the bank complied with the legal requirements in the markets where it operated.

Ex-HKMA chief may face censure over minibonds

The HKMA will study the two reports carefully.As market conditions and public expectation on investor protection will continue to evolve over time, the HKMA will regularly review and, as and when appropriate, introduce further measures to enhance the regu

India-born Thai bank advisor given 10 years for fraud

A Bangkok Court today convicted Rakesh Saxena, the former adviser to the Bangkok Bank of Commerce (BBC), and sentenced him for violating the Securities and Exchange Act.

How DBS can bypass new rules to acquire Bank Danamon

In April Singapore’s DBS bank proposed a $7.2 billion acquisition of a 67.4 percent stake in Indonesia’s Bank Danamon owned by Temasek, the Singapore government’s investment company.

King & Wood Mallesons Adds Firepower To Beijing Office

Asia’s powerhouse law firm, King & Wood Mallesons, has announced the recruitment of three senior lawyers to its Beijing office. The hires reinforce the firm’s Energy & Resources capability, a pillar of the strategy that underpinned the

Now Britannia rules the roost

Talk to the bosses of Australia's big corporate law firms and they will tell you it is business as usual since British firms began invading this market. But in truth, everything has changed

FSA's Matsushita Pledges to Crack Down on Japan Insider Trading

He will also seek to rebuild confidence damaged by corporate scandals, including the massive accounting fraud at Olympus Corp. and AIJ Investment Advisors Co.'s concealment of close to ¥110 billion.

Five Star's Anthony Bowden sentenced to home detention

Justice Paul Heath has just delivered the sentence in Auckland High Court.

King & Wood Mallesons signs up Dewey Beijing partner

Walker noted that in weighing up his options on the collapse of Dewey he had spoken to a number of clients, who supported his move to King & Wood Mallesons.

Hong Kong says investment regulation upgraded

Around 43,700 Hong Kong people invested nearly 15.7 billion HK dollars in products issued or guaranteed by Lehman Brothers before it collapsed in September 2008.

Singapore to allow more foreign law firms

A second round of licences will be handed out later this year as part of the QFLP and are likely to be hotly contended.

Orrick Continues to grow China Corporate Practice

He obtained his LL.B. from Buckingham University and LL.M. from King’s College, University of London and is a Senior Fellow at The University of Hong Kong. He is qualified to practice law in Hong Kong and England & Wales.

Asian banks to have tough time meeting liquidity rules: KPMG

Asian banks will have a tough time meeting new global liquidity rules because of a shortage of assets such as top-rated government debt that can be converted into cash quickly, according to KPMG.

Hontex Asks Court to Halt Hong Kong Regulator’s IPO Case

Hontex International Holdings Co. sought to halt a lawsuit seeking compensation for investors who, Hong Kong’s securities regulator said, were misled by the Chinese fabric maker in its listing prospectus.

Indonesia cbank proposes 40 pct ownership cap on banks

The rule, if it goes ahead, could scupper a $7.3 billion bid by Singapore's DBS Group Holdings for Indonesia's Bank Danamon.

Senior China bank executive investigated

There were no details about what exactly Yang was being investigated for, but the discipline commission is often involved in looking into major corruption cases.

Philippines probing ex-chief justice's wealth, tax evasion

“I don’t think that now that judgment has been rendered by the impeachment court, these processes will also terminate,” Abad said in a text message to the Philippine Daily Inquirer.

JPMorgan Chase Said Eyed in Japan Insider Probe

JPMorgan Chase & Co. faces a new regulatory headache, as Japan's securities watchdog is probing the company for possibly leaking insider information, according to a person familiar with the matter.

Malaysian sues Singapore banker over failed investment

A Malaysian investor is filing a lawsuit in Singapore against a banker from the French bank Credit Agricole over an unsuccessful share investment, the Singapore Straits Times reported today.

Wealthy clients turned tables on UBS and staff?

Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.

Legal, Regulation & Compliance