Managers of Wealth Asia Pacific

RPC sends City lawyer to bolster Singapore base

It was the firm’s first international office and was intended to show the firm’s insurance client base its commitment to the international market.

$258.8m lost in scams: Malaysia

The Companies Commission of Malaysia (SSM), concerned over the rise of such scams, published an advertorial in the wake of recent complaints over a Canadian land-banking scheme to remind investors of the risks involved.

Global law firm keen to open India office

The firm has been associated with the country for about 50 years and has been advising Indian companies on their global operations and investments.

Ashurst set for Beijing launch with Mallesons hire

Ashurst is set to launch an office in Beijing with the hire of structured finance partner from legacy Mallesons Stephen Jaques.

HSBC provides info on clients having accounts in India to US Close

In April last year, HSBC Bank USA received summons from the US Internal Revenue Service (IRS) asking the entity to produce records with respect to US-based clients of an HSBC group company in India, the banking giant has said.

Hasan Ali case: two ex-UBS staff summoned

The summons will be served on them through the competent authorities in Switzerland, sources said.

Bakers recruits new Asia regional COO with Linklaters hire

He will take up the role of chief operating officer for the firm's Hong Kong, China and Vietnam offices.

Linklaters moots tie-up with Slaughters' Aussie best friend

The last time Linklaters was in talks with an Australian firm was in 2000

India ratifies Convention on Mutual Administrative Assistance in Tax Matters

India has become the first country outside the membership of the OECD and the Council of Europe to become a Party to the Convention.

Chicago-based law firm opens in Shanghai

The firm’s attorneys in Shanghai are bilingual and have the background and expertise to handle multicultural and multijurisdictional legal issues in the United States, Europe and China. Katten

Singapore relaxes ban on foreign ownership of law firms as market opens up

Legal Profession Act to allow foreign firms to take stakes in local players in key Asia market

Hong Kong leader denies bribery over yacht trip

The chief executive - whose wife is from Macau - said he was in the gaming hub, which is about an hour ferry ride from Hong Kong, for a private visit including tomb-sweeping and denied there was luxurious treatment on the yacht.

Australian law firm moves to expand in Asia

Ellis will be responsible for providing on-the-ground support for the Australian resource corporations operating in Mongolia.

Citi, UBS provide keys to widening interest rate-rigging probe

Citigroup and UBS, in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest r

Hong Kong Market Regulator Wins Power to Sue in Tiger Asia Case

Court of Appeal Judge Robert Tang wrote in a ruling handed down yesterday that such a power “provides much needed ammunition to the commission to protect investors.”

Freshfields sends heavyweight litigators to Asia in practice push

The pair will be joined by Washington DC senior associate John Warren, who is set to move to Hong Kong imminently. He focuses on while collar crime and investigations.

Indian court upholds 'fly-in fly-out' practice for foreign firms

The hearing in the case against 31 foreign law firms and an LPO (AK Balaji v The Government of India, Ashurst LLP, White & Case et al) ended on 1 February. The Madras High Court handed down its order today (21 February).

Bank Indonesia rotates, promotes directors

Bank Indonesia spokesman Difi Johansyah said late on Monday that it was just a routine restructuring.

Asian finance firms face a hefty Fatca compliance burden

The regulations for the US Foreign Account Tax Compliance Act were announced earlier this month, and Asian financial institutions can no longer play wait-and-see, according to PwC.

LG and Withers target high net clients with Singapore launches

LG’s Singapore launch, which will go live in the coming months through an alliance with local outfit PK Wong and Associates, marks the City law firm’s first base in Asia.

Legal, Regulation & Compliance