Managers of Wealth Asia Pacific

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.

Akin Gump launches in Hong Kong with Shearman, Norton Rose hires

The new office is Akin Gump’s second in Asia, following its Beijing opening in 2007.

World’s largest offshore law firm to expand into Mainland China

The new office, due to open on 2nd April 2012, will deliver fully integrated fiduciary and administration services and operate in tandem with the firm’s Hong Kong office, which has serviced Appleby’s local and international clients in Asia for

Private-client specialist Withers announces Singapore plan ‎

Withers is opening a second office in Asia to meet the urgent demand from institutions and individuals alike for tax and trust legal advice, currently under-served in South East Asia.

Clifford Chance confirms plans for South Korea launch

The application is the start of a formal process that will involve a second application stage before a base on the ground can go live, but a 2012 launch is understood to be likely.

Squire Sanders launches in Singapore with Bryan Cave hires

Ignatius Hwang, previously managing partner of Bryan Cave’s Singapore office, has been tasked with spearheading the launch of Squire Sanders’ Singapore office.

Singapore to tighten safeguards against money laundering

FATF is an inter-governmental body which sets international standards for mechanisms to prevent corrupt financial practices.

Bank Indonesia may sanction UOB over alleged abuse of client

Speaking at a hearing at the House of Representatives on Tuesday, Bank Indonesia (BI) deputy governor Halim Alamsyah said UOB could have its permits revoked should the bank be found guilty in court of illegal conduct.

Legal, Regulation & Compliance