Legal, Regulation & Compliance

03/28/2012

I-T pulls up HSBC Bank in black money cases

The Income Tax (I-T) department is said to be mulling over prosecution against the HSBC bank for allegedly being the conduit for Indians in stashing money abroad.

03/28/2012

Thai banks baulk at Basel III capital demands

"We should wait for a clear picture because recapitalisation leads to higher financial costs, and it will be the shareholders' burden. The rising expense may ultimately be passed on to consumers."

03/28/2012

ABN banker didn't mean to deceive S&P over data, court told

AN INVESTMENT banker employed by ABN Amro sent incorrect information to the credit rating agency Standard & Poor's about a structured finance product bought by councils but the Federal Court should conclude this was an innocent mistake or, at wor

03/27/2012

A&O and Allen & Gledhill call off Singapore tie-up talks

The firms announced that they are no longer in talks earlier this afternoon (26 March), with a spokesperson stating discussions had ended because they could not reach an agreement that was satisfactory to both parties.

03/23/2012

Taylor Wessing gains leading Singapore presence

Taylor Wessing and leading Singapore firm RHT Law LLP initially formed an alliance through an exclusive cooperation agreement in August 2011. RHT Law formally joined Taylor Wessing, as RHTLaw Taylor Wessing, on 16 March 2012.

03/22/2012

Nomura linked to Japan insider trade probe, shares fall

Japan's securities regulator recommended on Wednesday a 50,000 yen ($600) fine against Chuo Mitsui Asset Trust and Banking, saying the asset manager sold Inpex shares after a tip-off about its plans for a $6 billion offering in 2010.

03/22/2012

Nomura Holdings controls in spotlight in Japan trading probe

The case centred on a 2010 stock offering by energy firm Inpex, also putting Japan's current rules against market manipulation in the spotlight, with the fund manager involved penalised with a tiny fine and Nomura facing no formal sanction.

03/22/2012

Why returning NRIs should watch for new clause in Wealth Tax Act

As the fine print from the Finance Bill starts trickling in, we bring you details that are likely to impact your taxes. A new provision in the Wealth Tax Act is likely to impact NRIs who have returned to India, especially those with significant asset hold

03/21/2012

Risks are increasing in quantity and severity - PwC

While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top

03/19/2012

Australia Consults On Tax Hedging Rules

The TOFA tax hedging rules reduce after-tax mismatches by changing the tax treatment of the hedging financial arrangement to a way that is consistent with the tax treatment of the hedged item.

03/16/2012

Death of the bank safety deposit box

At Prakash Palicha's home in South London the security is now tighter than ever. He has had a new alarm fitted and every door has three locks.