Managers of Wealth Asia Pacific

Malaysia: Policy changes announced on taxation of foreign-source income, stamp duty remission

The finance act does not specify when income will be considered to be “received” in Malaysia.

Malaysia Says Recovered 1MDB Funds Only Enough to Pay Debt Principal for 2022

The government has repaid 13.3 billion ringgit of 1MDB's debt so far, with 38.81 billion ringgit still outstanding as of Dec. 31, the ministry said.

Appleby's Hong Kong Office Recognised as a Long-Established and Well-Regarded Offshore Firm by Legal 500

Appleby is one of the longest established offshore firms in Hong Kong

Being on top of Ultimate Beneficial Ownership Compliance

While for lawmakers it is still a field for further discussion, companies in different jurisdictions are required to be compliant with the UBO laws already set out.

Monetary Authority of Singapore (Amendment) Bill

Monetary Authority of Singapore (Amendment) Bill" - Second Reading Speech by Mr Lawrence Wong, Minister for Finance and Deputy Chairman of the MAS

Appleby Advises China Post

The Hong Kong team was led by managing partner David Bulley and partner Vincent Chan.

Hong Kong: Police ‘informal freeze’ of bank accounts held invalid – Implications for financial institutions and businesses

The Police have been developing and will soon launch a free software to assist businesses in identifying phishing scams.

China probes head of top life insurer in anti-graft campaign

A nationwide anti-graft crackdown focused on the financial institutions and regulators has taken down more than 20 officials since its start in October as authorities step up scrutiny over the nation's US$54 trillion financial system.

Private Equity Tycoon Wang Chaoyong Released on Bail

Chinaequity announced Friday evening that the company had regained contact with Wang, and confirmed that he had cooperated with police investigation during the time he disappeared from public.

Hong Kong Sends Bankers Home

The government says on its website that the enhanced restrictions will take effect from 7 January and last for 14 days.

Linklaters advises the People’s Bank of China on its RMB 5bn bills in Hong Kong SAR

The total bid amount reached RMB 22.2bn, representing 4.4 times the issuance amount – a reflection of strong investor appetite in RMB assets and the confidence of global investors in China’s economy.

Conyers Announces Recipient of Annual Hong Kong Commercial Law Prize 2020-2021

The scholarship is awarded to law students who have excelled among their peers and demonstrate great potential in the legal profession.

Malaysia central bank releases discussion paper on digital insurance licensing

The two-month discussion period ends on February 28, and the central bank then plans to publish an exposure draft followed by a policy document on prudential and business conduct requirements for digital insurance operators in 2022.

Latest Legal Development in Hong Kong Privatisation Scheme

This Legal Update discusses the interpretation adopted in Chong Hing and its implication.

Singapore Police Force and MAS Investigate Overseas Online Trading Platform

Samtrade FX Limited and its related entities are not licensed by MAS, and have been placed on MAS’ Investor Alert List since July 2021.

Maples Group Wins Multiple Law Firm Awards

The firm's Asia-based lawyers were also recognised by independent commentators

Conyers Recognised in Chambers Asia-Pacific 2022 Ranking with four ranked lawyers

In addition, our Hong Kong office has four ranked lawyers in the Corporate & Finance including Investment Funds categories.

SBI Embraces New Benchmarks In LIBOR Transition

January 01, 2022, is crucial for the LIBOR transition process since all the new transactions will be referenced to the new benchmark rates from this date as per the recommendations of RBI and other banking regulators across the world, said SBI.

China implements new schemes for banks to support small businesses

Authorities are also rolling over a 400-billion-yuan relending quota that supports inclusive financing to small businesses.

Unions to exercise stronger influence over banks in 2022

"I hope this system becomes a great help for public institutions to become rationalized and prevent insolvency,"

Legal, Regulation & Compliance