01/17/2022
MAS Issues Guidelines to Discourage Cryptocurrency Trading by General Public
DPT service providers can only market or advertise on their own corporate websites, mobile applications or official social media accounts.
Legal, Regulation & Compliance
01/14/2022
When the rubber hits the road – making insurance claims under the new reforms
ASIC received over 300 applications for a claims handling and settling service AFS licence authorisation in 2021.
01/14/2022
Leading law firm for 14 areas in Asia Pacific in 2022 editions of Chambers Greater China and Legal 500
This closely follows our recent incredible showing in the Chambers Asia Pacific Guide 2022.
01/14/2022
Top Tier ranking for Carey Olsen in The Legal 500 Asia-Pacific
Lawyers are also praised for their ability to 'work quickly and efficiently whilst maintaining the very high standards they have always had' as well as their 'extensive experience in handling BVI litigation proceedings'.
01/14/2022
The Monetary Authority takes disciplinary action against 33 Financial Services Limited for contravention of the Payment Systems and Stored Value Facilities Ordinance
The Monetary Authority (MA) has reprimanded and ordered 33FS to pay a pecuniary penalty of HK$875,000 for contravening section 8Q of the PSSVFO as it failed to fulfil the minimum criterion relating to anti-money laundering and counter-terrorist financing
01/14/2022
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.
01/13/2022
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.
01/13/2022
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
01/13/2022
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.
01/12/2022
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
01/11/2022
Appleby Advises China Post
The Hong Kong team was led by managing partner David Bulley and partner Vincent Chan.
01/10/2022
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.
01/10/2022
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.
01/10/2022
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.
01/07/2022
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.
01/07/2022
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.
01/07/2022
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.
01/06/2022
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.
01/04/2022
Latest Legal Development in Hong Kong Privatisation Scheme
This Legal Update discusses the interpretation adopted in Chong Hing and its implication.
01/04/2022
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.