Managers of Wealth Asia Pacific

Areas for improvement on ASX boards

It would also consider recommending a vote against the re-election of a board chair if the company had an all-male executive team.

Outcome related fee structures proposed for Hong Kong arbitrations

In making the recommendations, the LRC has taken into account the significant demand for OFRS, as parties (ranging from impecunious ones, to sophisticated commercial entities) increasingly look for alternative fee-structures.

OCBC Completes Goodwill Payouts to Phishing Victims

80 percent of the amount lost occurred between December 23 and 31, in a period that saw inquiries to the bank’s call center surge more than 40 percent.

Indonesia to Balance Growth and Consumer Protection in Digital Transformation

OJK will soon roll out the technical regulations on insurtech in hopes of its initial goal

Avoiding FAR duplication with ASIC and APRA

“We’ve got processes behind that system that automatically have that information disseminated through to ASIC as well and are both receiving the same information of the essentially at the same time.”

Citigroup fined $45m for misleading clients

The regulator highlighted that this is pervasive dishonest behavior by the company

Revisions to HKEx Listing Rules: How these revisions impact Offshore Issuers

Under the revised listing regime, a unified approach is now adopted in terms of shareholder protection irrespective of the jurisdiction of incorporation of the issuer.

The Fifth Hong Kong-Switzerland Financial Dialogue

The Dialogue was chaired by Mr Edmond Lau

China revamps overseas listing rules

These concerns arose after the fallout over the Chinese ride-hailing app Didi’s initial public offering (‘IPO’) in late June 2021.

Banks push back against China's plan to curb foreign IPOs

They say the rules are vague and will expand Beijing's regulatory reach outside the country

Thailand to set out rules to limit the use of cryptocurrencies as a means for payment

Digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services.

MAS Monetary Policy Statement - January 2022

In its October 2021 Monetary Policy Statement, MAS shifted to a gradual appreciation path for the S$NEER policy band, from zero percent previously.

ASIC consults on proposals to remake relief for business introduction services

The relief provided under ASIC Corporations (Repeal and Transitional) Instrument 2017/186, which preserves the effect of CO 02/273, is due to expire on 1 April 2022.

Carey Olsen Asia pair named as leading lawyers in the Chinese market

Michael is the managing partner of Carey Olsen's Hong Kong office, and his practice primarily concentrates on the formation, operation and restructuring of private investment funds, predominately private equity and venture capital funds, and their re

End of an era? Hong Kong Court finds letters of no consent unconstitutional

The No Consent Regime as operated has hitherto provided a speedy and cost effective practical means of freezing funds in Hong Kong accounts

Walkers maintains double Tier 1 ranking in The Legal 500 Asia-Pacific 2022

In addition, Walkers' Hong Kong office has six lawyers ranked as 'Leading Individuals' and one lawyer ranked as a 'Next Generation Partner'.

Former Spaceship Capital CEO banned from providing financial services

The ban prevents Mr Bennetts from providing any financial service

ASIC embarks on regtech innovation initiative into poor market disclosure

In the next stage of the BRII Regtech Round, two of these regtechs may receive further grants of up to $1 million each to develop and test a proof of concept over a further 15 months.

Indonesia: Implementing regulation on Voluntary Disclosure Program issued

Applications to participate in the program must be made within the period 1 January through 30 June 2022.

MAS and ABS Announce Measures to Bolster the Security of Digital Banking

Banks will continue to work closely with MAS, the Singapore Police Force, and the Infocomm Media Development Authority (IMDA) to deal with this scourge of scams.

Legal, Regulation & Compliance