Managers of Wealth Asia Pacific

The Storm before the Calm or the Calm before the Storm?

Analysis of market positioning suggests that traders do not have significant sterling shorts yet.

Raffles Family Office Seals Three-Year Partnership with Juventus

The partnership will see RFO and Juventus collaborate on a range of branding and marketing activations including exclusive incentives for RFO's ultra-high-net-worth clients, business partners and employees.

Hong Kong crime family arrested in HK$3 billion money-laundering investigation

Parents and three children had over 100 personal bank accounts between them, with officials looking into 6,000 suspicious transactions

NAB super entities hit by $57.5 million court penalties

The Federal Court made declarations to the effect that NULIS and MLC Nominees breached the ASIC Act for misleading and deceptive conduct and by making false or misleading representations, for which the civil penalties have been ordered.

China Tightens Against Non-Financial Players

Qualified companies that are denied regulatory approval must sell their stakes in the financial companies or give up control.

Australian Ethical rejigs insurance

In addition, the premiums members will pay are set to be based on age, gender at birth and occupation, increasing annually on the members' birthday.

Trial of former JPMorgan banker begins in Hong Kong with plea of not guilty

Leung made no comment in court apart from her plea and declined to comment when approached by Reuters after the first day of her trial.

Will the BVI follow the DIFC, USA and New Zealand?

One of the recommendations that is most likely to affect the BVI Commercial Court is the recommendation for the removal of the requirement in CPR Part 7 that the court's permission is required before a claim form can be served out of the jurisdiction

NAB fined $57.5m in 'fees for no service' case

The action against NAB, which was launched shortly after a gruelling appearance by the bank at the royal commission into financial misconduct, was against two NAB-owned trustees, NULIS Nominees and MLC Nominees.

Ogier's BVI and Hong Kong teams advise in liquidation matter involving secured creditors

Novel Blaze opposed the application on a number of grounds.

Global Private M&A Guide

A practical tool covering key aspects of the legal and regulatory M&A framework in nearly 40 countries

Thai Airways faces court ruling on landmark debt rescue plan

THAI creditors are likely faced with a protracted process: the company is estimating that the rehabilitation process could take as long as seven years.

HSBC to Scrap More Fees for Hong Kong Retail Customers

A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.

Thailand securities regulator mulls raising futures trading fee, report says

The move is necessary as the “growing volume on TFEX has increased the cost of operations and regulatory management by the SEC”, he says in the report published on September 11.

Carey Olsen acts in London property deal

Carey Olsen advises Singapore real estate investment company on first London property acquisition

Islamic finance in Indonesia fends off coronavirus chill

Banks and app tap growing demand in world's largest Muslim country

Philippine and Indonesia Regulators announce Deal to Improve Financial Systems and Boost Supervision

The regulators will also reportedly discuss the supervisory framework, consumer protection, financial inclusion, financial technology and capacity building, according to an article by Asia Asset.

China's expanded export controls pose fresh challenge to global tech industry

In addition to recommendation algorithms such as those used by ByteDance-owned TikTok, the new list of “partially restricted exports” includes drone and cybersecurity technology, voice recognition software, and handwriting scanning software.

Milestone Group appoints MD of Asia Pacific

Milestone Group, a global investment fintech firm, best known for innovation in fund processing, asset allocation and oversight automation, has appointed Marian Azer as Managing Director for Asia Pacific based in Sydney, Australia.

Codification of Existing Practices into Hong Kong Listing Rules Effective from 1 October 2020

The amendments are effectively codification into the Rules of certain waivers that have been granted by the Exchange with general effect

Legal, Regulation & Compliance