Managers of Wealth Asia Pacific

Harneys wins Offshore Law Firm of the Year at ALB China Law Awards

It is the second consecutive year that the firm has won this prestigious award.

Harneys advises EDA Group Holdings Limited on its Hong Kong IPO

Its logistics network covers various major trade lanes originating from China reaching popular B2C e-commerce destinations around the world, including North America, Europe and Australia.

HKMA planning sandbox for generative AI in banking

HKMA’s Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance.

Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance

The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

ASIC cancels Everest Asset Management’s AFS licence

This includes the obligation to comply with financial services laws, including the requirement to lodge financial statements annually with ASIC.

Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance

The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.

Market brief provides further detail on upcoming Australian renewable energy projects tender

Projects will be assessed against seven merit criteria across Stage A and Stage B, with projects demonstrating the highest levels of merit compared to other projects in Stage A progressing to Stage B.

Four Carey Olsen lawyers star in Asian Legal Business Offshore Client Choice 2024

This recognition is based on direct client feedback, highlighting legal professionals who consistently exceed expectations and deliver high-quality service.

Labuan IBFC Inc. and RAM jointly host event on Labuan captive solutions for self-insurance

This collaboration arises from RAM’s LECA rating service for credit and performance evaluation of Labuan IBFC licensees

Latham Advises Chandra Asri on Acquisition of Shell’s Energy and Chemicals Assets in Singapore

Joint venture with Glencore purchases 100% interest in Shell Energy and Chemicals Park Singapore.

Money laundering accused Su Jianfeng slapped with six new charges for submitting forged documents to OCBC, Maybank

The new charges bring the total number faced by Su to 12

Dentons wins landmark High Court case on contractual damages

The case is now the leading authority for reliance damages arising from a breach of contract.

UOB Relocates Singapore Auditor to Hong Kong

UOB Profit Dips From Higher Costs

Leading law firm for 11 areas in Benchmark Litigation Asia Pacific 2024

11 of our lawyers are listed amongst the top of their field.

MAS fines wealth firm Swiss-Asia for AML breaches

The wealth firm was slapped with a S$2.5m fine for various AML breaches during a four-year period.

Why Asia's growth depends on digitalising the boring parts of banking

Amid recent economic uncertainty and slowing global growth, the region’s technological leadership is vital for continued success and resilience.

CS Legacy Burdens at UBS Threaten to Grow by Millions

The financial authorities in South Korea have apparently informed Credit Suisse (CS) that it could be fined up to 50 billion won, the equivalent of around 33 million Swiss francs.

Greenwashing: A view from the regulator

Keynote speech by ASIC Chair Joe Longo at the RIAA Conference Australia, 2 May 2024.

MAS Will Not Extend Six-Month Pause on DBS Bank’s Non-Essential Activities

MAS will closely monitor DBS Bank’s progress on the remaining deliverables and the effectiveness of the measures implemented.

Website and Internet Banking Login Screen Alert – Fraudulent website and internet banking login screen related to Fubon Bank (Hong Kong) Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

Legal, Regulation & Compliance