03/26/2020
The proposed schemes, promoted in Hong Kong and Bermuda, sought to compromise those debt securities with US$41.4 million paid upfront and new notes being issued to the value of the remaining debt.
03/26/2020
The team advised DBS on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel.
03/25/2020
The transaction was led by Partner Fiona Chan, who was supported by Associate Karina Li.
03/25/2020
Late last week, SEBI also announced more stringent rules on short-selling in a bit to curb speculation.
03/25/2020
Separately, the SC has announced further relief measures for licensed entities and individuals, including annual licensing fee waivers and reductions of CPE (Continuing Professional Education) and professional training requirements.
03/25/2020
To address the challenges many jurisdictions experience in trying to ensure ownership transparency, last October the FATF released a best practice paper offering guidance on measures countries should consider to facilitate access to beneficial ownership a
03/25/2020
The other bribery charge alleges that on or about December 21, 2017, Lum offered the HK$2m to Yeoh for the same purpose.
03/24/2020
Chew and Yap will be imprisoned for 45 and 42 months, respectively. William Lin, former representative of OCBC Bank, was issued an eight-year prohibition order and will be jailed for 16 months for cheating a client.
03/24/2020
Talks between industry representatives, the government and the country’s top regulators on how the changes will affect the industry during a time of financial market upheaval only began on Monday.
03/24/2020
The DEA ensures that financial institutions operating in Singapore and Australia are able to transfer information that they generate or hold more seamlessly across borders.
03/24/2020
Confirming that in assessing this, the Court would take a robust and practical approach.
03/24/2020
The first stage package was announced earlier this month
03/23/2020
China’s economy is widely expected to contract in the first quarter due to measures to curb the spread of coronavirus.
03/23/2020
At the moment, the market and regulations only allow industry consumers in Indonesia to use electricity from renewable energy through option 1 and 3.
03/23/2020
The only deviation identified concerned the delayed implementation of a 5 percent RSF (required stable funding) factor for derivative liabilities, which took effect on 1 January 2020.
03/23/2020
Shailesh Naik, Founder and Group CEO, MatchMove, said “At its core, MatchMove aims to improve the quality of people’s digital life by extending essential and safe banking services to them anytime anywhere.
03/23/2020
The Australian Securities and Investments Commission] ASIC participated as an observer in the project.
03/23/2020
Many merchants are using this method of payment with other Prasac account holding clients.
03/20/2020
The package was developed following discussions with APRA and ASIC to provide the appropriate regulatory treatment, though still requires authorisation from ASIC.
03/20/2020
For between six and 12 years after they cheated clients out of their money