02/28/2019
Mourant wins India Business Law Journal Deal of the Year
The team working on the matter comprised Mourant lawyers based in Guernsey, Jersey and the British Virgin Islands.
Legal, Regulation & Compliance
02/28/2019
How far has Korea's FSS got in investigation of Merrill Lynch high-speed trading case?
The FSS and KRX had strengthened their monitoring of the investment bank after a large number of retail investors
02/28/2019
Former China Development Bank official punished for 'disciplinary issues'
Guo did not pay private contractors who renovated the bank’s office building for renovations to his own home and sold his home to a bank loan client at a price clearly above market value, the statement said.
02/27/2019
RBI suggests major changes to top bank executives' pay structure
Banks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay.
02/27/2019
Singapore becomes India's top FDI source, Mauritius slips behind
Singapore crossed 41 per cent during April and December 2018 to nearly USD 13 billion.
02/27/2019
'Best in show' a no go: KPMG
Seven opted to change product pricing or fees to increase competitiveness, while a further five were discovered to have better performance than first appeared.
02/26/2019
Appleby advises on several of China Business Law Journal's 'Deal of the Year'
The leading offshore law firm advised on two award winning transactions.
02/26/2019
Hajj application process under govt scheme begins
The Ministry of Religious Affairs earlier announced that 200,000 Pakistanis will perform Hajj this year.
02/26/2019
Regional banks eyed to help small businesses find successors
Panel to mull giving Japanese lenders more stakes in rudderless companies
02/25/2019
Chief economist update: The RBI surprises (again)
Can't blame them, although Indian inflation was slowing at the time, the rupee's depreciation and soaring oil prices gave perfect rationales for these rising inflation expectations.
02/24/2019
Australian watchdog finds widespread inappropriate advice at HSBC
The EU followed a proactive ASIC surveillance of HSBC's advice on retail structured products.
02/24/2019
Interim digital services tax to be implemented ahead of OECD work
It is intended that a New Zealand DST be introduced as an interim measure until the OECD reaches a consensus.
02/24/2019
China Strengthens AML/CFT Regime with New Guidance
The new measures mostly cover improvements to internal controls at banking financial institutions, improvements in the supervision mechanism, and clarifications on market access standards – which together establish the basic framework of the financi
02/24/2019
HKMA Turns Up the Heat, Announces Consultation on IBOR Transition
The outcome of this consultation will be a turning point for financial services firms preparing for life after LIBOR, and has important implications for the contractual design and incorporation of “fall-back” provisions in existing derivative
02/24/2019
Changes to incentive regimes include modifications in line with BEPS action 5
Similar changes to introduce substance requirements and exclude IP income from incentives that affect multiple regimes are described briefly below
02/22/2019
EU, Singapore Agree to Mutually Recognise Derivatives Trading Venues
The trading obligation would cover interest rate swaps denominated in several currencies such as US Dollar, Euro and Pound Sterling.
02/22/2019
EU, Singapore Agree to Mutually Recognise Derivatives Venues
The Commission may pass an equivalence decision to recognise a list of organised markets established in Singapore
02/22/2019
Law firms jostle for lead role in Goldman Sachs-1MDB suit
They stand to collect the most in fees in the event of a settlement or favourable verdict.
02/22/2019
Bahamas Signs $12 Million Bilateral Agreement With China for Economic and Technical Cooperation
Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo said that today was a ‘good’ day for the two countries.
02/22/2019
ASIC welcomes new whistleblowing laws
ASIC (the Australian Securities and Investments Commission)’s current whistleblower regime only offers protections to current officers, employees and contractors.