Managers of Wealth Asia Pacific

Global Law Office Enhances Tax and Investment Divisions with New Partner Hires

His expertise encompasses a wide range of tax matters, such as dispute resolution, both domestic and international tax preparation, consulting, and compliance.

PolicyStreet Granted Takaful Operations Authorization by Labuan Regulator

The Takaful industry in Malaysia is experiencing rapid growth

Bank of Korea holds rates amid property market concerns

The decision had been widely anticipated by economists.

ASIC disqualifies two more Canberra property developers

The companies were involved in developing commercial and residential properties in Canberra.

Federal Court hands down $390,000 in directors’ duties penalties

Mr Daly, who contested ASIC’s case, will pay a $150,000 penalty and be banned from managing corporations for five years.

Complaints to AFCA top 100,000 a year for first time

Scam-related complaints to AFCA have nearly doubled between 2022 and 2023.

Chinese wealth manager Zhongzhi files for bankruptcy liquidation

The court said it accepted Zhongzhi's bankruptcy liquidation application in accordance with China's enterprise bankruptcy law.

Chinese Wealth Manager Files for Bankruptcy

This adds to worries about spillover from the property sector to the financial sector.

Our Investment Funds Team in Hong Kong

The team works alongside clients from the initial structuring issues for new funds through the continuing operations and other long term business requirements of investment funds.

Ex-Chinese Banking Regulator Receives Life Sentence

Cai Esheng has been sentenced to life imprisonment after being found guilty of accepting 407 million yuan ($57 million) while serving in office

ADB Oks P17 million grant for financial integration

The $300,000 grant will come from ADB’s Technical Assistance Fund.

Bank of Korea's Rhee eyes warning signs of prolonged monetary tightening

He cited doubts about the integrity of commercial real estate loans in major countries and a mid-sized local developer that was forced to restructure its heavy debt load as some of the warning signs for the economy.

Singapore c.bank to review monetary policy on January 29

The January review comes as the Monetary Authority of Singapore shifts to a quarterly schedule of policy statements in 2024 from semi-annual.

Allen & Overy advises on the Republic of the Philippines’ inaugural USD1 billion Sukuk offering

A&O has previously advised the ROP on offerings from its U.S. SEC shelf programme, including its first zero-coupon bond offering, its first euro bond offering in more than a decade and a bond offering to supports its pandemic-mitigation efforts.

China's central bank adds liquidity via reverse repos

The move aims to keep liquidity reasonable and ample at the end of the year

Financial Scandals Run Amok in Asia

Numerous banks have been used by the suspects in some form including UBS, Deutsche Bank, Citi, CIMB, DBS and Bank of Singapore.

MAS Imposes Civil Penalty of $3.9 million on Credit Suisse AG for Misconduct by its Relationship Managers

The RMs had provided clients with inaccurate or incomplete post-trade disclosures, resulting in clients being charged spreads which were above bilaterally agreed rates for 39 over-the-counter (OTC) bond transactions.

Philippine pension fund SSS to cover contract workers at two government entities

The move will benefit around 160 port authority workers and 20 from the customs bureau.

Singapore remittance clampdown: innocent funds caught in China’s anti-money-laundering crusade, experts say

Analysts warn of the complexities in distinguishing clean from ‘dirty’ money in frozen accounts

Court finds Zurich did not breach duty of utmost good faith

ASIC Deputy Chair Sarah Court said, ‘ASIC took on this case to clarify the steps that an insurer must reasonably take before avoiding an insurance policy on the basis of fraudulent non-disclosure.

Legal, Regulation & Compliance