Managers of Wealth Asia Pacific

Financial authority finds cartel in probe involving asset management firms

They have been continuously suspected of having direct or indirect connections with influential figures of the previous administration.

Regional Payment Connectivity Expansion to Include State Bank of Vietnam

The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development of faster, cheaper, more transparent, and more inclusive cross-border payments.

SFC issues quarterly report

It allows investors of Mainland bonds to hedge interest rate risks from Hong Kong.

Munich Re targets AMP over alleged reinsurance misconduct

Allegations suggest that AMP and its associated entities may have acted in a misleading or deceptive way in respect to these agreements.

Malaysia May Sue Goldman Sachs Over 1MDB Scandal

Now, Anwar has come out to say that a legal pursuit has not been ruled out.

Iress enters into binding agreement with SS&C to sell its MFA business

The Transaction follows the announcement of Iress’ refreshed strategy in April, which included a refocusing on Iress’ core businesses while managing non-strategic business for value and releases of capital.

ASIC cracks down on former adviser, comedian

ASIC is investigating fees charged to the super funds of Valvo's former clients between January 2015 and September 2021.

Hong Kong Partner Vivien Fung shortlisted for Women in Business Law Awards APAC 2023 Offshore Lawyer of the Year

Vivien has been recently recognised as a “Highly Regarded” lawyer in the 2023 edition of IFLR1000.

Zhongrong Part-Owner Hired KPMG to Review Balance Sheet

Meanwhile, Zhongzhi is also planning to restructure debt and sell assets after the review to repay investors.

Philippines central bank keeps interest rates unchanged at 6.25%

The monetary board recognised the challenging outlook for economic growth

ASIC proposes five-year extension to DDO

The regulator said it intends to extend the operation of the instrument to retain certainty for industry ahead of potential law reform.

Taiwan Urgently Flags China Risks to Insurers

In addition, the insurers were also asked about the market impact from the recent US downgrade.

Key takeaways from draft data regulation issued by China’s CB

PBOC issues the draft Regulation on Data Security Management for PBOC Business Areas for public consultation until 24 August 2023.

MAS Finalises Stablecoin Regulatory Framework

The regulatory framework takes into account feedback received, following an October 2022 public consultation.

ASIC permanently bans financial adviser and cancels licence of Professional Wealth Management Services

Mr Cuthbertson and PWMS have the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Hin Leong Family Heads to Court in Singapore

The lenders are owed a total of about $3.5 billion after a commodity price drop in 2020 triggered a default, revealing hidden losses and alleged fraud at Hin Leong.

Herbert Smith Freehills Advises IFM Investors on its Investment in Smart Urban Properties Australia

The embedded network space presents a number of highly attractive features, particularly for private capital investors, and SUPA is set for continued success with the support of IFM.

ASIC consults on proposals to extend its short term credit and continuing credit contracts product intervention orders

If not extended, the short term credit and continuing credit contracts product intervention orders will expire on 15 January 2024.

SFC Issues Warning: Virtual Asset Trading Platforms engaging in Improper Practices

These untrue and misleading claims give the public a false sense of assurance that the VATP is in compliance with the SFC’s regulatory requirements.

Jenni Rutter named New Zealand IP Practitioner of the Year at the 2023 Managing IP Asia-Pacific Awards

This award is testament to the fact her clients trust her with their thorniest IP challenges and opportunities.

Legal, Regulation & Compliance