08/14/2023
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.
Legal, Regulation & Compliance
08/10/2023
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.
08/10/2023
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.
08/10/2023
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.
08/09/2023
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.
08/09/2023
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.
08/08/2023
Appleby Continues to Expand Its Asia Offering
Hannah is a native Mandarin speaker and fluent in English.
08/08/2023
Maintaining a strong focus on enforcing the law
Opening address by ASIC Deputy Chair Sarah Court at the General Counsel Summit, 7 August 2023
08/07/2023
Japan Watchdog Probes Credit Suisse AT1 Sales
This includes whether or not investors were aware of the possibility of a write-down to zero.
08/07/2023
ASIC suspends AFS licence of Probis Financial Services Pty Ltd
Probis may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
08/04/2023
Singapore central bank plans anti-money laundering controls for single-family offices
“The revised framework will introduce a consistent set of exemption criteria from licensing requirements for SFOs to ensure that all SFOs are subject to anti-money laundering controls.”
08/04/2023
Signing of a Memorandum of Understanding with Abu Dhabi Exports Office
SMBC has been a leading provider of corporate finance, project finance, financial advisory and trade finance for the government and state-owned companies in UAE
08/04/2023
Allen & Overy advises ESR on Hong Kong’s first sustainability-linked loan for a brownfield data centre conversion project
It is the first SLL in Hong Kong for a brownfield data centre project.
08/03/2023
S238 in action: CICA clarifies approach to 'fair value' appraisal proceedings in Trina Solar
An independent Special Committee was appointed to evaluate the fairness of the offer, and it approved and recommended it to shareholders.
08/02/2023
Maples Group Advises Multi-Million Dollar China-Focused Hedge Fund
A team of lawyers based in the Group's law firm in Hong Kong acted as Cayman Islands legal counsel to Protium Capital.
08/02/2023
Harneys advises Endeavour United on the closing of its JP¥53 billion new Japan buyout fund
At the core of its investment strategy, Endeavour United aims to make value-oriented investments in companies with operational, transactional, or structural challenges and complexity.
08/02/2023
MAS seeks views on framework to combat potential money laundering at single-family offices in S’pore
To qualify for the proposed class exemption, SFOs must be incorporated in Singapore
08/02/2023
Hong Kong shifting landscapes of philanthropy and how family plays a part in it
With so much wealth accumulated within the region, many HNWIs turn to philanthropy as a means to support causes and help communities in lack.
07/31/2023
Former investment manager Brett Paul Trevillian charged with creating fraudulent documents
The matter will next be in court on 26 September 2023 at the Downing Centre Local Court.
07/28/2023
ASIC imposes additional licence conditions on Shartru Wealth Management Pty Ltd
Shartru has held AFS licence no. 422409 since 30 July 2012.