Managers of Wealth Asia Pacific

Recognition of foreign insolvencies at common law: Singapore sets COMI precedent

High Court of Singapore recognised a Japanese bankruptcy trustee

‘This pension change is so wrong it must be a mistake’

Amendment to the age pension will, according to new research, strip many Australian couples of their hard-earned retirement wealth

China set to choose yuan clearing bank for UAE by end of year

A clearing centre can handle all parts of a currency transaction from when a commitment is made until it is settled, reducing costs and time taken for trading.

Disputes on the rise

Maples and Calder partner John Trehey heads the firm’s Asian litigation, restructuring and insolvency practice.

Panama investigations or cover-up

Finance Minister claims, ‘offshore companies are legal, could be financially beneficial within legal framework, but they could also be used for illicit purposes’

British Banker Back In Court Over Hong Kong Double Murder

No details of the hearing, which organised aspects of the trial, can be reported at this stage due to restrictions imposed by the court.

Nixon Peabody opens representative office in Singapore

This is the firm’s third office in Asia.

New Zealand cuts rates, powerless in global easing race

The RBNZ's challenges became immediately apparent after the central bank decision

ICBC aims for benchmark dollar bond via Dubai by year-end

He said the issue would be benchmark-sized, which is understood in the market to mean at least $500 million.

Cabinet liberalises FDI norms for non-banking financial companies

The Budget for 2016-17 had stated that FDI will be allowed beyond the 18 specified NBFC activities under the automatic route for other activities which are regulated by financial sector regulators.

China regulators launch inspections on banking business, wealth management: media

The regulatory scrutiny follows a series of financial scandals involving bill businesses hit lenders, the newspaper said on its website.

Five foreign banks seek entry into local market

The BSP regulates banks and other financial entities operating in the Philippines.

ANALYSIS; Tax amnesty: Repatriated money and economic growth

The repatriated money can be seen as exogenous capital inflows to Indonesia

China set to choose yuan clearing bank for UAE by end of year

A clearing bank in the UAE could have a big impact on trade and investment in the Gulf

14 financial advisers banned in wealth management purge

Three of those banned are on a permanent blacklist and one faces criminal proceedings in the crackdown on dodgy advice.

AIIB Urged to Fast-Track Loans

The China-backed AIIB is focused on supporting infrastructure construction in the Asia-Pacific region. Proposed by China in 2013, Cambodian and 49 other founding members signed the articles of agreement on June 29 in Beijing.

ASIC warns investment banks on conflicts

ASIC reviewed the internal policies and practices of investment banks and brokers between September 2014 and June 2016.

DBS Bank tightens controls after 1MDB debacle

Singapore regulators have also shut down Swiss bank BSI for its dealings with 1MDB.

Hostile Raid on China Developer Flashes Shadow-Banking Warnings

They’re also fanning a debate about whether shadow-banking risks are threatening to engulf the Chinese financial system.

Fraud claims leave life insurers in a fix

Section 45 which says that no claim can be rejected after three of the life insurance policy being in force still remains a bone of contention among insurers

Legal, Regulation & Compliance