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Legal, Regulation & Compliance

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.

07/27/2023

No Signboard CEO Lim Yong Sim charged with share price rigging

The charges arose from a joint investigation by white-collar crime busters, the Commercial Affairs Department and the Monetary Authority of Singapore.

07/27/2023

ASIC appoints Morgan Stanley to sell shares in The Market Herald Limited

The sale follows a decision by the Takeovers Panel (the Panel) to vest shares in the Commonwealth for sale by ASIC.

07/27/2023

MAS Enables Online Nomination of Insurance Beneficiaries

The process for nominating beneficiaries currently involves hardcopy submissions with in-person witnessing.

07/24/2023

Appleby's Hong Kong office advises China Everbright Greentech Limited on its registration of up to RMB 5 billion DFIS and issuance of RMB 1 billion MTN

China Everbright Greentech is a professional environmental protection service provider in China, with its businesses focusing on integrated biomass utilisation, hazardous and solid waste treatment, environmental remediation, solar energy and wind power.

07/21/2023

Hong Kong, mainland China regulators agree to enhance wealth management and bond connect schemes during 3-day Beijing visit, HKMA CEO says

Mainland officials support the strengthening of Hong Kong’s international financial centre status: chairman of industry body HKAB

07/21/2023

APRA publishes final investment governance guidance

"The reforms have been broadly welcomed by trustees, many of whom have sharpened their focus on the valuation of unlisted assets, liquidity management and stress testing in recent months."

07/20/2023

Carey Olsen's Helen Wang achieves Full (TEP) Membership with STEP

Helen is listed as a Rising Star in The Legal 500 Asia 2023 Guide

07/19/2023

Henley & Partners: Singapore Leads Passport Rankings

Singapore has a population of 5.6 million and it granted citizenship to about 23,100 people in 2022.

07/19/2023

ASIC cancels AFS licence of FTX Australia

On 11 November 2022, John Mouawad, Scott Langdon and Rahul Goyal of KordaMentha were appointed as voluntary administrators of FTX Australia

07/18/2023

APRA finalises new prudential standard on operational risk

APRA finalised the standard following industry consultation that commenced in July 2022.

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