02/26/2016
HK, mainland, Macau law firms in Hengqin FTZ alliance
The move is the next step in Fongs’ efforts to go global, which comes after it set up an international department earlier this year
Legal, Regulation & Compliance
02/26/2016
RBI includes National Bank of Abu Dhabi in Reserve Bank Act
NBAD is the leading bank in the Middle East. Currently, it has a global presence in 17 countries and overseas territories, spanning five continents: It has operations in China, Hong Kong, Malaysia, India, Oman, the UAE, Kuwait, Bahrain, Jordan, Lebanon, E
02/25/2016
Singapore Lawyers Warn of 1998-Like Pain as Debt Defaults Spread
Rival law firm Hogan Lovells US LLP said in an interview that regional banks will likely boost sales of bad loans in coming months.
02/24/2016
Mayer Brown JSM advises Asia Development Bank and International Finance Corporation on US$300 million loan financing in Myanmar
Providing affordable, widely available telecom services to support economic growth and cut poverty has been a priority goal of the Myanmar government.
02/24/2016
Elliott to be referred to prosecution on rule breach
The Securities and Futures Commission (SFC) will approve a petition to punish Elliott at its policy-setting meeting today, asking the prosecution to investigate the fund for the rule breach.
02/22/2016
Six arrested in ICBC money laundering case ordered to jail
The court said in a statement that all six were suspected of having committed "several economic crimes", without giving any further details.
02/22/2016
Govt issues top tips for Kiwi business in Iran
The deal followed more than a decade of diplomatic wrangling aimed at keeping Iran from building a nuclear bomb.
02/22/2016
HSBC’s Asia hiring practices probed by SEC
Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of this matter, including the timing or any possible impact on HSBC, which could be significant.
02/22/2016
Appleby continues to play active role on HKEx by advising on two recent listings
The listing marks the second IPO in the area of DNA synthesis products on the HKEx.
02/19/2016
Police raid Madrid office of China's biggest bank
Over 100 police were involved in the operation, which saw the arrest of five ICBC directors, Europol said in a statement.
02/19/2016
Kimora Lee Simmons’ Husband Caught Up in Massive Scandal
Media sources report that Simmons has connections to Razak’s wife.
02/19/2016
Kyc.com expands Asia Pacific footprint to Hong Kong and Singapore
Standard Chartered, the UK headquartered bank with a large footprint in Asia, is supportive of kyc.com and in the process of joining the service.
02/18/2016
China's Banks May Be Getting Creative About Hiding Their Losses
Banks are increasingly using trusts or asset management plans to lend and recording them as funds to be received rather than as loans, which are subject to stricter regulatory oversight and capital limits.
02/18/2016
India slaps 2.1 Bln USD Tax Notice on Telecom Giant Vodafone
India has slapped a tax notice of 2.1 billion U.S. dollars on UK telecom giant Vodafone, in what is being dubbed by many as "tax terrorism."
02/18/2016
Regulators Leave Wealth Management Industry Unplugged
Against a backdrop of loose supervision, banks and financial firms are taking big risks with investors' funds
02/18/2016
16-036MR Former Guardian Advice insurance adviser permanently banned from financial services
In executing this business model, ASIC found that Mr Moroney failed to comply with financial services laws in relation to a number of his clients.
02/17/2016
Malaysia: The 1MDB money trail
Probes into suspicious transactions at the Malaysian fund have threatened to expose loopholes in global finance
02/16/2016
HSBC Keeps London Headquarters in Victory for U.K. Over Asia
The decision is a victory for U.K. Chancellor of the Exchequer George Osborne, who made tax and regulatory concessions to large banks
02/16/2016
CEO loses $33 million claim against UBS
Mr Tan had initially sued UBS for more than $133 million, but in the course of the trial, he dropped the claim to $33 million.
02/16/2016
Japan funds seek exemption from negative interest rates
It would be the first protection of its kind to be demanded since the Bank of Japan announced its negative rates policy last month.