Managers of Wealth Asia Pacific

The World’s Largest Law Firm Will Have 7,300+ Lawyers

Expected to launch in 2016

Commonwealth Bank vows to clean up its act after fraud allegations

COMMONWEALTH Bank chairman David Turner wants Australia’s biggest bank to also be its most ethical following the damning financial advice scandal and allegations it fraudulently impaired loans.

China’s Banks Test U.S. Legal System

Bank of China says turning over account records would violate Chinese law

ASIC forces Formax to remove false statements on retail forex subsidiary ACMAS’s license suspension

Formax is controlled by Chinese investors, is based in the Cayman Islands, and has forex brokerage subsidiaries in New Zealand and the UK, where Formax recently received an FCA license.

BB chief advises banks to use long-term savings for big projects

If banks want to finance long-term projects from short-term savings there will be tenure mismatch

Avestra paid millions to Cayman Island company, court told

Troubled Australian fund manager Avestra sent millions of dollars to a Cayman Island entity linked with scandal-plagued Malaysian sovereign wealth fund 1MDB at the expense of retail investors, a court has heard.

Asia’s Family Firms Need to Talk About Succession

Without a plan, the risk of business failure is high as the transition to the next generation looms.

UK leads on anti-corruption push, U.S. and China lag, campaigners say

Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.

Hong Kong Court of Final Appeal clarifies the law in respect of shareholders’ petitions to wind up foreign companies on just and equitable grounds

This is a milestone decision for shareholders seeking to wind up foreign parent companies with management from and/or assets indirectly held in Hong Kong.

CSRC makes surprise swoop on leading PRC asset managers

According to the Beijing Times, a regulatory enforcement taskforce removed all computers from the research departments of the fund houses under examination.

China: Facing collapse or slow decline?

Earlier this month, Schroders' Emerging Markets Economist, Craig Botham, spent a week in China

$1 Billion of Shares Frozen as China Hedge Fund Boss Xu Probed

Xu, known in China as “hedge fund brother No. 1,” is one of the targets in a wave of investigations

Kazakhstan to Establish Special Islamic Financial Company

ASTANA –A special Islamic financial company is to be established in Kazakhstan to issue sukuk – Islamic bonds, according to interfax.kz.

Fitch: Asset-Quality Risks for Vietnam Banks Remain Despite New Rules

Beginning April 2015, Vietnam banks are required to classify loan quality according to the lowest rating assigned to each borrower by creditors as collated by the CIC.

Dentons and 大成 formalize combination

The launch follows the previously-announced timeline set in January 2015, after a vote by partners of both firms endorsing the combination, with both firms indicating that an effective date would be set by year's end.

2 Hong Kong-based firms to invest US$150-M in Clark Freeport

Two major Asian private equity firms are investing US$150-million to construct five office towers inside this Freeport.

Hong Kong charges hotel owner in $26 million fraud on China's biggest lender

It gave no details of how have defrauded the bank, nor of where the funds are now.

Former WHK Horwath partner Ray Osborne walks free

Osborne was an adviser to high-profile scientist and Novogen founder Graham Kelly and his son David, who pleaded guilty to tax evasion charges in December 2011.

CBA integrates ESGs into wealth management

We're also committed to providing transparency on how we manage ESG considerations, and to disclosing the progress made in the integration of the framework

International law firm Expands Global Private Client Services Offering

In response to increased demand for private client services, the Maples group, comprising international law firm, Maples and Calder, and leading fiduciary, fund services and private client services provider, MaplesFS, has announced strategic hires in the

Legal, Regulation & Compliance