09/01/2015
Nomura Must Reinstate Fired Managing Director, Tokyo Court Rules
The company had no reasonable grounds for dismissing Friedman, the court said in a ruling delivered on Aug. 28.
Legal, Regulation & Compliance
09/01/2015
DIFC Courts wins consultancy deal for Kazakhstan financial centre
Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre
09/01/2015
Bank of India adopts risk management tool to curb fraudulent card transactions
There is no doubt, that the security of financial transactions is becoming a challenge for the banking industry.
08/31/2015
Indian Court Allows Mauritius Treaty Benefits For Appellant
The case related to the sale of the shares of an Indian entity
08/31/2015
CBDT issue guidance notes on FATCA implementation
The Inter-Governmental Agreement between India and US, signed as part of FATCA implementation, requires the Indian FIs to provide necessary information to Indian tax authorities
08/30/2015
Spooked Swiss banks ask Indians to utilise 'compliance window'
Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.
08/30/2015
Citic securities says cooperating with police investigation
The official Xinhua news agency said last week that police were investigating eight employees at CITIC Securities Co Ltd for suspected illegal securities trading.
08/30/2015
Ageas to sell Hong Kong unit to China's JD Capital for $1.4 billion
The deal underscores Chinese companies strong appetite to grow through acquisitions even in the middle the country's biggest stock market turmoil.
08/28/2015
Chinese boutique launches international network
The general counsel of Ford says that he looks for value for money and expertise
08/28/2015
PFRDA for allowing private fund managers to manage government portfolios
The proposal of allowing PFRDA to invest more money in equity is lying with the government
08/28/2015
China police, regulator target suspected violations of stock dealing rules
Three different brokerages introduced they’re beneath investigation for potential violations of guidelines on confirming the identities of consumers.
08/27/2015
Appleby Advised Global Sources on its US$50M Cash Tender Offer
The Appleby team was led by Frances Woo
08/25/2015
HSBC spills details on 400 Indian accounts in Singapore; half are from Mumbai
These are all new names who are having deposits above Rs 5 crore.
08/25/2015
SG: K&L Gates lands finance partner from Dentons
Blenntoft specialises in debt capital markets and Islamic finance with a focus on international Islamic bond transactions in Southeast Asia.
08/25/2015
Singapore’s highest court unfreezes assets of Swiss art dealer
It described the freeze order as an "abuse of the court's process".
08/25/2015
4 foreign banks have applied for wholly-owned subsidiaries, says RBI
So far, only the Singaporean lender DBS and State Bank of Mauritius have publicly stated their interest in converting their franchise models in the country into local subsidiaries.
08/23/2015
Switzerland could turn the scales in 1MDB scam
Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.
08/23/2015
Bitcoin CEO's arrest leaves trail of unanswered questions
A fresh warrant resets the clock on how long police can hold him and grill the self-described computer geek over Tokyo-based MtGox's missing Bitcoins.
08/21/2015
China pumps $23bn into banks
The People's Bank of China provided 110 billion yuan ($A23.4bn) to 14 financial institutions through its medium-term lending facility to maintain liquidity in the banking system
08/21/2015
Appleby Acted on HKEx listings for Foundation Companies Pak Wing & Wan Kei
Wan Kei Group raised approximately HK$170 million, and a majority of the net proceeds will be used for expansion of machinery and equipment, recruitment and repayment for certain outstanding finance leases.