05/22/2015
Central bank tightens investor LVRs
The changes apply specifically to Auckland, which has been experiencing a Sydney-like boom.
Legal, Regulation & Compliance
05/22/2015
UAE firm sues Korea over taxation
The National Tax Service (NTS) imposed the tax on Hanocal in 2010
05/22/2015
Leading law firm launches global team providing offshore and legal advice relevant to tax
Having advised financial institutions, multinational corporates, funds and asset managers on offshore and legal advice relevant to tax for many years, the firm has now drawn together a team of partners with specific tax expertise.
05/22/2015
Submit proof to freeze Abhishek Verma's bank account, says Liechtenstein to ED
This is the second time that Liechtenstein authorities have refused to share the details with Indian agencies.
05/21/2015
China Unleashes Bonds to Tackle Local Debt
China Unleashes Bonds to Tackle Local Debt
05/20/2015
China looks to tighten screws on MMFs
The China Securities Regulatory Commission is looking to further regularise the country’s booming money market fund sector by proposing greater risk control, liquidity and information disclosure measures, among other factors.
05/20/2015
Sebi notifies norms for mutual funds managing offshore money
These regulations would be called the Securities and Exchange Board of India
05/20/2015
Finance Ministry: IMDB funds from Cayman Islands are kept in BSI Bank
It also stated that the ministry is amending its answers to Pua in March stating that the Cayman Islands investment funds were redeemed in the form of cash and are still kept in BSI Bank in US currency.
05/19/2015
Deacons advises on the first RQFII exchange-traded fund tracking the ChiNext Index
The fund listed on the Hong Kong Stock Exchange on May 15th 2015.
05/19/2015
FMA removes offshore firms from Register
The FMA has been reviewing referrals from the Registrar where there are concerns about whether the substantive business activities of a firm require it to be registered on the FSPR in New Zealand.
05/18/2015
RBI Plans Cybersecurity Arm for Banks
Security Leaders Welcome Regulator's Help Setting New Standards
05/18/2015
Called to account: The banks in China who defraud their clients
A counterfeit "guarantee note" with an official bank stamp and details of the agreement was given to each one of the victims as security.
05/18/2015
NZ's Key unveils new property tax
New Zealand's government is set to tighten the country's property tax laws amid growing concerns about the overheated Auckland housing market and what will happen if prices fall sharply
05/18/2015
Luxury Fashion Brands Accuse Alibaba of Profiting From Fakes
The owner of fashion brands Gucci and Yves Saint Laurent has accused Alibaba Group in a lawsuit of profiting from sales of counterfeit goods despite the Chinese e-commerce giant's pledge to combat the trade in fakes.
05/15/2015
China grants RQFII status to six more firms
For the first four months of this year, QFII A-share equity funds have been buoyed by the bull run in China’s stock market
05/15/2015
Herbert Smith Freehills advises China Merchants Bank on US$5 billion MTN program update and US$500 million bond issuance in Hong Kong
Herbert Smith Freehills has advised China Merchants Bank on the update of its US$5 billion MTN program and on a US$500 million bond issuance under the program
05/15/2015
White & Case sets up another Indonesia alliance
White & Case has forged a new alliance with local, Jakarta-based firm Witara Cakra Advocates
05/14/2015
Deacons advises on a RMB632.5 million acquisition of share interests in Lead Wealthy Investments and Jolly Success Holdings
The team was led by partners Myles Seto and Iris Cheng, supported by associate Campos Cheng from the corporate commercial practice group.
05/14/2015
Thailand’s Superboard approves BAM listing this year
The move will make BAM one of the the first state agencies to trades its shares in the stock market since the junta seized power in Thailand, last year.
05/14/2015
Harneys Singapore a finalist in 2015 ALB SE Asia Law Awards
The firm has been nominated in the ‘Offshore Law Firm of the Year’ category. This recognition comes only a year after Harneys' Singapore office opened.