04/20/2015
Legal threat to banks over financial advice
Some of the country's biggest banks could face legal action from customers over their failure to provide all of the financial advice services that clients had paid for, plaintiff law firms say.
Legal, Regulation & Compliance
04/20/2015
Conyers Receives Deal of the Year Award
At the recent Asian-MENA Counsel awards ceremony, Conyers received a Deal of the Year award for the Privatization of Giant Interactive Group Inc.
04/18/2015
SEBI bars 129 entities; suspects money laundering
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator SEBI on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
04/17/2015
Fund CEOs question benefits of passporting
Regulation is shaping the agenda for fund passporting and not always for the best, according to industry experts at a forum. And with the rise of Asian digital fund platforms, passporting may become irrelevant.
04/17/2015
AsianInvestor's regulatory roundup, April 17
HKEx considers liberalising Stock Connect rules; Fed hints algotrading caused flash crash; Taiwan reforms offshore fund rules; ARFP's tax hurdles highlighted; and nonresidents to pay British CGT.
04/17/2015
China suspends new bank-technology rules
China suspended bank-technology rules that Washington complained represent unfair regulatory pressure on foreign firms, the Wall Street Journal said, citing an official notice.
04/17/2015
Bank of China awarded more than $672 million by B.C. court
A B.C. Supreme Court judge has ordered two defendants to pay the Bank of China more than $672 million in an international breach of trust and fraud case.
04/16/2015
Wealth giants investigated by ASIC over advice charges
ASIC today provided an update on its Wealth Management Project which is focusing on the conduct of the largest financial advice firms
04/16/2015
ANZ to reimburse Prime Access clients
ANZ today confirmed it will be reimbursing some Prime Access clients after it identified the documented annual review, part of a package of services, had not been provided.
04/16/2015
Appleby advised In Construction on its Hong Kong Listing
The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office
04/16/2015
Leading offshore law named 2015 'Corporate Law Firm of the Year'
“Our Hong Kong office has been incredibly active this year advising on a wide range of complex corporate transactions, and we are honoured to be recognised for the quality of our work and our dedication to our clients,”
04/16/2015
MoFo Expands Singapore M&A Bench With Bengoshi Corporate M&A Partner
“Saori is a well-respected bengoshi corporate partner and her expertise will be invaluable to our clients in Japan looking to expand and invest in the region.”
04/16/2015
Baker & McKenzie in Chinese legal market first
The Joint Operation provides clients of both firms with an unprecedented platform to serve their international and PRC legal needs.
04/16/2015
HK reforms will cause 'collateral damage' – IFAA
Hong Kong's financial advisory industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms, according to the chairman of the Independent Financial Advisors Association.
04/15/2015
ASIC bans former securities dealer
ASIC has banned Anton Kerstens of North Sydney from providing financial services for five years, after an investigation found dealings by his company had manipulated the price of shares in Cauldron Energy.
04/15/2015
Philippine Central Bank considers term auction facility to manage cash
The Philippine Central Bank is considering introducing a new liquidity tool that will allow banks to deposit money with the monetary authority for one month to a year
04/15/2015
Opening up new markets: Trowers becomes first foreign firm to get licence in Malaysia
Trowers & Hamlins has become the first law firm to secure a Qualified Foreign Law Firm licence in Malaysia as it seeks to capitalise on its Islamic finance offering and target European bound investment.
04/14/2015
China moves to tighten control over policy banks
China’s government is strengthening control over the country’s three major policy banks to position them better to support new initiatives to finance projects and corporate expansions abroad and to help stabilise growth at home
04/14/2015
Asian Australian Lawyers Want To Shatter 'Bamboo Ceiling'
The Asian Australian Lawyers Association will launch its analysis of Asian Australian cultural diversity in the legal profession here on Tuesday
04/14/2015
China weighs up relaxing nascent OA market
The OA scheme came into force in January 2015. Similar to enterprise annuities, the OA scheme consists of contributions from both employees (4% of salary) and employers (8% of salary).