Managers of Wealth Asia Pacific

Foreign firms to enter China’s card market

The paper quoted a source from China’s largest credit card supplier, Goldpac Group, saying People’s Bank of China (PBOC) officials had informed them of the date in September.

Trio Capital director Eugene Liu's ban stands

A senior member of the Administrative Appeals Tribunal, Jan Redfern, said there was no evidence to suggest Mr Liu had reformed or that he admitted and is remorseful about his conduct.

Islamic finance body issues draft guidance on liquidity risk management

IFSB guidelines allow national financial regulators to have the final say on how they apply standards, but its prescriptive approach is gradually helping to harmonise practices across the industry's core centres in the Middle East and southeast Asia.

UK lawyer reopens Myanmar firm after 12-year hiatus

“The firm had to close in 2002 due to the increasing pressure of sanctions being imposed on foreign businesses in Myanmar,”

Herbert Smith Freehills raids Ashurst’s Asia Pacific offices for two corporate partners

Herbert Smith Freehills is a leader in M&A activity in Asia Pacific, regularly acting on some of the region’s most strategic and market-defining transactions

Ashurst scraps Australia managing partner role as incumbent Carrington retires

Ashurst’s managing partner James Collis said: “Given John’s decision earlier this year to retire, and the exceptional way the firm as a whole has embraced the divisional structure, I came to the decision that the responsibilities of the

Herbert Smith Freehills establishes Singapore relationship

Herbert Smith Freehills is one of the largest and longest standing international law firms in Singapore.

Myanmar Conglomerate Wins Control Over Brewery

The tribunal said MEHL can buy the stake at a price that reflected “fair value”

High-flying British banker arrested after two sex workers found dead

The 29-year-old who works for a top bank was arrested after the two women were discovered in a luxury apartment building

Parent of Malaysia’s Zicolaw to use Singapore IPO to fund ASEAN expansion

The parent of Malaysian law firm network Zicolaw is seeking to raise $14.4m on the Singapore Stock Exchange with the aim of funding expansion across the Association of Southeast Asian Nations (ASEAN) region.

Forex fraud lands Singapore CFO 39 month jail term

Seven years after Singaporean marine engineering giant Sembcorp’s long-standing CFO brought the company to near bankruptcy, he is committed to jail. LeapRate explains the full circumstances surrounding the effect caused by Wee Sing Guan’s acti

International co-operation in cross-border insolvencies: smoothing the path for foreign liquidators in Hong Kong

A recent decision of the High Court of the Hong Kong SAR should make the task of liquidators of BVI, Cayman and other foreign companies more straightforward in the region.

Mourant Ozannes joins Guernsey delegation in China

Promoting Guernsey as an international funds and private wealth management centre was the agenda of a recent delegation from Guernsey Finance in China, joined by Mourant Ozannes' Hong Kong managing partner Paul Christopher

Appleby Advised on Mitsui's US$21 MILLION ACQUISITION OF TSIT WING

Mistui's becomes 2nd largest shareholder of Tsit Wing from its US$21 million investmet

Financial planning has gotten beyond a joke

When comedian Shaun Micallef's latest episode of Mad as Hell did a spoof on the scandal-ridden financial planning industry it was a signal that the shenanigans had well and truly entered in the public psyche.

Competition halves law firms’ fees for NCD-related work

"Law firms are bidding Rs 2-3 lakh for work that until the start of this year would have fetched a fee of Rs 4-5 lakh," the promoter of a mid-sized law firm said on condition of anonymity.

India reveals first eight names in black money probe

The Indian authorities have revealed the names of eight businessmen they have accused of being among dozens of people hoarding untold sums of “black money” in foreign banks.

GJEPC urges Centre to grant banking licence to ABN Amro Bank

The delegation told Kher that ABN is the largest lender to the diamond industry

Myanmar Licensing, a milestone in banking industry

Greater convenience is one thing foreign companies doing business in Myanmar can expect as nine foreign banks gradually start their operations within the first half of next year.

Three pillars of policy tightening by central banks

The problem is that in the world after quantitative policy, central bank policy can no longer be represented by a simple interest rate line on a chart.

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