07/29/2014
Conyers advises Jinmao (China) Investments Holdings Limited on US$500 million IPO
This IPO is the fourth Business Trust listed in Hong Kong, Conyers having advised on each of such listings.
Legal, Regulation & Compliance
07/28/2014
HK life ban for Union Securities duo
An SFC investigation found that Union Securities, with the involvement of Ma and Cheng, misappropriated approximately $400,000 from two clients who thought they were depositing those moneys for settlement of orders.
07/28/2014
Japanese hedge fund challenges regulators in insider trade case
A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by energy firm Inpex Corp.
07/24/2014
Mixed reaction to possible changes in Chinese JV rules
A potential relaxation in regulations governing asset management joint ventures (JVs) in China has received a mixed reaction from the industry, Asia Asset Management found.
07/24/2014
Slaughters adds to Hong Kong partnership to bring total to 13
Over time we’ve made periodic promotions in Hong Kong when the moment is right
07/24/2014
Macquarie spends $49 million to fix private wealth
Macquarie also came under fire as a Senate committee report last month recommended a royal commission
07/24/2014
Mayer Brown taps Bryan Cave for five-strong Asia consulting team
Mayer Brown has poached a five-person team from Bryan Cave in Singapore to set up an Asia-focused consulting arm in the city-state.
07/22/2014
RBS fined $1.6 million after rigging local interest rate
RBS will make a voluntary contribution of $1.6 million to finance independent financial literacy projects in Australia as part of an enforceable undertaking, according to a release the Australian Securities and Investment Commission.
07/22/2014
Philippines enacts law letting foreign banks fully own local lenders
The act replaces a cap of 60 percent on foreign ownership of Philippine lenders and abolishes restrictions that have allowed only 10 foreign banks to have fully-owned operations in the country.
07/22/2014
NZ c.bank to review bank rules, aims to simplify regulations
New Zealand's central bank on Tuesday said it would begin a review of the country's banking regulations this month to assess their effectiveness in the aftermath of the global financial crisis.
07/20/2014
Switzerland raise legal issues over sharing details of illegal Indian accounts: Arun Jaitley
Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders.
07/18/2014
Co-operative Bank seeking court injunction to prevent NZ Association of Credit Unions from rebranding to 'Co-op Money' and 'Co-op Insurance'
This to us is big bank bullying and we will strenuously defend for all New Zealanders the right to use this word
07/18/2014
RBA could follow New Zealand on LVR caps
The regulators talk about it all the time as if it is a problem, so sooner or later they will do something
07/18/2014
Youhuitong and other ways for China's wealthy to move funds abroad
Youhuitong reportedly helped wealthy Chinese individuals send unlimited funds abroad after they apply for immigrant investor programs
07/18/2014
DLA Piper sees three more partner exits in Asia-Pacific
DLA’s website now lists 24 partners in its Hong Kong practice, with one of those also listed in Silicon Valley and another also listed in Bangkok.
07/18/2014
RBI signs MoU with Hong Kong Monetary Authority
With this, the central bank has signed MoUs with 21 supervisors for supervisory co-operation.
07/17/2014
FSC warns on using offshore Internet bank sites to lend
Non-traditional banking practices are not subject to supervision by the FSC so it cannot intervene when disputes do arise
07/17/2014
Bakers and Clifford Chance take lead roles on Hong Kong Airlines IPO
Baker & McKenzie and Clifford Chance are understood to be advising on the IPO of Hong Kong airlines, estimated to worth approximately $500m.
07/17/2014
Can Hong Kong still compete? Top lawyers raise concerns about the city's future as a financial centre
Welcoming more than 100 delegates to Legal Week's third Corporate Counsel Forum Hong Kong, Solicitor General Frank Poon alluded to the city's recent ranking as 20th in the world for economic freedom and third as a global financial centre.
07/16/2014
Leading dispute resolution partner joins International law firm in Beijing
The firm now has 18 partners and over 150 total staff members across its Greater China network