06/05/2014
RBI loosens offshore structured products restrictions
The Reserve Bank of India's May 12 notification allows these branches to sell structured financial and derivative products - a small step forward for Indian structured finance.
Legal, Regulation & Compliance
06/05/2014
Japan's SMFG chairman concerned about extra banking rules in U.S., UK
The U.S. Federal Reserve has passed a rule that will force units of foreign banks operating in the United States to hold more capital and liquidity locally in order to shield taxpayers from any potential losses.
06/04/2014
Leading international law firm Celebrates Fifth Anniversary in Singapore
The firm has significantly expanded its team to 11 lawyers, making it the largest offshore law firm by some distance in Singapore.
06/04/2014
Bakers, Debevoise help insurers ink $5.7 bln deal
Baker & McKenzie and Debevoise & Plimpton have scored lead advisory roles on Japan’s Dai-ichi Life Insurance Co’s agreement to buy American insurer Protective Life for $5.7 billion in what is the largest ever acquisition by a Japanese
06/02/2014
Hill Dickinson hires from Clydes and Kennedys to bolster Asia base
Four years after its launch, Hill Dickinson’s Singapore office now has 15 fee-earners and contributes 3 per cent of the firm’s total revenue.
06/02/2014
UK’s fast-growing model for legal services launches in Australia
A new model for providing legal services enters the Australian market today, with the official launch of Keypoint Law.
05/30/2014
'Is 10 beers too much?' Banker who taunted police by sending them photographs of him drinking behind the wheel is caught
Chen Teng posted pictures on the internet of him holding beer cans
05/30/2014
Conyers advises HKT on financing, security and acquisition of issued share capital of CSL
Conyers Dill & Pearman has provided Bermuda legal advice to HKT on the $2,425m (£1,450m) financing and security
05/29/2014
IMF warns HK on exposure to mainland banking system
The IMF in a report just out warns Hong Kong of its exposure to the Mainland banking system, due to close financial ties that could bring a potential shock to interbank markets.
05/28/2014
CBA, ASIC slammed over 'sketchy' Senate inquiry submissions
The Commonwealth Bank has revised key details about the measures it took in compensating victims of misconduct
05/28/2014
Ashurst former senior partner hired as strategic adviser by Chinese ally
Green relocated to Hong Kong in 2008 to become Asia managing partner
05/27/2014
Goldman Veteran Hunts Smugglers in Philippine Graft Fight
Sevilla, 45, is President Benigno Aquino’s latest crusader in his battle against graft
05/27/2014
Offshore magic circle law firm launches Singapore office with glittering event
Our expansion into Singapore will enable us to build upon our success in Hong Kong and provide clients across Asia with top-notch legal expertise.”
05/27/2014
Baker & McKenzie Advises on the Sale of Four Retail Properties
The Link REIT currently has a portfolio consisting of properties with an internal floor area of approximately 11 million square feet of retail space and approximately 79,000 car park space
05/27/2014
Sebi finds mutual funds passively violating rules
The regulator finds some mutual fund schemes have not restricted a single investor from holding more than 25% of the corpus of a scheme
05/26/2014
Ex-JPMorgan CEO Fang Fang said to have cut deal with prosecutors
His move has allegedly prompted many at the bank to hire independent lawyers for their own protection.
05/26/2014
Alleged Cayman Island Ponzi scheme Centaur Litigation to wind up
The litigation funder's Sydney-based adviser, Buttonwood Legal Capital, last week told investors it had discovered ''a number of financial irregularities in relation to certain funds within the group''.
05/26/2014
China targets shadow banking in interbank clampdown
PRC regulators have issued stricter rules on interbank financial transactions as part of their continuing efforts to curb shadow banking and to deleverage the banking sector.
05/26/2014
Korea: 9 brokerages, trust firms under investigation
The financial watchdog said it started investigating nine securities and asset management firms, Monday, to see if they violated rules requiring them to inform investors of the risks and other details of their products.
05/23/2014
International law firm Advises City Financial on US$122M Asian Macro Fund Launch
The fund launch was notable in that there was no seed investor, with capital coming from a combination of investors in Mr. Barker's previous fund and from new investors.