Managers of Wealth Asia Pacific

De Brauw confirms Shanghai launch

Benelux firm De Brauw Blackstone Westbroek is joining German best friend Hengeler Mueller with an office in Shanghai, its second Chinese base.

China’s central banks bars Bitcoin transactions

The public is free to participate in Internet transactions provided they take on the risk themselves.

Global firm takes Maddocks head to launch in Oz

We can confirm that David Rennick will be engaged by Pinsent Masons as a consultant early next year.

KWM global disputes co-ordinator to leave the firm

He was recently appointed as the global co-ordinator for the disputes practice to help integrate the firm following the tie up between KWM and SJ Berwin in the UK.

Goldman Sachs Sued by Singapore Client Oei Over Loss

Goldman Sachs Group Inc. was sued by Singaporean wealth-management client Oei Hong Leong over a $34.3 million loss on Brazilian real-yen options trades he claimed the bank misled him into making.

Ex-RBS Trader Tan Chi Min Drops Unfair Dismissal Claim Over Libor-Fix ‘Scapegoat’ Sacking

A former Royal Bank of Scotland trader fired for allegedly trying to rig the benchmark rate Libor has dropped his court claim of unfair dismissal.

Australian class action close to settlement with Lehman Brothers liquidator over sub-prime losses

A group of Australian councils, churches and charities that lost millions of dollars in the US sub-prime mortgage crisis are has reached a settlement with the liquidator of the collapsed investment bank Lehman Brothers.

Linklaters names new Asia managing partner

Linklaters has named its current Greater China and global litigation head Marc Harvey as Asian regional managing partner to succeed outgoing Stuart Salt.

S'pore shadow banking small: MAS

Singapore's shadow banking is small, the Monetary Authority of Singapore Financial Stability Review 2013 said.

Nomura to Punish Staff for Inside-Information Leaks in 2010

JPMorgan Chase & Co. said today that a former employee leaked information used for insider trading, also in 2010.

Adviser Forced To Pay Back $684,000

A former financial adviser has been forced to pay back $684,000 to five clients after he was convicted for providing inappropriate advice.

China Hiring Probe Extends to Morgan Stanley, Citigroup

The Department of Justice and the Securities and Exchange Commission are probing as to whether the banks’ hiring of offspring of Chinese bureaucrats breached the US Foreign Corrupt Practices Act.

Appleby Partner wins at Euromoney's Asia Women in Business Law Awards

The awards recognised the leading female business practitioners across 14 legal practice areas, as well as those domestic and international firms dedicated to the advancement of women in the legal profession.

Hong Kong Banks Agree NFC Payment Standards

The Hong Kong Association of Banks has issued Best Practice for NFC Mobile Payment in Hong Kong

China Said to Plan Crackdown on Banks’ Loan Limit Evasion

Banks would also be required to take provisions on such assets while the transactions are in effect.

Maybank meets public float in BII

Malayan Banking Bhd has fully complied with the regulation of the Financial Services Authority of Indonesia on refloating BII shares by 20%.

Former UBS Trader Says Wrongful Firing Lawsuit Settled

The former executive director had sought at least S$1.3 million ($1 million) from UBS, which said in an e-mailed statement that it doesn’t comment on individual employee litigation.

New U.S. derivative rules leave Asia markets vulnerable

Several Asian and U.S. banks are working around new U.S. regulations on derivatives trading aimed at preventing a repeat of the 2008 financial crisis

Norton Rose Fulbright axes 30 jobs in Australia

Redundancies in other regions are not expected, with the firm saying the job losses came in response "to changes in the local market".

K&L Gates and Sidley lead on Philippines 'largest ever' IPO

The offering, which closed earlier this month, is thought to be the largest-ever IPO in the Philippines.

Legal, Regulation & Compliance