11/03/2013
Bakers, S&C, Slaughters star in $1.5 bln HK bank buy
The purchase of Chong Hing Bank by Guangzhou’s Yue Xiu will be the first takeover of a Hong Kong bank since the $4.7 billion deal for Wing Lung Bank by China Merchants Bank in June 2008
Legal, Regulation & Compliance
11/02/2013
JPMorgan confirms probes of hiring in Hong Kong
Authorities in the US and elsewhere check whether practices breached bribery laws
10/31/2013
Asian regulators eye more forceful monitoring of shadow banking units
ASIA’s financial leaders are looking into implementing a high-level policy framework to strengthen the monitoring of financial institutions that provide services similar to that of a traditional bank.
10/31/2013
Enlarged King & Wood Mallesons forms new global organisational structure
The newly merged firm will be governed by the international management committee
10/31/2013
Dacheng launches into Mongolia
Several international firms have also entered into Mongolia
10/30/2013
Debevoise Names New International Counsel in Hong Kong
He regularly represents private equity sponsors and multinational corporations in a range of corporate transactions, including cross-border mergers and acquisitions, minority and control investments, secondary transactions and capital market offerings.
10/30/2013
China securitization plan expanded to include foreign banks - sources
Chinese regulators have expanded a pilot plan allowing banks to package loans into tradable securities to include foreign banks
10/27/2013
Ex-Slaughter, Linklaters Lawyers Fail to Dismiss Lawsuit
A former Slaughter and May lawyer and her boyfriend who worked for Linklaters LLP lost a bid to dismiss a Hong Kong Securities and Futures Commission lawsuit alleging they used inside information to trade shares.
10/27/2013
Japanese Bank’s Inquiry Finds Details of Shady Loans
The used-car dealers that dot the outskirts of Tokyo and other Japanese cities are an unlikely link between one of Japan’s biggest banks and the country’s yakuza gangsters.
10/24/2013
King & Wood Mallesons senior partner to chair HK insurance group
King & Wood Mallesons senior partner Ronald Arculli has been appointed as chairman of Pacific Century Group new insurance business, FWD Group.
10/24/2013
Withers expands Asian family practice
The newly appointed Chinese team members will further expand and strengthen our offering to the growing Chinese high net worth market.
10/23/2013
Former Indian Bank chief, four others sentenced
A CBI court sentenced on Wednesday former Indian Bank chairman and managing director M Gopalakrishnan and four others to one year imprisonment for defrauding various branches of the bank to the tune of about Rs. 6.5 crore.
10/22/2013
Taiwan Investor Headed To Luxembourg For BSI Documents Involving Madoff-Linked Funds
A Taiwanese investor who tried to obtain potentially embarrassing documents in a Hong Kong court tied to the possible sale of Bernie Madoff-linked funds
10/21/2013
UBS fined on Newcrest sale
The breach had the potential to damage the reputation and integrity of the market but was inadvertent on the part of UBS
10/21/2013
Clifford Chance comes under fire from Singapore government for 'misleading clients'
Shanmugam said the government had contacted the firm to warn it about giving misleading statements
10/21/2013
Bakers Hires Corporate Lawyer From A&O in Tokyo
Baker & McKenzie has hired corporate M&A lawyer Jeremy White as a partner at its Tokyo office
10/20/2013
Singapore launches assessment of money-laundering risks
Singapore has launched an assessment of money-laundering and terrorist-financing risks within its borders
10/19/2013
Asian Financial System Strengthened By Regulatory & Supervisory Framework - Zeti
The modernisation of the Asian financial system has been accompanied by a significant strengthening of the regulatory and supervisory frameworks
10/17/2013
39 Essex Street First in line to set up Kuala Lumpur Base
London set 39 Essex Street is to set up a base in Kuala Lumpur, a move that will make it the first UK chambers to have a presence in Malaysia.
10/16/2013
Japan Cracks Down on Yakuza Mobsters in Banking Industry With Police Database Aid
Japan's Financial Services Agency ordered the bank to improve its business practices