12/16/2013
Headhunters exploiting regulatory pressure on banks
Compliance with regulations has put cost pressures on banks, creating internal instability and making them fertile hunting ground for recruiters in 2013.
Legal, Regulation & Compliance
12/16/2013
Former Malaysian fund manager fined $390,000 for providing misleading disclosures
Mohamed was charged in 2003 with two offences for authorising the misleading statements to be made to the SC and one offence for having abetting Metrowangsa in using RM50 million of Lembaga Tabung Haji's moneys to pay its other clients.
12/16/2013
Milbank hires new partner in Hong Kong
He joined from Allen & Overy
12/16/2013
Legacy SJ Berwin HK partner joins Stephenson Harwood
Duel qualified in Hong Kong and in England and Wales, she has practised in each of the jurisdictions for over a decade.
12/12/2013
Parkes Mayor says Lehman Brothers settlement could take months to finalise
The shire headed the action on behalf of a group of councils, churches and charities that lost around $180m on investments in the Global Financial Crisis.
12/12/2013
KPMG: Turned Over China Documents to U.S. Regulators
The handover is part of a U.S.-China deal reached in May that allows the U.S. access to audit firms' documents about their Chinese clients, conveyed to the U.S. through Chinese regulators.
12/11/2013
Indian Regulator Frustrates Asset Managers as Control on Mutual Funds Tighten
A Reuters report said the Securities and Exchange Board of India or SEBI has began a crackdown on mutual funds, which has frustrated asset managers
12/10/2013
E&Y Hires Former HSF Partner As it Mulls Singapore Legal Services arm launch
Former Herbert Smith Freehills’ Singapore partner John Dick has joined Ernst & Young Singapore as a partner as the “big four” accounting firm mulls legal services launch.
12/09/2013
Ex-Deutsche Bank Trader Gets Seven Years Jail for Bribes
Ma Sin-chi, a former Deutsche Bank AG (DBK) managing director in Hong Kong, was sentenced to seven years in jail for accepting HK$24.8 million in bribes.
12/09/2013
Regulators still struggling to balance protection with growth, according to financial service firms
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/09/2013
Asia Pacific updates data protection regimes
The firm analysed how countries globally were reacting to data protection and found the greatest shift in the Asia Pacific region
12/09/2013
Herbert Smith Freehills names new Asia litigation head
Herbert Smith Freehills has named Tokyo managing partner Peter Godwin as the firm’s new regional head of disputes in Asia.
12/09/2013
Standard Bank Consultant Detained in Mongolia Amid Debt Dispute
Mongolia has issued a travel ban on a New Zealand national consulting for Standard Bank Group Ltd.amid an escalation in a dispute with a local company over a debt repayment.
12/09/2013
HC asks Videocon to pay euro 38 mn dues to Italian bank
Videocon Industries has suffered a blow by Bombay High Court with a recent ruling directing the company to repay a sum of 38 million euros to an Italian bank
12/04/2013
Myanmar to Allow Foreign Banks to Begin Some Operations Next Year
Thirty-four international banks have representative offices in the country, but they have thus far been forbidden from opening branches or offering services other than advising clients.
12/04/2013
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.
12/04/2013
China’s central banks bars Bitcoin transactions
The public is free to participate in Internet transactions provided they take on the risk themselves.
12/03/2013
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.
12/03/2013
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.
12/03/2013
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.