10/02/2013
MAS obtains default judgement of $100k against Ong Beng Hock
The Monetary Authority of Singapore has on Thursday obtained a default judgment for $100,000 against Mr Ong Beng Hock for false trading.
Legal, Regulation & Compliance
10/02/2013
Mizuho replaces compliance officer after crime loans reprimand
Japan's second-largest lender has also come under fierce public criticism over the loans scandal.
10/01/2013
Creation of new global force in legal sector – one year on
October 1 2013 marks the first-year anniversary of Herbert Smith Freehills following last year's landmark full-equity merger, which was one of the largest ever in the legal sector.
09/30/2013
Gina Rinehart Wants to Give up Trustee Role
Billionaire mining magnate Gina Rinehart wants to relinquish control of a lucrative family trust in a stunning and unexpected capitulation.
09/30/2013
HSF Hires a Partner Each From Bakers and Norton Rose Fulbright in Australia
Herbert Smith Freehills has hired two partners in Australia, with Sydney corporate partner David Ryan joining from Baker & McKenzie and Brisbane financial partner David Lyons joining from Norton Rose Fulbright.
09/29/2013
Mizuho to Punish Yakuza Loan Officials
Mizuho Bank will punish officials swept up in a scandal involving loans to anti-social groups including yakuza crime syndicates
09/29/2013
Indian Law Firms Eye Global Play, Set up Offices Abroad
Indian law firms may be minnows compared to global peers such as the Baker & Mckenzies, Clifford Chance and Linklaters of the world.
09/25/2013
Changing regulatory landscape biggest challenge: KPMG
A CFO's forte lies in identifying core financial risks and effectively converting them from a possible threat to opportunity
09/24/2013
Dorsey & Whitney closes Sydney office to focus on Asia
Dorsey & Whitney has a long-established office in Hong Kong, which currently has 13 lawyers, including six partners.
09/24/2013
Stone Chambers launches in Singapore
This move reflects Singapore's growing reputation as a hub for commercial dispute resolution for the Asia-Pacific region.
09/23/2013
The Bangko Sentral ng Pilipinas Probes Banks in Pork Barrel Scam
The Bangko Sentral ng Pilipinas is investigating several banks for their possible failure to detect irregular transactions that may have abetted the illegal activities of Janet Lim-Napoles
09/22/2013
Bedell Appoint Kristian Wilson in Singapore Office
Bedell has strengthened its Singapore office with the appointment of experienced corporate lawyer Kristian Wilson as an Associate.
09/22/2013
Singapore Announces Tighter Rules for Hiring Skilled Foreigners
Singapore will require many companies operating in the city-state to consider Singaporeans for skilled job vacancies before turning to candidates from abroad, bowing to public pressure over a surge in foreigners over the past decade.
09/22/2013
Ex-Qualcomm Executive Indicted
Federal authorities indicted a former executive vice president at Qualcomm on Monday, saying that he was the mastermind of an elaborate insider trading scheme.
09/20/2013
Thai Bank's Property Seized To State
Thailand's Anti-Money Laundering Office is seeking the court's orders for the confiscation of 25-million-baht property of now-defunct Bangkok Bank of Commerce and the protection of deceived rice farmers' rights
09/19/2013
Hong Kong Law Society Urges Taiwan to Open Legal Market To Local Firms
"In Taiwan we are treated differently because of the sovereignty issue," Hong Kong Law Society president Ambrose Lam told Legal Week. "We can't open a firm there and they don't have any mechanism to register us.
09/18/2013
Deutsche Bank Wins Ruling Overturning $49 Million Award
Deutsche Bank AG won an appeal overturning a Singapore ruling ordering it to pay former client Chang Tse Wen $49 million for negligence in advising him on his investments.
09/17/2013
UBS Securities Japan Must Pay $100 Million in Libor Case
UBS Securities Japan pleaded guilty in December in federal court in Hartford
09/17/2013
White & Case, Norton Rose act on Indonesia's $1.5bn sukuk offering
The firm also acted as the listing agent of the certificates on the Singapore Stock Exchange
09/16/2013
OTC derivative regulations’ impact on Asian hedge funds
Market participants in Asia are keenly aware of the impact that regulation outside the region may have on them