08/29/2013
ED investigates bullion king
Bullion king Prithviraj Kothari is apparently working as a facilitator for Financial Technologies group which is promoted by National Spot Exchange Ltd.
Legal, Regulation & Compliance
08/28/2013
Ex-K&L Gates Hong Kong partner sentenced to 12 years for fraud
The court heard that between 2007 and 2011, Aggarwal arranged for HK$8.4bn to be transferred from two clients Hui Kau-mo and Mark Lightbrown, and 92 potential investors, into the firm's client ledger account of RIM China.
08/27/2013
World's top banks on track to meet tougher capital rules
The rules, known as Basel III, are the main global response to undercapitalized banks
08/27/2013
Bakers unveils record results for 2012/13 with revenue topping $2.4bn
The chairman of Bakers’ executive committee Eduardo Leite said revenue growth had been steady across all of the firm’s regions, while the positive financial results reflected both organic growth and expansion into new offices in Casablanca, Li
08/27/2013
Maybank Kim Eng to work with Vietnam’s market regulator
He signed a three-year cooperation and technical support framework agreement with SCC
08/22/2013
Government orders probe on 125 companies for defrauding investors
The ministry has ordered investigation into the affairs of 125 such firms
08/22/2013
RBI Imposes Fine on Six Banks
The Reserve of India imposed penalties in the range of 5 million rupees to 20 million rupees on six Indian banks for violation of client identification rules.
08/22/2013
Bank Indonesia updates regulation on single presence policy
On December 26 2012 Bank Indonesia issued the Regulation on Single Ownership in Indonesian Banks
08/20/2013
JPMorgan hires New York law firm to help in hiring probe
The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.
08/20/2013
Top private client lawyers set for first Hong Kong Private Client Forum
Asia's leading private client lawyers are set to gather at The Mira Hong Kong Hotel next month to debate the challenges facing Greater China's high net worth community at Legal Week's inaugural Hong Kong Private Client Forum.
08/19/2013
Malaysia finalises AIFMD agreement
While Asian asset managers may be put off targeting European investors, due to AIFMD restrictions on non-EU-domiciled funds, the move should help facilitate such distribution for those that wish to sell products into Europe.
08/18/2013
Orrick expands corporate practice in Tokyo
Johnson is the second partner to join Orrick’s Tokyo office this year
08/18/2013
Nerine welcomes new Hong Kong trust law
The result is that new non-charitable trusts - such as private trusts for wealth and estate planning - are no longer limited in duration
08/17/2013
JPMorgan probed over China hiring: report
The Times reported on its website, citing a confidential United States government document, that a bribery investigation had been opened to study the allegations.
08/16/2013
China wealth management products mar insurers as Fanxin boss flees
Wealth management products have started to take their toll on the mainland's insurance sector.
08/14/2013
Sidley to triple size of Singapore base as firm eyes 50 lawyers in three years
Singapore has become an increasingly competitive market in the last year as high numbers of firms have flocked to open offices there.
08/13/2013
Vinson China co-head to relocate to Hong Kong in wake of Shanghai exit
Vinson & Elkins China co-head David Blumental is relocating to Hong Kong with a team of associates following the firm's decision to close in Shanghai.
08/13/2013
DLA Singapore exits continue with former managing partner set to exit
His move will mark the third senior exit from DLA's Singapore office in the last year, following the departures of Glynn's predecessor as Singapore managing partner, Martin David, and disputes partner Justyn Jagger.
08/12/2013
Singapore's banking system able to withstand adverse scenarios
Singapore's banking system is found to be sound and able to withstand adverse scenarios after a stress test exercise
08/11/2013
After tip-off from FSA, UBS accounts linked to Indian businessmen under Sebi scanner
India's capital markets regulator, Securities and Exchange Board of India is conducting a wide-ranging investigation into the use of funds parked in undisclosed overseas bank accounts