02/24/2013
Hong Kong Unveils New Round of Property Curbs
Hong Kong's government on Friday announced a fresh round of property-market cooling measures
Legal, Regulation & Compliance
02/24/2013
Philippines tightens noose on tax evaders
BIR commissioner Kim Henares emphasized the need for more effective exchange of tax information
02/21/2013
HK lawyers in demand as global firms fight for Chinese speakers
The increase took the average percentage of Mandarin speakers employed by the 16 responding law firms to 60% of their total Hong Kong lawyer count.
02/20/2013
Indian firms expect new wealth tax in budget
Chief executive officers, chief financial officers and other executives from more than 300 companies participated in the survey.
02/20/2013
Award-winning law firm opens third Asia office after gaining Beijing licence
The new office, the firm’s first presence in mainland China and third in Asia, will be operational from May
02/18/2013
FSB publishes peer review on risk governance
"The report sets out recommendations that will help supervisors everywhere raise the bar on their expectations for risk governance so that firms’ practices continue to improve through changing environments.”
02/18/2013
Four International law firms win Singapore law licenses
International law firms have expanded in Asia citing a shift in global business activity to the region.
02/17/2013
Asia Lying in Wait to Capture Potential HFT Fallout From MiFID II
The measures, if enacted, could seriously impede many HFT strategies
02/17/2013
G20 ‘determined’ to address tax evasion by multinational companies
“We are determined to develop measures to address base erosion and profit shifting.”
02/17/2013
Tax incentives for corporate bonds on cards
Interest on corporate bonds tax-free was also being considered.
02/12/2013
OECD urges stronger international co-operation on corporate tax
Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.
02/07/2013
SC takes enforcement action against RBTR and seven other individuals
The civil action was filed in the Kuala Lumpur High Court on 23 January 2013.
02/07/2013
A&O, Ashurst and Bakers pick up places on panel for Australia's AMP
The assessment and selection process, started in the second half of 2012, was let by AMP group’s general counsel Brian Salter.
02/06/2013
Partner exodus continues at Linklaters' Aussie ally
Two more partners have left Linklaters’ Australian ally Allens to join rival firms in Sydney and Singapore.
02/06/2013
SE Asia central banks seek overhaul of FX forward rates from Singapore
The discussions show heightening concerns at central banks in Indonesia and Malaysia over Singapore's market for non-deliverable currency forwards (NDFs), which they say has undermined foreign exchange controls.
02/06/2013
Sebi extends subscription period for RGESS schemes
It has been extended from five days to 15 days from the closure of the initial subscription.
02/06/2013
Merrill wins dismissal of CDO lawsuit by South Korea's Woori
A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K
02/06/2013
HKMA's announcement on measures to strengthen HIBOR fixing mechanism
The HKMA decided to accept the proposals from the HKAB and the TMA, and requested them to take forward the following enhancement measures in six months' time:
02/05/2013
Libor scandal in Europe rattles traders in Mumbai
"This issue about legacy contracts is a problem that needs to be sorted out. Else, there could be legal problems later."
02/05/2013
HK regulator bans ex-Merrill Lynch Asia employee
The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.