11/25/2012
Revenge of the nerds as banks see risk, compliance hiring boom
Traditionally one of the least glamorous jobs in the sector, these staff are in hot demand at a time when nearly all other parts of the banking industry are getting cut.
Legal, Regulation & Compliance
11/22/2012
BDO Sees Global Revenue Grow in 2012
At year end 2012, BDO provides services in 138 countries and there has been a significant rise in the number of partners and staff working in BDO
11/21/2012
Global law firm joins Korea rush
The firm joins almost 20 other international firms that have also applied or stated their intention to do so.
11/21/2012
Hong Kong property billionaire loses appeal to claw back property he gave to mistress
He did not appeal that finding, he claimed that the judge wrongly focused on the nature of the relationship when he should have concentrated on legal documents
11/20/2012
Be very afraid of Basel III
The impact of Basel III on Thai banking operations is likely to be small, especially compared to the true economic cost that will creep beyond the banking sector in the long run.
11/20/2012
China to move forward with tougher bank rules
"China has promised to anticipate the establishment of the global financial supervision system and adopt the international standards."
11/20/2012
International law firm strengthens Hong Kong office to support spike in US tax and wealth planning
He will focus on international tax, probate, and trust and estate planning, with a particular focus on US persons and property.
11/19/2012
FATCA Model 2 Agreement Released - Withers
Model 2 essentially builds upon the foundation of Model 1 with some significant differences
11/18/2012
Rules to curb tax evasion by foreign investors likely in 10 days
The final rules are expected to be based on the recommendations made by the Shome Committee in its draft report.
11/18/2012
New bank stress test includes Asian slowdown
The Federal Reserve provided the country's 19 biggest banks with its the guidelines for the 2013 stress test
11/15/2012
Linklaters Amsterdam Partner Moving to Sydney with DLA Piper
He primarily advises international investment banks and sponsors on complex cross-border transactions.
11/14/2012
No delay for China's banks on Basel III
"We have recently received a notice from the regulator that from January 1 financial reporting must reflect the new capital rules."
11/14/2012
SFC fines CIC Investor Services for failures
An SFC investigation revealed that CIC failed
11/14/2012
Christie’s sues Chinese rival over similar name
Lawsuit highlights one of the perils Western salerooms face as they expand in the lucrative Chinese market
11/14/2012
Investors Could Lose Millions as NZ Broker Fails
The Wellington-based firm has around 900 clients, according to PWC.
11/13/2012
Macau’s top earners pay world’s lowest taxes: KPMG
Macau has the lowest combined income tax and social security
11/13/2012
Leading finance lawyer to join DLA Piper
He specialises in syndicated finance and (leveraged) acquisition finance
11/12/2012
Potential APAC legal transformational tie-up revealed
The UK firm is pushing to pursue a combination with the Chinese and Australian firm,
11/12/2012
Singapore income tax rate among the world's lowest
In Asia, however, rates remained constant among heavyweights China, Japan and India
11/12/2012
US explores treaty to nail American tax defaulters in India
Enacted in 2010, FATCA aims at checking non-compliance by US taxpayers using foreign accounts