Managers of Wealth Asia Pacific

US removes sanctions from two Myanmar banks

"The Treasury Department looks forward to collaborating with the Government of Burma."

Former FRA executives found guilty over tax free mutual fund structure

They were accused of allowing a unit of the US investment bank Lehman Brothers, the winner of a public auction, to use a tax-free mutual fund to purchase distressed assets.

Thomson Reuters to Host Third Pan-Asian Regulatory Summit in Hong Kong

Summit to be held on 27-28 November, 2012

ANZ named in RBA bribery hearing

Ms Masamune claims Colonel Ahn had in turn employed the son of the then governor of Vietnam’s state-owned bank to help set up ANZ’s ATM technology in Vietnam.

Cleary, Linklaters, McDermott and Paul Hastings prepare for Seoul launches

The three US firms have received a foreign legal consultant office certificate and will file for registration with the Korean Bar Association to finalise the new office launch.

SJ Berwin sends Paris founder to head Hong Kong office

He founded SJ Berwin’s Paris office in 2001 and served as Paris managing partner until May this year.

Slaughter and May mulls launch of US practice in Hong Kong

Slaughter and May is considering whether to add US law capability to its Hong Kong base by hiring US-qualified lawyers as part of its regular strategy review.

Broking platform slapped with $50,000 fine

Regulator forces bank to pay

Lehman's Australian unit told to repay towns

Grange Securities, which was bought by Lehman, invested the towns’ money in securities whose value collapsed.

Ex-Morgan Stanley MD Hong Kong Insider-Trading Conviction Upheld

Du’s offenses occurred while he was a part of a team of Morgan Stanley bankers advising Citic Resources on acquiring oil-field assets in China, the commission said.

Hong Kong Acts To Manage QE3 Dollar Inflows

Territory’s Administration Seeks To Cool Overheated Real Estate Market

Bankers accuse former boss of deceptive conduct

THE former chief executive of St George Bank, Paul Fegan, has appeared in Federal Court to answer claims he engaged in misleading and deceptive conduct while head of the bank in 2008, in the lead-up to the bank's merger with Westpac.

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

PwC buys Asia-Pacific Risk Management for undisclosed sum

"To transfer our intellectual property and grow our business from the New Zealand testing-bed to companies in Australia and Asia, we concluded we needed a major advisory name behind us to open the doors," Mr Kerr says.

HKMA implements property safeguards

The measures take immediate effect.

Clifford Chance's Hyde to lead Asia Pac finance team

Hyde will relocate to Hong Kong next year for a four-year term in the role. He replaces Huw Jenkins, who has led the firm’s Asia Pacific finance team since 2001.

Malaysia tightens grip on foreign law firms

Malaysia has amended its Legal Professional Act in a move that some believe will become a double-edged sword on foreign legal practices operating in the country.

Dechert set for China growth after being granted Shanghai licence

Dechert is set for growth in China after the firm secured a licence to launch a Shanghai base, which will be the firm’s third location in Asia.

Australia's Financial Sector Faces Tough New Crisis Rules

In the case of local branches of foreign banks, that could also include ensuring assets aren't siphoned out of Australia "to the detriment of depositors and other creditors" in the event of problems elsewhere.

Vietnam has no perfect legal framework for bank M&A

In many cases, the shareholders of banks do not know who are the real owners of the banks, even though banks all are public companies as stipulated by the laws. It is because the banks have changed hands many times.

Legal, Regulation & Compliance