07/05/2022
Magellan updates High Conviction Trust
The trust had also increased the number of companies it could hold from 12 to 20.
Legal, Regulation & Compliance
07/05/2022
Carey Olsen advises Morningstar in purchase of Praemium's UK and international business
The deal, first announced in December last year, has now completed after gaining the necessary regulatory approvals and sees Morningstar acquire 100% of Praemium's operations in the United Kingdom, Jersey, Hong Kong SAR and Dubai.
07/04/2022
Five reach partner level at Baker McKenzie
Two of the partners were named to their new positions while on parental leave
07/04/2022
APRA revokes Citigroup Pty Limited's banking licence following NAB acquisition
This determination follows the acquisition of CPL’s consumer banking business by National Australia Bank Limited (NAB) in June 2022
07/04/2022
Package of super changes for younger and older Australians set to take effect from 1 July
Super and retirement
07/01/2022
ASIC to communicate negative audit review findings to directors
ASIC Regulatory Guide 260 Communicating findings from audit files to directors, audit committees or senior managers (RG 260) has been updated to reflect these changes.
06/30/2022
Withers wins Law.com International Law Firm of the Year award at Asia Legal Awards
Law.com noted the firm’s continued expansion and development of new practice areas and for being a well-rounded law firm across multiple areas.
06/28/2022
Bank of Japan policymakers saw need to keep ultra-easy policy: June meeting summary
At the June 16-17 meeting, the BOJ maintained ultra-low interest rates and vowed to defend its cap on bond yields with unlimited buying
06/27/2022
China approves ICBC-Goldman joint venture to start offering wealth services
ICBC will "push forward" the joint venture to execute all the relevant procedure "in strict compliance with laws
06/24/2022
ASIC warns super trustees to be transparent in their underperformance communications to members
The review found that trustees whose products failed generally complied with the legal obligations to notify their members of the failed test and to disclose the failed test on their website.
06/23/2022
Advice firm unveils portfolio management service
It will feature a mix of active and passive funds
06/23/2022
ASIC calls for better disclosure of business risks and asset values following financial reports review
Making inquiries of individual entities does not necessarily lead to material restatements in every case.
06/23/2022
SFC publishes Annual Report 2021-22
Combating investment fraud and scams on online platforms remained an SFC enforcement priority.
06/22/2022
Morgan Stanley Advisor Wins Right to Keep 1MDB-Linked Condo
The Walker Tower board said that its bylaws gave it the right to first refusal to any condo sale in the building and also claims that the sale was made at a deep 64 percent discount.
06/20/2022
MAS and SFA invite entries for 2022 FinTech Awards
The Awards, supported by PwC Singapore, seek to recognise innovative FinTech solutions by FinTech companies, financial institutions, technology companies
06/17/2022
China Business Law Journal names Harneys "Best Offshore Law Firm"
These awards really reflect the incredible teamwork, client focus and positive attitude of our people in China, who continue to deliver despite the challenges posed.
06/17/2022
Stephenson Harwood named winner of seven categories at China Business Law Awards
The annual China Business Law awards recognise the best Chinese and international law firms in Greater China.
06/16/2022
APRA finalises its macroprudential policy framework
APRA has a broad range of macroprudential measures that can be used to reduce financial stability risks.
06/16/2022
Allianz and AWP plead guilty to charges for making false statements about travel insurance
The pleas were lodged before the Downing Centre Local Court in Sydney on 14 June 2022.
06/16/2022
10 Walkers' Lawyers Recognised in Asia Business Law Journal's Top 50 Offshore Lawyers 2022
Notably, Ingrid, Caroline and Denise were acknowledged as “Ceiling smashers”, forming part of a group of eight female lawyers who have “[broken] down barriers in a sector heavily dominated by men”.