09/08/2022
Managed funds amend their marketing following ASIC surveillance
‘In conveying our concerns to these responsible entities and trustees, we have secured timely and voluntary amendments to the funds’ marketing materials,’
Legal, Regulation & Compliance
09/08/2022
Interpol Red Notice Issued for Wirecard Fraud Suspect
Other charges issued include the alleged abetting of Yeo to falsify invoices totalling S$$184,870 from his firm Jacobson Fareast Marketing Services (JFMS) to WAH against Wardhana and Yeo himself.
09/08/2022
Philippine central bank head open to more rate hikes in 2022
The currency’s fall was mainly due to widening current account deficit amid more costly imports, Medalla said at the live-streamed economic briefing.
09/07/2022
BOJ boosts bond buying as yields advance towards policy limit
“The increased amount is so small to raise doubt about its effectiveness but it does confirm the BOJ’s stance of capping 10-year yield at 0.25 per cent,”
09/07/2022
ABN AMRO Clearing Sydney Pty Ltd pays $222,000 infringement notice
The MDP considered that ABN AMRO’s conduct was careless.
09/06/2022
Launch of Singapore Fund Directors Association's Code of Conduct for Fund Directors
SFDA's Fund Directors Certification, which is now available to both SFDA members and non-members, incorporates the key principles of the Code of Conduct in its curriculum.
09/06/2022
Credit Suisse court spat with billionaire kicks off in Singapore
The dispute with Ivanishvili adds to the problems the newly appointed chief executive officer Ulrich Koerner and chairman Axel Lehmann are keen to resolve as the bank reels from reputational hits in the last 2 years.
09/05/2022
Credit Suisse chief Ulrich Körner faces early test in $800mn Singapore trial
Georgia’s former prime minister Bidzina Ivanishvili has already won $608mn in related case
09/05/2022
Appleby’s Hong Kong Office Advises Swang Chai Chuan Limited
The Swang Chai Chuan Group is an established distributor of food and beverage and other products for recognised international and domestic third-party brands, and under its own brands in Peninsular Malaysia.
09/02/2022
Carey Olsen advises lenders on financing backing the successful bid by ESR Group Limited in joint venture to fund Hong Kong SAR logistics facility
The Carey Olsen team representing the club of lenders comprised corporate and finance partner James Webb, counsel Dan Moore, and associate Calvin Lee.
09/01/2022
Hong Kong guide aids data transfers risk management
In many jurisdictions around the world, businesses face strict rules governing the cross-border transfer of personal data.
09/01/2022
China Arrests Hundreds in Rural Banking Scandal
Regulators have been offering repayments to depositors since mid-April beginning with accounts that have smaller amounts before gradually moving to larger accounts.
08/31/2022
Alibaba Selected for US Audit Inspection
Alibaba’s accounting firm PwC has also been informed of the audit inspection.
08/31/2022
Islamic banking to continue seeing growth in South-east Asia
Players in the Islamic financial services industry have drawn similarities between the values of Islamic financing and recent sustainability trends.
08/31/2022
ASIC warns brokers considering high-risk offers to retail investors
To broaden their revenue base, some brokers are seeking to offer retail investors high-risk products or services that may be unfair, inappropriate or result in poor outcomes.
08/30/2022
Appleby’s Hong Kong Office Advises Burke Porter Group on its sale by CEL Global to AEA Investors
It has an extensive history of partnering with leading companies in the industrial technology and automation industries to achieve growth and operational improvements.
08/30/2022
APRA grants Vanguard superannuation licence
Harnessing the wider Vanguard group’s global investment expertise and more than 25 years’ experience serving Australians
08/26/2022
Beijing Nears Deal to Allow US Audit Inspection
The China Securities Regulatory Commission recently informed some accounting firms and companies about the plan with the possibility of US inspectors arriving in Hong Kong as early as next month.
08/25/2022
Conyers Shortlisted for ALB Hong Kong Law Awards 2022
His recent mandate includes HUTCHMED’s IPO which is also shortlisted in the ALB awards this year.
08/25/2022
Singapore Authorities Take Actions Against Noble Group Limited and Former Directors of Noble Resources International Pte Ltd
MAS has imposed a civil penalty of $12.6 million on NGL for publishing misleading information in its financial statements, in breach of section 199(b)(ii) of the Securities and Futures Act (SFA).