05/20/2022
Nomura to Acquire Stake in Forestry Asset Manager
Under the agreement, Mitsui & Co., Ltd. (Mitsui), which currently owns 22.98% of New Forests shares, will increase its shareholding to 49%.
Legal, Regulation & Compliance
05/19/2022
China Probes Central Banking Head of Monetary Policy
Sun was most recently the head of monetary policy at the People’s Bank of China, where he has been working since 1996.
05/18/2022
Life as an International Chinese is Changing
One of the most evident changes in recent times has been increased control of international education within mainland China.
05/17/2022
CBA takes next step in reimagining banking for customers
Commonwealth Bank (CBA) is continuing its focus on building new and innovative customer experiences.
05/17/2022
US tops financial secrecy ranking as G7 countries upend global progress on transparency
The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention
05/17/2022
Hong Kong Partner Vincent Chan Continues to be Named in the Asian Legal Business Offshore Client Choice List 2022
Corporate Partner Vincent Chan has been named among the top offshore lawyers in Asia by Asian Legal Business for the third year.
05/16/2022
Goldman Agrees to Settle Suit
Settlement funds will be used to boost compliance at bank
05/16/2022
Australia introduces identification number requirement for directors
For all new appointees from 5 April 2022, an application for ID must be submitted prior to the appointment itself.
05/13/2022
Rehma Imrith, IQ-EQ: Mauritius is a connector between Asian private investments and African markets
Mauritius already plays a pivotal role by facilitating impact investments on the continent.
05/13/2022
Linklaters announces two senior leadership appointments in Singapore
As Senior Partner, Melvin will be responsible for deepening the firm’s relationship with its clients and key stakeholders in the region whilst working closely with Jon in his role overseeing the firm’s strategy and vision for Southeast Asia.
05/12/2022
Joint Statement of the 25th ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting
The ASEAN+3 economies have remained steadfast in weathering the challenges posed by the COVID-19 pandemic.
05/12/2022
What a Federal Court ruling on cybersecurity means for AFS licensees
With financial services continuing to move online, this decision highlights the importance of good cybersecurity.
05/11/2022
Human Rights and the Environment – What Asia-based Companies Need to Know about the EU Draft Corporate Sustainability Due Diligence Directive
The Draft Directive provides for director responsibility and accountability in relation to EU companies' HREDD programmes
05/10/2022
EY adds boutique Axiom to Forensics & Integrity Services practice
As part of the deal, nine professionals are joining EY, including Michael Potter and David Mullins – both have been appointed a partner in the Forensics & Integrity Services practice based out of the Sydney office.
05/10/2022
India’s markets regulator probes Axis Asset Management
Axis AMC, which is India’s seventh largest asset manager, is being probed for alleged front-running by two officials.
05/09/2022
Leading law firm for 10 areas in 2 jurisdictions
Benchmark Litigation Asia Pacific is a publication that focuses exclusively on the region’s litigation and dispute market, providing rankings of firms and litigators considered to be of an elite status.
05/05/2022
HSBC Break-Up Proposal
Analysts from Investec and Federated Hermes also highlighted the potential downside, saying HSBC would be less diversified and less connected to international trade.
05/05/2022
Court finds RI Advice failed to adequately manage cybersecurity risks
The orders were made by consent after ASIC and RI Advice agreed to resolve the proceedings.
05/05/2022
Asset management challenges of the fintech era
Reliance on self-certification, with an emphasis on form over substance, may still lead to compliance issues over imprudent know your customer (KYC) standards of financial institutions.
05/04/2022
Lightspeed Finance and director to pay $220,000 for failure to give effect to an AFCA determination
The $220,000 payment ordered by the court includes $20,000 in penalties, $150,000 in compensation and $50,000 for ASIC’s costs.