Managers of Wealth Asia Pacific

Credit Suisse and IAG in Court Over Greensill

The insurer has denied liability, saying it sold its share of the unit in 2019, two years before Greensill collapsed.

ASIC applies to appoint provisional liquidators to Ascent Investment and Coaching Pty Ltd

ASIC’s investigation of Ascent is continuing.

Over 1.2 million customers affected by Hong Kong data breaches

Whilst third party forensic experts can help to investigate the incident, lawyers are also required to manage the consequences faced by companies as a result of the non-compliance with the applicable data protection legislation.

ASIC streamlines process for insurers

The relief is subject to conditions and will expire in 2025. ASIC will review the operation and appropriateness of the instrument before it expires.

Korean asset managers start suspending Russian funds

Following Hanwha’s footsteps, Shinhan Asset Management decided to freeze assets of four of its Russia-exposed funds, following an emergency meeting held Wednesday.

UK and New Zealand sign free trade deal

Government claims it will boost bilateral trade by 60% but critics call its benefits ‘economically marginal’

The ACSC encourages Australian organisations to urgently adopt an enhanced cyber security position

As a matter of priority, all ASIC-regulated entities should adopt an enhanced cyber security posture.

APRA releases superannuation statistics for December 2021

Superannuation assets totalled $3.5 trillion at the end of the December 2021.

ASIC consults on Financial Services and Credit Panel regulatory guidance

ASIC encourages comments from industry and other interested stakeholders on its proposed approach to setting principles and processes relating to the FSCP.

Singapore to Join «Like-Minded Countries» on Russia Sanctions

Singapore intends to act in concert with many other like-minded countries to impose appropriate sanctions and restrictions against Russia

Ex-Malaysian PM Razak’s daughter confirms ex-Goldman banker’s role in TPG job

Nooryana Najwa Najib said the executive ‘introduced’ her to the private equity group.

Sheikh needed US$100 million to ‘get out of bed’, Leissner says

Sheikh Mansour hasn’t been accused of wrongdoing by the US.

Enhancements to the SME Financing Guarantee Scheme

The HKMCI will follow up on the implementation details with the lending institutions and strive to roll out the above measures in around one and a half months.

CommBank partners with customers to end financial abuse

New research reveals financial abuse cost victims $5.7 billion and the economy $5.2 billion.

Ex-Goldman Sachs banker’s 1MDB trial to be paused on new evidence disclosure

Prosecutors reveal ‘inexcusable’ omission of 15,500 documents in second week of Roger Ng’s case

Heliconia Chairman Lim on Leave After Arrest

None of the directors were charged with an offense and they can still travel outside Singapore if they first obtain clearance.

Ex-Citic Bank Boss Pleads Guilty to Bribery Charges

Sun also came under investigation in the same month, seven months after he resigned from the top role at Citic Bank.

Hong Kong SAR Employment Law Update – What’s on the Horizon

This alert seeks to provide a quick bullet-point summary of the proposed changes, which are likely to have an impact on employment costs going forward.

Former OCBC rep slapped with five-year prohibition order by MAS for fraud and dishonesty

The PO was issued against her in view of her conviction.

Offshore SPACs: Will Asia be next to witness the boom?

The recent revisions to the Hong Kong Main Board Listing Rules introducing the SPAC regime is an incredibly positive step forward in addressing the competitive disadvantage Hong Kong faced in attracting SPAC sponsors to the market, particularly from the d

Legal, Regulation & Compliance