09/19/2025
Joint press release by SPF, MAS, IMDA and GovTech on restricting access to facilities for scam mules
The scams situation continues to be of serious concern.
Legal, Regulation & Compliance
09/19/2025
Hong Kong eases info-sharing in banks’ anti-fraud push
The changes let banks share more information without fear of liability.
09/18/2025
SFC welcomes Chief Executive’s initiatives to reinforce Hong Kong as top financial centre
Plans to bring renminbi counters and real estate investment trusts into Stock Connect are also set to deepen the city’s connectivity with Mainland markets.
09/17/2025
Singapore couple sues ex-Julius Baer RM for share sale losses
Fiona Lee and her husband sue their former relationship manager for negligence in monitoring investments, alleging missed trading opportunities caused losses.
09/16/2025
FSTB and InvestHK jointly attract over 200 family offices to Hong Kong and achieve early completion of KPI
Subsequently, the FSTB published in March 2023 a policy statement to demonstrate the Government's commitment to enhancing the ecosystem for family offices and asset owners.
09/16/2025
Harneys wins Offshore Firm of the Year at the 2025 ALB Hong Kong Law Awards
The Asia team has also picked up many deals of the year and practice-specific awards.
09/12/2025
HKMC and CICC Sign MoU on Co-operation of Infrastructure Financing and Securitisation
A partnership with CICC is expected to assist in taking our business to the next level, enabling both sides to further pursue a common goal in promoting Hong Kong as an infrastructure financing hub.”
09/12/2025
ASIC proposes to remake relief instrument for non-cash payment facility exemptions
ASIC has assessed that this instrument is operating effectively and efficiently and continues to form a necessary and useful part of the legislative framework.
09/12/2025
APRA releases quarterly authorised deposit-taking institution statistics for June 2025
The Quarterly ADI Performance publication contains information on ADIs’ financial performance, financial position, capital adequacy, asset quality, liquidity and key financial performance ratios.
09/09/2025
APRA monitors Eric Insurance’s exit from the general insurance market
APRA is closely monitoring Eric’s withdrawal from the insurance industry to achieve the most favourable outcome for policyholders.
09/09/2025
James Mawhinney handed 15-year injunctions in ASIC proceedings
This is the culmination of a matter that has taken many years and considerable resources.
09/04/2025
Scam alert related to banks
Anyone who has provided his or her personal information
09/04/2025
SFC obtains disqualification orders of up to four years against five more former directors of Superb Summit International Group Limited
Under the orders, Chan was disqualified for four years, Law and Cheng each for three and a half years, Qiu for three years, and Li for two and a half years.
09/03/2025
Societe Generale Securities Australia fined $3.88 million for market gatekeeper failures
Manipulation of the daily settlement price of electricity and wheat futures contracts has the potential to impact supplier funding costs, and in turn electricity and wheat prices for consumers.
08/22/2025
Four Carey Olsen partners named among top offshore litigators in Asia
The list identifies exceptional litigation practitioners who have demonstrated outstanding expertise when handling complex cross-border disputes in Asia.
08/21/2025
Hong Kong and Australian courts recognise principles of segregation in Cayman SPCs
The Hong Kong High Court expressly confirmed the validity of ring-fencing of assets in different SPs in an SPC structure.
08/15/2025
Joint Statement by the HKMA and the SFC on Stablecoin-related Market Movements
Some of these claims have also mentioned recent engagements with financial regulatory authorities in Hong Kong.
08/14/2025
Terraform Labs' Do Kwon Pleads Guilty to US Charges
Kwon originally faced nine charges under the indictment and his sentencing is scheduled for December 11.
08/14/2025
NAB and AFSH penalised $15.5 million for failing customers facing financial hardship
As a result, those consumers remained unaware of the outcome of their hardship applications.
08/13/2025
ASIC takes action against a further 28 SMSF auditors in FY25
ASIC regulates the conduct of SMSF auditors and will continue to act where conduct falls short.