09/09/2021
Ex-manager of HKDC charged as graft probe reveals $390,000 contract fraud
The ICAC investigation arose from a corruption complaint.
Legal, Regulation & Compliance
09/09/2021
China's new personal information protection law setting new grounds
Unlike the Cybersecurity Law and Civil Code which focus on the data subject’s consent for PI handling, the PIPL authorizes the handling of PI in the absence of an individual’s consent
09/08/2021
China to tighten regulation over wealth management units to prevent contagion risks
The rules will help urge companies to enhance liquidity management of WMPs and better prevent risks from spreading across the markets and products, CBIRC said.
09/08/2021
Robust Corporate Governance for Hong Kong's New Limited Partnership Fund Regime
Our fiduciary services to investment funds in Asia include the provision of experienced directors to act on the board of the general partner to a partnership
09/07/2021
Thailand regulator suspends Huobi, a digital asset exchange founded in China
“Huobi can't fix it. It is a system that is important to business operations, such as a trading system, a customer asset retention system, and information technology systems,”
09/07/2021
ASIC publishes guidance on breach reporting
ASIC has also responded to industry feedback by incorporating some 15 more working examples in the guidance.
09/07/2021
Allianz Australia Insurance and AWP Australia ordered to pay penalties of $1.5 million for misleading sale of travel insurance on Expedia websites
The Court acknowledged Allianz and AWP’s efforts to make early admissions of liability and took this, and other relevant considerations, into account in determining penalty.
09/07/2021
Appleby’s Hong Kong Office Shortlisted for “Best Offshore Law Firm” at the HFM asia service Awards 2021
Appleby has a well-established global investment funds practice with a strong reputation in Hong Kong advising on various specialist fund structures and particularly on Cayman Islands funds.
09/06/2021
Companies and director charged with failing to comply with ASIC notices
The matter has been adjourned to 5 October 2021.
09/03/2021
A Primer on Real Estate Investment Trusts, Business Trusts and Stapled Trusts in Singapore
The property manager manages and maintains the properties of the REIT in return for a property management fee
09/02/2021
Hong Kong Develops System to Prevent Archegos Repeat
Earlier this year, Wall Street experience one of the most spectacular collapses from up to $50 billion of highly leveraged bets from Archegos
09/02/2021
Two financial advisers banned for giving 'false information' to Singapore regulator
During the inspection, MAS asked whether certain background checks had been conducted on individuals and entities related to the company.
09/02/2021
SGX to Ease Rules for SPAC Listings
The latest report of looser listings rules follows market feedback that some of SGX’s earlier proposals were too strict.
09/02/2021
Chinese State Firms to Take Stakes in Ant's Credit Scoring JV
The proposed credit scoring joint venture will collect, manage and analyze consumer data to score people's credit.
09/02/2021
BIS to test international settlements for digital currencies with central banks
The project will work with multiple partners to develop technical prototypes on different distributed ledger technology platforms.
09/02/2021
Singapore Exchange allows SPACs to be listed on the mainboard
The new rules will take effect on 3 September 2021.
09/01/2021
The new PRC Personal Information Protection Law – Are global organizations ready for the changes (from an employment perspective)?
The PIPL has a territorial reach that is similar to the EU’s General Data Protection Regulation (GDPR) in that it applies to both operations in China
09/01/2021
Global watchdog urges Japan to boost fight against money-laundering
Authorities in Japan have a good understanding of the money laundering and terrorist financing risks they face and have been at the forefront of AML/CFT measures in areas that present major risks for the country.
09/01/2021
Xfers & SEBA Bank Named Finalists for Global CBDC Challenge organised by the Monetary Authority of Singapore
The joint proposal submitted by Xfers and SEBA Bank was shortlisted from over 300 applications representing over 50 countries and will be presented to the public and a panel of judges at the Singapore Fintech Festival on 08 November 2021.
09/01/2021
Dawning of a New Era: China’s Personal Information Protection Law
Data controllers remain responsible for supervising the entities to whom they have entrusted the processing of personal information (i.e. the equivalent of a data processor under the GDPR) (data processor).