Managers of Wealth Asia Pacific

SFC obtains court order to disqualify former executive director of Anxin-China Holdings Limited for eight years

The SFC’s proceedings against other former senior management of Anxin are ongoing.

C v D – Hong Kong court rules on compliance with pre-arbitration procedural requirements

"Tiered" dispute resolution clauses of this nature can give rise to disputes as to extent of the obligations involved and whether there has been compliance.

Norton Rose Fulbright advises on listing of BetterLife Holding Limited on HKSE

BetterLife Holding Limited provides dealership and maintenance services in the automobile industry, selling luxury and high-end automobile brands and associated after sales services, including repair, maintenance, insurance and private purchase financing.

Washington Readies New Business Warning for Hong Kong

This will mark the first time the U.S. has issued a business advisory about Hong Kong.

ASIC obtains orders against Alliance Insurance Broking Services

The defendants consented to the interim asset freezing orders, which allowed AIBS to otherwise continue its ordinary business.

Hong Kong Court of Appeal Makes Compensation Order of HK$622 Million Plus Interest Against Former Directors of Egana

The SFC initiated the case against David Wong Wai Kwong, Peter Lee Ka Yue and Tony Chik Ho Yin (Directors) in 2011 pursuant to section 214 of the Securities and Futures Ordinance

Malaysia, 1MDB seeking more than $5.6b in damages from KPMG partners

"All allegations as reported in the news are refuted and the claim will be vigorously contested,

Allens advises Morgan Stanley Infrastructure Partners on $3.3bn PEXA IPO

PEXA has seen remarkable growth under MSIP ownership and the successful float underscores the continued investor appetite for high quality digital infrastructure assets in Australia.

Tool created to help accountants find SMSF auditors

This could lead to as many as 40% of SMSFs searching for a new auditor, estimated to be around 200,000.

ASIC secures $35 million remediation for OnePath Life customers

At the time of the sales calls, OnePath was owned by ANZ bank, albeit operating as a separate business.

Linklaters advises Ngern Tid Lor Public Company Limited

The transaction represents the largest IPO in the finance and securities sector and consumer finance sector in Thailand.

KWM advises on the privatisation financing for China Customer Relations Centers, Inc.

CCRC is a leading e-commerce and financial services business process outsourcing service provider in China.

Appleby Hong Kong Partner David Bulley once again named as “Corporate Finance Lawyer of the Year"

He is also global co-head of SPACs with a focus on Asia Sponsored SPACs in excess of USD250m and de-SPAC transactions.

PBoC: Ant Group Not Singled Out

Fan also added that actions taken against Ant could also apply to other payment platforms engaging in malpractice.

Rate of adviser exits to prolong

“We will need some time to digest all of this news as to how it would affect the number of advisers post the initial need to pass the exam of 1 January, 2022,”

ASIC consults on guidance and relief for litigation funding schemes

Submissions to CP 345 are due on 20 August 2021.

Envy nickel trading boss alarmed some banks in Singapore long before his arrest

The previously unreported timeline raises fresh questions about how Ng could have maintained an alleged $1.46 billion fraud for so long.

Ashurst advises Sojitz on its investment in the high-growth tech and new-material field in Singapore

Earlier this year, Ashurst has also represented Sojitz on its strategic investment in a leading primary healthcare and wellness services provider in Asia Pacific.

ASIC and Dixon Advisory enter conditional agreement to resolve ASIC civil penalty action

ASIC will provide further comment after the matter has been determined by the Court.

Canadian Securities Regulators Sign Innovative Functions Co-Operation Agreement with The Securities and Futures Commission of Hong Kong

The agreement extends the work of the CSA Regulatory Sandbox Initiative and of the SFC Fintech Contact Point.

Legal, Regulation & Compliance