Managers of Wealth Asia Pacific

ASIC issues civil penalty action against company formerly called Equiti Financial Services

Each advice contained a recommendation to establish an SMSF, purchase a property through the SMSF and borrow funds in order to do so.

Global life insurer admits it helped US citizens hide $1.45bn

Swiss Life Holding AG, Swiss Life (Liechtenstein) AG, Swiss Life (Singapore) Pte. Ltd., and Swiss Life (Luxembourg) S.A. Enter into Deferred Prosecution Agreement for Criminal Misconduct; Agree to Collectively Pay More than $77 Million

Former CFO sentenced for market manipulation and fraud offences

Mr Wu was also sentenced to a Community Corrections Order for a period of two years and six months after pleading guilty to fraud offences.

Macquarie Securities pays $126,000 infringement notice

MSAL were engaged by an ASX-listed company to act as the broker to conduct, on behalf of the company, an on-market buy-back

APRA releases quarterly private health insurance statistics for March 2021

The publications provide industry aggregate summaries of key financial

Restructuring culture needs to change – Hong Kong Court leads the way

The case echoes the recent “scanty in the extreme” restructuring proposal in Lamtex Holdings Limited where a similarly hopeless restructuring proposal led to the application for recognition being flatly refused.

Monetary Authority Announces Countercyclical Capital Buffer Ratio for Hong Kong

“While there have been some initial signs of economic recovery in Hong Kong, we are still in the midst of high uncertainty given the fluid pandemic situation globally.

HKEX Clears First SOFR-HONIA Cross Currency Swaps

HONIA is the alternative reference rate to HIBOR, while SOFR is increasingly being used as the new benchmark in the global derivatives market to replace LIBOR.

Is Asia Ready for the End of LIBOR?

Those who think that doing nothing is an option, or that the pandemic has delayed the need to prepare for the new rates, are making a mistake that could leave them unprepared further down the line.

Conyers Named Best Offshore Law Firm Once Again by China Business Law Journal

Conyers has a wealth of experience in the education sector. In the past five years, the firm has advised over 10 educational institutions on their IPOs and on a number of mergers.

Harneys wins Best Offshore Law Firm among five 2021 China Business Law Awards

The China Business Law Journal Awards are presented annually and are based on hundreds of nominations from in-house counsel, corporate executives and legal professionals, in addition to research conducted by its editorial team.

Hong Kong offers HK$1 million incentive to jump-start open-ended funds

Scheme seeks to boost city’s position as investment gateway to China’s GBA

Huarong risks could delay stimulus exit by China's central bank

The central bank has not commented directly about Huarong but in its quarterly report released on Tuesday, the PBOC alluded to financial risks while also downplaying inflation worries, suggesting its policy stance will remain neutral for now.

Conyers Wins Finance Deal of the Year: Acquisitions at The Asia Legal Awards 2021

The Asia Legal Awards honour the year’s most complex and outstanding legal work in the region, and the lawyers and firms that excelled in Asia’s most competitive and promising practice areas.

Global equity capital markets: regional perspectives and outlook for 2021

There was an increased number of US and Chinese companies seeking listings, and IPO activity was dominated by the technology, e-commerce and healthcare industries.

ASIC takes Court action to wind-up PE Capital Funds Management Ltd and managed investment schemes

ASIC's investigation is continuing.

ASIC warns against fake news articles promoting investment scams

Scammers then follow up by contacting the person making the enquiry, promising an investment with unrealistically high returns.

ASIC disqualifies director from managing companies for engaging in illegal phoenix activity

The six failed companies owed unsecured creditors a total of $2,846,336, including $1,336,538 owed to the Australian Taxation Office.

Enforcement and recognition of orders between Hong Kong and the Mainland

This Bill provides for the registration of specified orders made in the Mainland to be registered in the Hong Kong courts.

Citibank Taiwan, DBS Bank Taiwan hit for AML failings

Citibank Taiwan should have known the backgrounds of the one-person companies, but it did not — it had only labeled them as low or medium-risk clients, the commission said.

Legal, Regulation & Compliance