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Legal, Regulation & Compliance

04/30/2021

KWM continues to advise on privatisation financings for Chinese companies listed overseas

King & Wood Mallesons has maintained strong momentum in this space and has been actively advising on take private financings for listed companies and trust funds across the PRC, Hong Kong SAR and the US markets.

04/30/2021

Former Australian Unity financial adviser banned for five years

ASIC also found that Mr Chan prioritised his company receiving commissions over the interests of his clients.

04/30/2021

ASIC allows certain AFS licensees to use lease assets to satisfy their licence financial requirements

The changes were made following industry feedback on the proposals in Consultation Paper 336 Financial requirements: Treatment of lease assets (CP 336).

04/29/2021

Singapore central bank partners private sector to grow S$4 trillion asset management industry

The SFIG comprises four working groups: infrastructure and innovation; policy; capabilities and training; and promotion and advocacy.

04/29/2021

Appleby Advise Kwong Luen Engineering Holdings Limited on its HKD135 Million Listing on the Main Board of the Hong Kong Stock Exchange

The Appleby team was led by Partner Judy Lee and Legal Manager Minnie Choi.

04/29/2021

Hong Kong Initial Public Offerings – An Issuer’s Guide

The legal and compliance obligations imposed on a public company and its ongoing compliance challenges need to be fully understood.

04/27/2021

ACAMS 12th Annual AML & Anti-Financial Crime Conference - APAC

Three years on, I think we can all agree that the potential of each of these has been clearly demonstrated.

04/27/2021

Jack Ma's Ant plans interest-free loans to lift staff morale

The options, known as Share Economic Rights (SERs)with each representing 5.53 shares, will be priced at 195 yuan (S$39.88) or 35.26 yuan a share, in line with an internal buyback price from 2018, the people said.

04/26/2021

Taiwan regulator fines firms in BLF scandal, orders investment heads sacked

The scandal came to light in February when the Taipei District Prosecutors’ Office arrested and charged Yu Nai-wen, former head of the BLF’s domestic investment division, for violating Taiwan’s anti-corruption law.

04/26/2021

Philippine central bank says to continue supporting economy amid pandemic

The Philippine economy slumped a record 9.6 per cent in 2020

04/26/2021

RBI Lifts Bank Dividend Ban, Subject to New Limit

The restriction was aimed and ensuring banks conserve capital to retain their capacity to support the economy and absorb losses amid the uncertain environment at the time.

04/22/2021

Taiwan to set disclosure rules for ESG funds

Taiwan’s financial regulator may follow the disclosure rules set by Hong Kong’s Securities and Futures Commission.

04/22/2021

ASEAN Blockchain Consortium Formed to Collaborate on Digital Assets and Enterprise Blockchain, Strengthening Cross-Border Relationship

Memorandum of Understanding inked at virtual event organised by Blockchain Association Singapore

04/22/2021

Mirae Asset Sues Shinhan Over Lime Fund Losses

Shinhan has 20 days to decide whether to accept the recommendation.

04/21/2021

Japan Registers First Foreign Firm Through Dedicated ‘Entry Office’

The new office was established in January to serve as a single point of contact for foreign financial firms looking to set up operations in Japan.

04/21/2021

Japan Sets End Date for New JPY LIBOR Interest Rate Swaps

New quoting conventions for the JPY interest rate swaps market based on TONA

04/21/2021

Man jailed 12 years for role in S$2.5 million scam that targeted high net-worth individuals

The court heard that in Singapore, Wei was a frequent patron of the casinos at Marina Bay Sands and Resort World Sentosa where he gambled away most of his share of criminal proceeds.

04/21/2021

AAT dismisses challenge to ASIC’s banning of Rodney Charles Carter

In July 2017, ASIC disqualified Mr Carter from managing corporations for four years to 30 July 2021.

04/21/2021

ASIC only allowed to ban advisers under new disciplinary regime

The minister of the day would determine the people eligible to be appointed to an FSCP.

04/21/2021

Hong Kong proposes new rules enhancing deductibility of foreign tax

Under those circumstances, the taxpayer needed to rely either on the general provision for the deduction of expenditure or outgoings incurred in the production of assessable profits, as construed by decided authority on point.

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