Asia

Singapore is rushing to reinvent itself as Asia's financial technology, or FinTech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. State funding…
July 2016
On 15 April, The Law Society held a luncheon entitled “Hong Kong: A Borderless Trade and Investment Environment for ‘Going Global’” on the occasion of Inter-Pacific Bar Association's (“IPBA”) 26th…
June 2016
Increased levels of debt restructuring point to a broader pattern across Asia and underscore the need for active liability management. While speculation about debt build-up will naturally be focused…
June 2016
Macau has introduced new anti-money laundering rules for its $29 billion casino industry, the world's biggest, adding to costs for operators at a time when revenues have slumped to five-year lows.…
June 2016
Regulators in Hong Kong and Singapore have asked banks doing business there to disclose if they have dealings with entities and individuals named in the leaked 'Panama Papers', which contained…
June 2016
A number of financial institutions have started to move assets off their balance sheet using different accounting treatments in an attempt to reduce their leverage and avoid high capital charges,…
May 2016
The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be disrupted…
April 2016
Insurance companies in Asia are increasingly being used as vehicles to spirit money out of China and circumvent Chinese capital controls, officials said.  While insurance companies have been on high…
April 2016
The high-profile Panama Papers leak is expected to put pressure on financial institutions as they will be increasingly required to ask pertinent questions particularly in ascertaining ultimate…
April 2016
This is not a euphemism for a party's reluctant approach to discovery. Rather, it is an observation by the Singapore Court of Appeal in its judgment in Deutsche Bank AG v Chang Tse Wen [2013] SGCA 49…
February 2014
Right of executor to institute legal proceedings before obtaining grant of probate The plaintiffs (“Ps”) and the defendant (“D”) were the children of X, the deceased, a foreign national who died…
February 2014
Investor claims arising from the last financial crisis are slowly working their way through the courts. Hong Kong recently saw four first-instance decisions (Kwok v HSBC [2012] HKCFI 964, DBS v San…
February 2014
Warren Ganesh, Senior Consultant, Smyth & Co in association with RPC In its decision (High Court Heisei 23 (ra) No. 1334, 2012) the Tokyo High Court upheld a challenge to an arbitral award on…
December 2013
After months of delay, amendments to the Inland Revenue and Stamp Duty Ordinances were passed on 19 July 2013 to provide much-needed groundwork for Islamic finance - in particular sukuk issuance - to…
December 2013
The Philippines’ legal challenge against China’s claims in the South China Sea is gathering pace, emerging as a “proxy battle” over Beijing’s territorial reach. Manila has assembled a crack…
November 2013
At the invitation of the Consulate General of the Republic of Korea, I, together with Ms. Elsie Leung, former Secretary for Justice, had a very pleasant opportunity to share our experiences with our…
October 2013
Crossing a new frontier in Southeast Asia, the Philadelphia-based Duane Morris has become the first US law firm to establish an office in Myanmar, the firm announced last week, Reuters reported.…
September 2013
HSBC said recently that it had completed a two-way cross-border yuan lending transaction for a Taiwanese company under a pilot program China introduced in August, becoming the first foreign bank to…
September 2013
Not long before this year’s first Number 8 Typhoon Warning Signal was hoisted, we spoke with Mr. Ang Kwee Tiang, the Regional Director for the International Federation of the Phonographic Industry (“…
September 2013
King & Wood Mallesons (“KWM”) and smaller UK-based SJ Berwin will merge to form a law firm with a combined revenue of about US$1.3 billion (HK$10 billion), which puts it among the biggest 25…
August 2013