Region: Hong Kong

Hong Kong’s Securities and Futures Commission announced on 20 November the beginning of a consultation on proposed changes to the regulation of automated trading. The deadline for submissions is 31 December.

20 November 2015

Chinese securities regulatory officials are using the new Hong Kong stock-sharing agreement to interview bankers in Hong Kong as part of an investigation that, lawyers believe, is probably linked to China’s stock market tumble earlier this year.

12 November 2015

Malaysia’s Prime Minister, Najib Razak, has agreed to provide a statement by the end of 2015 to law enforcement authorities in relation to funds worth US$675 million that were deposited into his account, according to reports.

12 November 2015

A round-up of the week’s latest people moves, including Siemens’s general counsel joining Bilfinger and promotions at Ropes & Gray.

06 November 2015

Verifying a cyber threat’s credibility and limiting potential fallout are among the first steps to take once a suspected cyber breach comes to light, but another question to ask is when to consider getting law enforcement involved.

30 October 2015

Employees can only successfully rely on a “reasonable excuse” defence in bribery cases if they can show that their employer gave them clear permission to accept the payment or gift, a Hong Kong appeal court has ruled.

29 October 2015

Arul Kanda, the president of 1MDB, Malaysia’s investment fund, which is being investigated by the US Department of Justice, the Office of the Attorney General of Switzerland, the UK’s.

22 October 2015

Muna Dandan, the former head of Eversheds’ financial services disputes practice in Asia, has joined the Dubai Financial Services Authority as general counsel, after just four months at the firm in Hong Kong.

14 October 2015

The UK’s Serious Fraud Office has started investigating Malaysia’s development fund 1Malaysia Development Berhad (1MBD) for alleged money laundering, according to The Sunday Times.

14 September 2015

A subsidiary of US casino company Caesars Entertainment, Caesars Palace, agreed on 8 September to pay US$8 million to the US Treasury’s Financial Crimes Enforcement Network (FinCEN) and US$1.

14 September 2015