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US$140b at stake for HK tycoons backing security law
HONG KONG: After 12 months of political turmoil, a pandemic and the worst recession on record, Hong Kong’s richest people have emerged with their fortunes intact.
Chinese tech stocks fall as US SEC begins rollout of law aimed at delisting
WASHINGTON/HONG KONG: Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards.
Japan PM calls for stronger ASEAN ties to improve regional security
TOKYO: Japan and Southeast Asia must strengthen ties and ensure the region is based on the rule of law and not force, Japanese Prime Minister Shinzo Abe told Asian leaders at a summit on Saturday, amid heightened tensions over China's new air defence zone.
Majority of US firms in Hong Kong concerned about security law
HONG KONG: A majority of U.S. companies in Hong Kong surveyed by the American Chamber of Commerce (Amcham) are concerned about the sweeping new national security law in the global financial hub, with a third looking to move assets or business longer-term.
S’pore family seeks to halt law firm from taking court role
Singapore: Singapore’s Lim family has asked a court to stop law firm Rajah & Tann singapore LLP (R&T) from working for court-appointed supervisors to two companies in the Lim’s embattled oil trading empire, Evan Lim Chee Meng told Reuters.
NZ introduces climate change law for financial firms
SYDNEY: New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said yesterday.
Officials meet to coordinate Goldman approach over 1MDB
SINGAPORE: Law enforcement officials from the U.S., Malaysia and Singapore are meeting near Kuala Lumpur this week to coordinate their legal approaches toward Goldman Sachs Group Inc. over its work raising money for scandal-plagued state fund 1MDB, people with knowledge of the matter said.
Brexit delay law approved by House of Commons
Labour's Corbyn says Theresa May has not moved enough on Brexit
Thy will be done
This is the second in the series of monthly articles contributed by the Malaysian Bar Council on simple matters affecting the lives of people. It kicked off diving into ways to obtain “Letters of Administration” when a person dies and leaves an estate without a will and continues this month with the subject on “Living Wills”.
Commonwealth Bank to pay record fine to settle laundering suit
SYDNEY: Commonwealth Bank of Australia has agreed to pay the biggest civil penalty in Australian corporate history, after admitting to more than 53,000 money-laundering law breaches that allowed drug syndicates to funnel millions of dollars offshore.
