International

Consultation conclusions published in Hong Kong on protected arrangements regulation under proposed resolution regime

The Financial Services and the Treasury Bureau, jointly with the Hong Kong Monetary Authority, the Securities and Futures Commission and the Insurance Authority (together, Authorities) published their conclusions on the consultation relating to the proposed regulations on protected arrangements (PARs) … Continue reading

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Filed under Hong Kong, International

Corporate Crime Monthly Update January 2017

Welcome to the January 2017 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each jurisdiction, … Continue reading

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Filed under Bribery and Corruption, China, Corporate Crime, Dubai, EU, European Regulation, Germany, Hong Kong, India, Indonesia, International, Investigations, Japan, Sanctions and Money Laundering, UAE, UK Government, US

US District Court considers attorney-client privilege and work product doctrine in internal investigations

The US District Court for the Southern District of New York recently granted a motion to compel the production of documents gathered during an internal investigation, finding that neither the attorney-client privilege nor the work product doctrine protected the documents … Continue reading

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Filed under Americas, Asia, Australia, Europe, International

OECD Foreign Bribery Report

The Organisation for Economic Cooperation and Development (OECD) released its Foreign Bribery Report (Report) this week.  The Report is the OECD’s first ever analysis of foreign bribery on a global scale.  It analyses 427 legal cases involving companies (164 cases) and … Continue reading

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Filed under Africa, Americas, Asia, Australia, Bribery and Corruption, British Virgin Islands, Cambodia, Cayman, China, Dubai, Estonia, EU, Europe, Finland, France, Germany, Hong Kong, India, Indonesia, International, Italy, Japan, JURISDICTIONS, Korea, Latin America, Liechtenstein, Macau, Malaysia, Myanmar, Pakistan, Philippines, Russia, Singapore, Spain, Thailand, UAE, UK, Ukraine, US

Major new international accounting standard on financial instruments

The IASB has published the complete version of IFRS 9 ‘Financial Instruments’, which replaces the current standard IAS 39.  This final version includes requirements on the classification and measurement of financial assets and liabilities and an expected credit losses model that … Continue reading

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Filed under EU, International

US: Herbert Smith Freehills obtains important decision for non-US banks which maintain a branch office in New York

In a case of first impression in the New York state courts – Gliklad v. Bank Hapoalim, B.M., No. 155195/2014 (N.Y. Sup. Ct. N.Y. Cnty. Aug. 11, 2014) – the New York Supreme Court has held that maintaining a branch office … Continue reading

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Filed under Americas, Asia, Australia, Banking, Europe, France, Germany, Hong Kong, International, Spain

May 2013 Corporate Crime Update

The May 2013 edition of our Corporate Crime Update covers developments in relation to corruption, money laundering, fraud, sanctions and related matters across a number of jurisdictions.  For the full update on each jurisdiction, please click on the name of … Continue reading

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Filed under Asia, Australia, Bribery and Corruption, China, Corporate Crime, Hong Kong, International, Middle East, Russia, Sanctions and Money Laundering, Spain, UAE, US

IOSCO: monitoring of implementation of the Principles for Financial Market Infrastructures begins

The International Organisation of Securities Commissions (IOSCO) and the Committee on Payment and Settlement Systems (CPSS) have announced that they have started the process of monitoring implementation of the Principles for Financial Market Infrastructures (PFMIs).  The PFMIs were issued in … Continue reading

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Filed under International, JURISDICTIONS

FSB progress report on OTC derivatives market reform

The Financial Stability Board (FSB) has published its 5th six-monthly progress report on the implementation of over-the-counter (OTC) derivatives market reforms. 

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Filed under International, JURISDICTIONS