2013.9
Wynn Macau sues Chinese tycoon over HK$14 mln debt
Las Vegas mogul Steve Wynn’s Wynn Macau casino is suing a Chinese tycoon for HK$14 million ($1.81 million) in gambling debts, the latest case of a casino in the world’s biggest gaming hub using the courts to go after its money.
Citi moves to block new arbitration by Abu Dhabi fund
Citigroup Inc has gone to court to block a new effort by Abu Dhabi Investment Authority to pursue an arbitration over a $7.5 billion investment the sovereign wealth fund made in the bank amid the subprime mortgage meltdown in 2007.
Philippines South China Sea legal case against China gathers pace
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.
SG tycoon sues Goldman Sachs for currency losses
Goldman Sachs has been sued by a Singapore businessman for allegedly giving misleading advice that cost him 3.18 billion yen ($32.22 million) in losses on currency options, according to court documents seen by Reuters.
As Chinese take business disputes abroad, ships caught in legal web
When more than 2,000 passengers aboard China’s biggest cruise liner found their ship detained in a South Korean port and their holiday in ruins, they unwittingly became pawns in a five-year legal row between two Chinese shipping firms.
Firms hiring again, but caution still reigns
Recruiters are reporting an increase in hiring activity by Australian law firms – but it’s still too early to draw any long term conclusions.
SA: Stricter rules for lawyer conduct introduced
Tighter controls for regulating the conduct of lawyers in South Australia have been introduced following the passage of the Legal Practitioners (Miscellaneous) Amendment Bill last week.
More FATCA-type regulations coming: summit
More than 90 percent of attendees to the 4th Thomson Reuters Pan-Asian Regulatory Summit held in Singapore this week said they thought other countries would have a FATCA-type regulation within five years, with nearly two-thirds believing that there wil…
Green light for Ashurst integration
The partnerships of Ashurst LLP and Ashurst Australia have voted in favour of full financial integration of the two firms.
Axiata buys majority stake in PT Axis Telekom Indonesia
Malaysia’s largest mobile phone operator Axiata Group Bhd said its Indonesian unit has struck a deal with Saudi Telecom Co to acquire a majority stake in PT Axis Telekom Indonesia (Axis) for an undisclosed sum.