It is principally engaged in investment, property development and investment, hospitality and leisure and financial services.
The Reserve Bank today released the final capital adequacy standards, which apply to locally incorporated registered banks in New Zealand and implement the Basel III capital requirements. The bulk of the new standards take effect from 1 January 2013 and
The remaining banks, in accordance with CBRC requirements, must keep their CAR, TCAR and CCAR equal to or above 8.5, 6.5 and 5.5 percent respectively by the end of 2013.
The investors claim in a lawsuit in Manhattan federal court that BTA Bank, which isn’t named as a defendant, defrauded them by inducing them to buy debt securities as part of a 2010 restructuring.
The man who blew the whistle on American Bernie Madoff, and two Federal Bureau of Investigation (FBI) investigators of massive U.S. insider trading activities, are heading to New Zealand.
Michaels is experienced in advising ultra-high-net-worth individuals and their related trusts, controlled companies and businesses across South East Asia. His practice will focus on tax and wealth planning.
These two cases illustrate well how important it is for successful and wealthy businessmen to have a clear and robust succession plan that lays out how their own personal wealth is to be divided, when the time arises.