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Indonesia seeks to crack down on "unhealthy" peer-to-peer lenders

BY Reuters |

Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up a booming online lending sector beset by consumer complaints.
Singapore's crypto aspirations shaken by Three Arrows collapse

BY Reuters |

Singapore's ambitious cryptocurrency sector, by some measures Asia-Pacific's largest, faces an uncertain future after the recent collapse of crypto fund Three Arrows Capital, a high-profile casualty of the global digital currency downturn.
Sullivan & Cromwell leads first-half M&A in slower 2022 for firm dealmakers

BY Reuters |

Sullivan & Cromwell and Goodwin Procter have taken top spots among law firms advising on global M&A deals in the first half of 2022, as dealmaking continues to drop following last year's highs.
Evergrande canvassing creditors' support against winding-up petition -source

BY Reuters |

China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter.
Sri Lanka picks Lazard, Clifford Chance as advisers for landmark debt restructuring

BY Reuters |

Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday.
China gaming firms toe the line, paving the way to end licence freeze

BY Reuters |

China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent made major adjustments to their business practices and due to the ban's economic fallout, industry sources and analysts said.
Skadden, Goodwin led M&A pack in Q1 as dealmaking cooled

BY Reuters |

Law firms Skadden, Arps, Slate, Meagher & Flom and Goodwin Procter emerged as top deal advisers in the first quarter of 2022, even as global dealmaking took a tumble.
U.S. prosecutors cast doubt on ex-Goldman banker's wife testimony at 1MDB trial

BY Reuters |

U.S. prosecutors on Tuesday sought to cast doubt on the testimony of the wife of a former Goldman Sachs banker, who is on trial over allegations he helped loot Malaysia's 1MDB sovereign wealth fund.
UK judges resign from Hong Kong court over China's crackdown on dissent

BY Reuters |

Two senior British judges, including the president of the UK Supreme Court, resigned from Hong Kong's highest court on Wednesday because of a sweeping national security law imposed by China cracking down on dissent in the former British colony.
Sri Lanka to hire global law firm to aid debt restructuring

BY Reuters |

Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund (IMF) on the country's economic crisis, a top official said on Tuesday.