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News & Analysis

Legacy Lawyers Secure Favorable Order before Himachal High Court

22 December 2022 by Legacy Law Offices

The dispute resolution team of Legacy Law Offices LLP recently obtained two favourable orders for its client Usha Breco Ltd., in the matters of Usha Breco Ltd. & another v. Municipal Corporation, Shimla & another, and Usha Breco Ltd. & another v. Department of Tourism & Civil Aviation & another before the Himachal Pradesh High Court.

News & Analysis

New Law Strengthens Regulatory Landscape for Financial Sector

20 December 2022 by Freddy Karyadi

In its aim to attract more investors, the Indonesian government has been reforming many laws and regulations since 2020. The wide-ranging Omnibus Law, which amends approximately 78 laws and regulations, was presented in 2020, the Tax Harmonization Law in 2021.

News & Analysis

KFTC Proposes Revisions to Merger Review Guidelines and Merger Filing Guidelines

14 December 2022 by Lee & Ko - South Korea

The Korea Fair Trade Commission (“KFTC”) proposed revisions to the Merger Review Guidelines and the Merger Filing Guidelines to facilitate merger reviews of certain investments and to expedite their review process.

News & Analysis

Han Kun Releases 2021 Fund Practice Data Analysis Report: PE fund market rebounded. Smart hardware and biomedicine retained the crown

02 December 2022 by Han Kun Law Offices - China

In 2021, markets appeared to reach a new equilibrium following the widespread rampage wrought by Covid-19 the year before, as many economies gradually adjusted to the “new normal” and business activities saw a sharp rebound.

News & Analysis

Hong Kong Companies Registry’s new inspection regime and personal data protection (Phase 2)

28 November 2022 by LC Lawyers

In our previous article , we introduced the three phases of the new inspection regime under the Companies Ordinance of Hong Kong. Phase 1 was implemented on 23 August 2021. In this article, we will discuss Phase 2 which will come into effect on 24 October 2022.

News & Analysis

Establishing a charity in Hong Kong

25 November 2022 by LC Lawyers

Demand for philanthropy planning has surged in recent years, especially since the pandemic’s harsh impact on society and livelihoods, with many enterprises, social organisations, religious groups and benevolent individuals seeking efficient, powerful, targeted ways to help socially vulnerable groups.

News & Analysis

Expansion of mainland-Hong Kong financial markets connectivity

20 November 2022 by LC Lawyers

On 2 September 2022, at the Annual Forum of the China International Fair for Trade in Services, Dr. Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission (CSRC), indicated that the CSRC will work with Hong Kong’s relevant authorities to launch three new initiatives to expand the connectivity of the mainland and Hong Kong capital markets.

News & Analysis

Indonesia’s Competition Authority Takes SME Partnership Supervision to a New Level

11 November 2022 by Makarim & Taira S - Indonesia

The year 2022 marks a historic era for Indonesia’s Business Competition Authority (“KPPU”) as it is the year KPPU ruling on Partnerships involving Small Medium Enterprises (“SME”)’s passed. While stakeholders find it undisputed that SME Partnerships are distinct from competition matters, the prevailing laws and regulations provide that the supervision of SME Partnerships is borne by KPPU. Now that KPPU is actively enforcing that authority, business actors need be aware of and observe this issue moving forward.

News & Analysis

Trademark trolling and its Perils - a note of caution

02 November 2022 by Rahul Chaudhry & Partners - Shireen Sidhu

In today’s interconnected global economy, securing protection over Intellectual Property assets has become an indispensable requirement for businesses at various levels. Trademarks being one of the most important instrument of IP and valuable intangible asset to business in today’s era, functions as a source identifier for distinguishing the goods and services of one entity from those of others.

News & Analysis

Skyrocketing Material Prices’ Impact on Construction Contracts and Impending Amendment to Korean Fair Transactions in Subcontracting Act

04 October 2022 by Jipyong - South Korea

While the global economy is suffering from COVID-19 related recession and political unrest, the construction industry has been hit especially hard by surging prices of materials and wages. Subcontractors in particular are suffering huge losses. To cushion the harsh blow to contractors and subcontractors, the Korean government has introduced a mechanism called “Supply Cost Linkage System” effective September 2022. Through this system, increases in raw material prices can be automatically reflected and incorporated into construction costs. This system, however, is not mandatory under the current law, and several bills to amend the Fair Transactions in Subcontracting Act (the “Subcontracting Act”) are being introduced one after another.