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News & Analysis

Indonesia puts more enforcement and penalties into tougher competition law

09 August 2017 by Asia law

Indonesia has drafted a new competition law that contains heavier fines for businesses convicted of competition, more enforcement power for the competition authority and the introduction of a leniency programme. While the regulator has been struggling to get the law to parliament for a number of years, it is now thought to have enough support to be to be passed later this year.

News & Analysis

Partner moves and firm updates for the week of August 7

08 August 2017 by Asia law

Latest moves and updates from Hong Kong, India and Singapore

News & Analysis

Japan revises Stewardship Code to target voting records disclosure and governance structures

07 August 2017 by Asia law

Japan has launched significant new corporate governance reform by revising its Stewardship Code, which requires institutional investors to disclose voting records for investments and establish governance structures to prevent conflicts of interest. The challenges will be in how the changes are implemented ahead, including how existing legislation might conflict with the controversial subject of collective engagement between investors and the companies they invest in.

News & Analysis

Protecting images, shapes, colours as trade marks in Asia

02 August 2017 by Asia law

From the Taj Mahal Palace Hotel to the Nokia ringtone and the stripes of 7-Eleven convenience stores, Karry Lai explains why non-traditional trade mark innovation in Asia is more than meets the eye

News & Analysis

Laos amends investment law to attract business in targeted sectors

01 August 2017 by Asia law

Laos amends investment law to attract business in targeted sectors

News & Analysis

China’s new linkage scheme will transform pharmaceutical patenting

27 July 2017 by Asia law

The China Food and Drug Administration (CFDA) is planning to introduce a patent linkage scheme that will require a generic applicant to make a non-infringement declaration against an innovator’s patent portfolio. By creating this linkage, innovators can rest assured that their innovations are protected while generic drug companies are motivated to get regulatory approval for entry into market by proving that a patent is invalid or not infringed. However, observers warn of potential challenges in implementation.

News & Analysis

What trends can be observed as China cracks down on corruption?

26 July 2017 by Asia law

This year marks the fifth year of President Xi’s anti-corruption campaign, but China is moving only slowly up the ranks of the least corrupt jurisdictions globally. Transparency International had it at 79 on its corruption perception index in 2016, compared to 83 the year before. At the same time, proposals to amend the anti-unfair competition law, a social credit system and a national supervisory commission that is expected be in place by March 2018 shows a clear message from the Chinese government: Big Brother is watching and investigations into suspected corruption will only intensify, so businesses operating in China should ready themselves for legal consequences if their anti-corruption policies are weak.

News & Analysis

Shortlists for Asialaw Asia-Pacific Dispute Resolution Awards 2017 almost here

05 July 2017 by Asia law

The research for this year’s Asialaw Asia-Pacific Dispute Resolution Awards 2017 is complete and the shortlists will be available on this page soon.

News & Analysis

China launches reporting framework against tax evasion

05 July 2017 by Asia law

The Common Reporting Standard (CRS) has become effective in China, a sign that the country is taking a full part in the OECD’s initiatives on the automatic exchange of information (AEOI). Soon the tax authorities there will have access to detailed information about the assets held overseas by Chinese taxpayers.

News & Analysis

Australia proposes changes to reverse takeovers rule to require bidders to get shareholder approval

04 July 2017 by Asia law

The ASX (Australian Stock Exchange) has proposed changes to its listing rules to require bidders to obtain shareholder approval for reverse takeovers. These would be takeover bids or schemes of arrangement where the bidder issues more than 100% of existing capital in a bid. The change will probably begin on October 1 but would not apply to transactions announced before the implementation date.