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News & Analysis

Malaysia launches new corporate governance Code

28 June 2017 by Asia law

Malaysia’s Securities Commission has announced a new Code on corporate governance to increase the accountability and transparency of public companies. The code took effect on April 26 and all publicly listed companies will be required to comply with it from their annual reports for the 2017 financial year ending December 31.

News & Analysis

The role of Asia in the development of international law

27 June 2017 by Asia law

July 1 marks the 20th anniversary since Hong Kong’s return to China and the start of its One Country Two Systems policy, which was created by Deng Xiaoping to give Hong Kong the ability to retain its economic, legal and political system, through the Basic Law, after reunification with China. Hong Kong’s reputation as a gateway for trade and the rapid development China’s legal system point to a growing need for cooperation and collaboration in the international rule of law, especially as investment increases with initiatives such as One Belt One Road (OBOR) and for policy makers, business people and academics to discuss and understand how this might work.

News & Analysis

Vietnam’s draft competition law targets foreign companies

21 June 2017 by Asia law

Vietnam’s Ministry of Industry and Trade has put out a draft competition law that aims to bring the country’s existing competition laws more in line with international markets. Unlike the existing law, the draft law explicitly covers foreign entities, and introduces anti-competition effect and market power concepts. It is expected to be submitted to the National Assembly later this year and will probably come into force in mid-2018.

News & Analysis

India changes banking regulations to target non-performing loans

19 June 2017 by Asia law

India’s government has announced a change to the Banking Regulation Act to allow the Reserve Bank of India (RBI) to give directions to banks to launch bankruptcy proceedings against defaulters.

News & Analysis

Third-party funding in arbitration now permitted in Hong Kong

15 June 2017 by Asia law

Like it or not, arbitration can be expensive. Third-party funding arrangements offer a possible solution.

News & Analysis

IP arbitration amendment Bill passed today in Hong Kong but hurdles remain

14 June 2017 by Asia law

The Hong Kong government has passed amendments today to the territory’s arbitration ordinance to clarify that IP rights can be the subject of arbitration. The existing legislation does not specify that this is possible. The provisions in the ordinance will take effect on October 1. While the amendment may encourage more parties to go for this form of dispute resolution for IP cases, barriers still remain in choosing arbitration.

News & Analysis

Exceptional Female In-House Counsel interview series: Catherine Kardinal, General Counsel, Siemens

12 June 2017 by Asia law

This month, we speak with Catherine Kardinal, general counsel for Siemens in Hong Kong, about the importance of finding a company culture that fits one’s lifestyle, the challenge of getting support from management on legal advice as an in-house counsel and how being a company lawyer can be similar to being a psychologist.

News & Analysis

Singapore criminalises trading in data in new cybersecurity law

19 May 2017 by Asia law

Singapore made changes to its Computer Misuse and Cybersecurity Act in April to target cybercrime, an issue that has been of increasing concern around the world especially with the WannaCry ransomware attacks. The amendments will criminalise activities that involve the dealing in and trading of personal information. Businesses that collect and work with personal data for legitimate purposes should take heed of the changes to avoid potential breaches.

News & Analysis

Queensland’s new rules extend environmental liability to individuals and related entities

12 May 2017 by Asia law

The government in the Australian state of Queensland could have to spend millions of dollars of taxpayers’ money on environmental liabilities of contaminated sites and has decided to change the law to stop that from happening in the future.

News & Analysis

Exceptional Female In-House Counsel: Vanina de Verneuil, Reliance Communications (Enterprise) & Global Cloud Xchange

11 May 2017 by Asia law

This month, we speak with de Verneuil, global general counsel, Reliance Communications (Enterprise) & Global Cloud Xchange. She talks about the challenges of working in a male-dominated environment and taking the road less travelled in her career path. A flair for languages has helped her move around the world. She also has some wise advice about self-image.