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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.

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

Partner moves and firm updates for the week of June 26

26 June 2017 by Asia law

Latest partner moves and firm updates from Singapore, Australia and India

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

Partner moves and firm updates for the week of June 19

20 June 2017 by Asia law

Latest moves and updates from India and Australia

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

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.