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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

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

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

New Zealand calls for gender pay equity with new Bill

06 June 2017 by Asia law

New Zealand is tabling a new Bill that will provide a bargaining framework for gender pay equity claims.

News & Analysis

Partner moves and firm updates for week of May 29

31 May 2017 by Asia law

Trilegal, Holden Redlich, AZB & Partners and Clasis Law have all welcomed new partners this week.

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

China’s new policies still leave challenges for foreign investors

10 May 2017 by Asia law

China took steps earlier this year to attract more foreign investment by opening up more sectors of the economy, creating more even treatment between domestic and foreign companies, and giving more incentives to those investing in the central and northwestern regions.

News & Analysis

Partner moves and firm updates of the week of May 8

09 May 2017 by Asia law

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