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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.

News & Analysis

asialaw Awards 2022/23 - WINNERS ANNOUNCED

30 September 2022 by asialaw

Check out the full list of asialaw Awards 2022/23 winners here...

News & Analysis

Helmsman announces expansion to the firm’s practices in Singapore and Hong Kong to support growing demands from clients around the world

01 September 2022 by Helmsman - Singapore

Helmsman LLC is pleased to announce the firm’s official transition into a multi-disciplinary law firm servicing clients and partners throughout the Asia Pacific, Greater China and further afield.

News & Analysis

SSEK Assists Blackstone-backed Moonbug on Acquisition of Singapore Animation Studio Behind ‘Oddbods’

31 August 2022 by SSEK Legal Consultants

SSEK Legal Consultants, acting as Indonesian counsel, has assisted London-based media company Moonbug Entertainment on the acquisition of Singapore-based media company and production studio One Animation.

News & Analysis

asialaw Awards 2022/23 – Join us now!

16 August 2022 by asialaw

asialaw is pleased to present our awards virtual ceremony...

News & Analysis

Opposition Proceedings under the Patents (Amendment) Act 2022

11 July 2022 by Shearn Delamore & Co

In this article, Pravind Chandra looks at the new section 55A of the Patents (Amendment) Act 2022.

News & Analysis

DEAL OF THE MONTH - MAY 2022

09 June 2022 by asialaw

asialaw's Deal of the Month for May 2022 is...

News & Analysis

DEAL OF THE MONTH - JAN 2022

16 February 2022 by asialaw

asialaw's Deal of the Month for January 2022 is...

News & Analysis

asialaw Awards 2021 - WINNERS ANNOUNCED

30 September 2021 by asialaw

asialaw is proud to announce the winners of the fourth annual awards for the best firms, teams, lawyers, as well as deals and cases throughout Asia-Pacific over the past 12-18 months.

News & Analysis

asialaw 2022 rankings - NOW LIVE

16 September 2021 by asialaw

The 2022 edition of the definitive guide to Asia's leading law firms is now live