Legal Updates for Jun - 2023
立杰亚洲 科技、媒体和电信区域法律资讯
本更新是对近几个月东南亚地区在数据保护、内容监管、金融监管、电信和电子商务等主题方面的最新发展概览。这些主题对于在科技领域经营的企业来说是相关及重要的，因为它们影响到企业如何收集、使用、存储和转移个人数据；如何创建、发布和调节在线内容；如何提供或促进金融服务和交易；如何访问和利用电信网络和基础设施；以及如何进行在线商务和贸易。简洁起见，我们将采取一个宏观的视角，将重点放在最新变化上，如果您想进一步讨论这些发展或任何其他与东南亚科技法律有关的事项，请随时与我们联系。
30 Jun 2023 | Cambodia立杰亚洲 科技、媒体和电信区域法律资讯
本更新是对近几个月东南亚地区在数据保护、内容监管、金融监管、电信和电子商务等主题方面的最新发展概览。这些主题对于在科技领域经营的企业来说是相关及重要的，因为它们影响到企业如何收集、使用、存储和转移个人数据；如何创建、发布和调节在线内容；如何提供或促进金融服务和交易；如何访问和利用电信网络和基础设施；以及如何进行在线商务和贸易。简洁起见，我们将采取一个宏观的视角，将重点放在最新变化上，如果您想进一步讨论这些发展或任何其他与东南亚科技法律有关的事项，请随时与我们联系。
30 Jun 2023 | Lao PDR立杰亚洲 科技、媒体和电信区域法律资讯
本更新是对近几个月东南亚地区在数据保护、内容监管、金融监管、电信和电子商务等主题方面的最新发展概览。这些主题对于在科技领域经营的企业来说是相关及重要的，因为它们影响到企业如何收集、使用、存储和转移个人数据；如何创建、发布和调节在线内容；如何提供或促进金融服务和交易；如何访问和利用电信网络和基础设施；以及如何进行在线商务和贸易。简洁起见，我们将采取一个宏观的视角，将重点放在最新变化上，如果您想进一步讨论这些发展或任何其他与东南亚科技法律有关的事项，请随时与我们联系。
30 Jun 2023 | Malaysia立杰亚洲 科技、媒体和电信区域法律资讯
本更新是对近几个月东南亚地区在数据保护、内容监管、金融监管、电信和电子商务等主题方面的最新发展概览。这些主题对于在科技领域经营的企业来说是相关及重要的，因为它们影响到企业如何收集、使用、存储和转移个人数据；如何创建、发布和调节在线内容；如何提供或促进金融服务和交易；如何访问和利用电信网络和基础设施；以及如何进行在线商务和贸易。简洁起见，我们将采取一个宏观的视角，将重点放在最新变化上，如果您想进一步讨论这些发展或任何其他与东南亚科技法律有关的事项，请随时与我们联系。 30 Jun 2023 | Singapore立杰亚洲 科技、媒体和电信区域法律资讯
本更新是对近几个月东南亚地区在数据保护、内容监管、金融监管、电信和电子商务等主题方面的最新发展概览。这些主题对于在科技领域经营的企业来说是相关及重要的，因为它们影响到企业如何收集、使用、存储和转移个人数据；如何创建、发布和调节在线内容；如何提供或促进金融服务和交易；如何访问和利用电信网络和基础设施；以及如何进行在线商务和贸易。简洁起见，我们将采取一个宏观的视角，将重点放在最新变化上，如果您想进一步讨论这些发展或任何其他与东南亚科技法律有关的事项，请随时与我们联系。
30 Jun 2023 | ThailandHealthcare Services Act: Licensing Framework for Hospital and Ambulatory Care Services & Changes to Regulatory Framework wef 26 June 2023
On 26 June 2023, the Healthcare Services Act 2020 ("HCSA") was amended to implement the following key changes:- Transitioning existing licensees offering hospital and ambulatory care services and specified services under the Private Hospitals and Medical Clinics Act ("PHMCA") to HCSA ("Phase 2 implementation of HCSA");
- Enhancing the regulatory regime governing healthcare services; and
- Ensuring greater clarity and transparency in healthcare services advertising.
The second and third phases set out above are introduced in the Healthcare Services (Amendment) Act 2023 ("Amendment Act") which was passed in Parliament on 27 March 2023. The Amendment Act refines the HCSA to address developments which have an impact on the healthcare industry since the HCSA was enacted in 2020.
This Update provides a summary of the changes to the HSCA that have taken effect on 26 June 2023.
28 Jun 2023 | Singapore
New Exemptions for Foreign Companies from Keeping Register of Members, Register of Registrable Controllers and Register of Nominee Shareholders
A foreign company that is registered under the Companies Act 1967 ("CA") is, unless exempted, subject to various disclosure requirements including:- Keeping a register of its members pursuant to section 379 of the CA; and
- Keeping a register of its shareholders who are nominees and a register of its registrable controllers pursuant to Part 11A of the CA.
This Update briefly highlights these new exemptions and the key conditions for the exemptions to apply.
27 Jun 2023 | Singapore
Revised Criteria for Computing 90% Threshold for Compulsory Acquisition under Companies Act w.e.f. 1 July 2023
The compulsory acquisition provision under section 215 of the Companies Act 1967 (“CA”) allows an acquiror ("acquiror") in a takeover offer who has acquired a very substantial number of shares in the target company (the "target company") to compulsorily acquire the shares of the minority dissenting shareholders. This allows the acquiror to convert the target company into a wholly-owned subsidiary, an important right if the objective of the takeover is to delist the target company. Section 215 of the CA provides that the acquiror is entitled to exercise the right to compulsorily acquire the shares of any dissenting shareholders in the target company when the takeover offer for all the shares in the target company has been approved by shareholders who hold at least 90% of the shares of the target company ("90% threshold requirement").On 1 July 2023, section 215 of the CA will be revised to expand the scope of shareholders whose shares will be excluded from the computation of the 90% threshold requirement to, in broad terms, also cover shares owned by related parties who are controlled by the acquiror and shares owned by related parties who control the acquiror. This Update discusses these changes. 23 Jun 2023 | Singapore
NEC Press Release: Immediate Halt of Action against the Election Law
On 6 June 2023, the National Election Committee ("NEC") issued a press release no. 004 calling for the immediate halt of any and all actions that are contrary to the election law. Cambodia is having its general election of members of National Assembly of the 7th Legislature (2023) in July 2023.
This Update highlights the background to the NEC’s press release and the prohibited acts that have been highlighted.
16 Jun 2023 | CambodiaMOF Consults on Proposed Amendments to Income Tax Act
On 6 June 2023, the Ministry of Finance ("MOF") announced a public consultation on 33 proposed amendments to the Income Tax Act 1947 ("ITA") by way of the Income Tax (Amendment) Bill 2023 ("Bill"). The consultation covers:- 19 proposed amendments to implement tax measures announced in the 2023 Budget Statement; and
- 14 proposed amendments arising from international tax developments and MOF's periodic review of Singapore's tax system.
In this Update, we highlight key amendments that have been proposed. Out of all the proposed changes, the change that could perhaps have the most implications is the taxation of gains from the sale of foreign assets received in Singapore by businesses without economic substance in Singapore, which is detailed below.
16 Jun 2023 | Singapore
Exemption of Public Service Fees of the Ministry of Land Management, Urban Planning and Construction
On 22 May 2023, the Ministry of Economy and Finance and the Ministry of Land Management, Urban Planning and Construction ("MLMUPC") issued a joint Prakas No. 312 on the Exemption of Public Service Fees of the MLMUPC under which public service fees of the MLMUPC shall be exempted for certain services. This Update provides further details on the prescribed exemptions.
15 Jun 2023 | CambodiaNew Disposable Carrier Bag Scheme under Resource Sustainability Act Comes Into Effect
Earlier this year, the Singapore Parliament passed several key legislative changes to the Resource Sustainability Act 2019, one of which is the introduction of the Disposable Carrier Bag Scheme which requires regulated retailers to impose a disposable carrier bag charge. On 26 May 2023, the Disposable Carrier Bag Scheme came into effect. Regulated retailers who have applied as a registered retailer prior to 1 June 2013 must note that their compliance requirements as a registered retailer will commence soon on 3 July 2023.This Update outlines salient features of the new Disposable Carrier Bag Scheme and our comments on how they may impact your business and operations. 09 Jun 2023 | Singapore