eOasis is Rajah & Tann Asia’s legal publications portal, where you can view updates on the latest key legal and regulatory developments in Asia, prepared from a practitioner's viewpoint.

What's New on eOASIS

An Upgrade in Free Trade – China-Singapore Free Trade Agreement Upgrade Protocol Comes into Force
The China-Singapore Free Trade Agreement Upgrade Protocol has come into force on 16 October 2019 (except for the articles relating to Rules of Origin, which will come into force from 1 January 2020) (the "Upgrade Protocol"). The Upgrade Protocol seeks to enhance the trade and investment linkages between China and Singapore. In this Client Update, we look at the key features of the Upgrade Protocol and its potential impact on trade and business between the two countries.
23 Oct 2019 | Singapore
Is Annulment of Bankruptcy Conditional Upon All Debts Being Proven?
A bankruptcy order may be annulled upon the fulfilment of certain requirements, including the situation where the debts and expenses of the bankruptcy have been fully paid or secured. In Standard Chartered Bank, Singapore Branch v Chua Seng Kiat [2019] SGHC 240, the Singapore High Court considered the scope of this provision and whether it applies even where not all debts of the bankruptcy have been proven.
18 Oct 2019 | Singapore
Court of Appeal Decides on Mareva Injunctions in Aid of Foreign Proceedings
In Bi Xiaoqiong (in her personal capacity and as trustee for the Xiao Qiong Bi Trust and the Alisa Wu Irrevocable Trust v China Medical Technologies, Inc (in liquidation) and another [2019] SGCA 50, the Singapore Court of Appeal considered an application for a Mareva injunction in the context of proceedings in Singapore and Hong Kong. Importantly, the Court considered the issue of whether it could grant a Mareva injunction in aid of foreign proceedings, where the plaintiff intends to pursue the foreign proceedings and not the Singapore proceedings. The Respondent was successfully represented by Kelvin Poon, Nigel Pereira, Chew Xiang and Chow Jie Ying of Rajah & Tann Singapore LLP.
16 Oct 2019 | Singapore
New Merger Control Regulation: Asset Acquisitions are now subject to KPPU Notification

Pending the long-awaited amendment of the Indonesian Competition Law and in response to the urgency from the Indonesian Competition Authority (“KPPU”) to oversee non-share-based transactions that may raise anti-competitive concerns, the KPPU recently published KPPU Regulation No. 3 of 2019 on Assessment of Merger or Consolidation of Business Entities or Share Acquisition of Companies that could Result in Monopolistic and/or Unfair Business Competition Practices ("New Regulation").

16 Oct 2019 | Indonesia
Advertising Ban and New Mandatory Labelling Requirements for Drinks with High Sugar Content
The Ministry of Health ("MOH") announced on 10 October 2019 that it plans to introduce mandatory requirements for nutrition labels for less healthy pre-packaged sugar sweetened beverages ("SSBs"), as well as an advertising ban on the unhealthiest SSBs in Singapore. The MOH decided to adopt the said measures following an eight-week public consultation conducted by the MOH and the Health Promotion Board in December 2018 on proposed measures to reduce the sugar intake of Singaporeans from pre-packaged SSBs. In this Update, we will briefly discuss the new measures to be introduced by the MOH. According to the MOH, further details of these measures will be provided in 2020.
15 Oct 2019 | Singapore
Laws Passed to Enhance the Framework for Reciprocal Enforcement of Foreign Judgments
As part of ongoing efforts to enhance the Singapore framework for the reciprocal enforcement of foreign judgments, the Reciprocal Enforcement of Foreign Judgments (Amendment) Act (“REFJA Amendment Act”) and the Reciprocal Enforcement of Commonwealth Judgments (Repeal) Act were passed in Parliament on 2 September 2019. The REFJC Amendment Act has since come into operation on 3 October 2019. The amendments expand the scope of judgments that may be covered by reciprocal arrangements between Singapore and foreign countries, and also consolidate the reciprocal enforcement regime. This Update provides a summary of the key features of the new reciprocal enforcement regime.
14 Oct 2019 | Singapore
KPPU Imposes Record-Breaking Fines on Five-Year Old Transactions

On 1 October 2019, the Indonesian Competition Commission, Komisi Pengawas Persaingan Usaha ("KPPU") imposed a record-breaking fine of IDR20.66 billion (approx. US$1.46 million) on PT Citra Prima Sejati ("CPS") for its failure to notify the KPPU of two transactions within the required timeframe. These transactions involved CPS's acquisition of two Indonesian mining companies, PT Buana Minera Harvest and PT Mitra Bisnis Harvest, on 24 December 2013.

10 Oct 2019 | Indonesia
Recent Legal Developments in Vietnam

On 26 September 2019, the Government promulgated Decree No. 75/219/ND-CP to regulate administrative sanctions on violations of the Law on Competition (“Decree 75”). Decree 75 takes effect from 01 December 2019.

10 Oct 2019 | Vietnam