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 eOASISClient 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 provision and whether it applies even where not all debts of the bankruptcy have been proven. 18 Oct 2019 | Singapore 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
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 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 Update provides a summary of the key features of the new reciprocal enforcement regime. 14 Oct 2019 | Singapore
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
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