SCAM ALERT!

Year in review 2023 →

SCAM ALERT!

Year in review 2023 →

Regional Round-up
Issue 1 of 2022

Your Snapshot of Key Legal Developments in Asia

Issue 1 of 2022 (Jan / Feb / Mar)

Cover Story

PHILIPPINES
Amendments to Foreign Investments Act to Loosen Restrictions on Foreign Entrants and Boost Recovery after COVID-19

On 2 March 2022, President Rodrigo R. Duterte signed into law Republic Act No. 11647 (“Amended FIA”), amending Republic Act No. 7042 or the
Foreign Investments Act of 1991.

The Amended FIA aims to attract and promote productive investments in activities which significantly contribute to sustainable, inclusive, resilient,
and innovative economic growth, productivity, global competitiveness, employment creation, technological advancement, and countrywide
development to the extent that foreign investment in such activities is allowed by the Constitution and relevant laws.

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rEGIONAL ROUND-UP

2024

2023

2022

2021

Cambodia

Second Extension of Imposition of Penalties re: Application for E-Commerce Permit/Licence

Establishment of the Cambodia Competition Commission

Rules on the Management, Establishment, and Functioning of Trust

Construction Permit by the Minister of Land Management, Urban Planning and Construction: Formalities and Procedures

Cambodia's New Law on Investment


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China

China Releases Implementing Rules of the Administrative Regulations on Human Genetic Resources (Draft for Comments)

PRC Supreme People's Court Issues the Interpretations on Relevant Issues Concerning the Application of the PRC Anti-Unfair Competition Law

Draft Regulations on Pop-up Push Notifications

Bills of Lading Signed by or on Behalf of the Master – Owner's Bill or Charterer's Bill?

Draft Law Potentially Lifts Prohibition on Ad Hoc Arbitrations in China
Read More

Indonesia

Multi-Voting Shares: Sweetener for Tech Start-Up IPOs?

Committing to a Greener Future: Indonesia Embraces Implementation of Carbon Economic Value

Indonesian Government Mandates BPJS Membership to Buy Lands and Properties







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Laos

Encouragement of Telecommunication Activities through Amended Law on Telecommunications

Instruction on the Procedures for Applying for a Lao PDR Entry-Exit Permit during COVID-19 Pandemic

Notice on Adding an Account Number Associated with Providing Electronic Money Services

Notice on Opening a Trust Account

Signing Ceremony for Digital Property Business Pilot Agreement



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Malaysia

New Licensing Requirement on the Provision of Cloud Services Comes into Force

Latest Guidelines on Personal Data Protection Notices under the Personal Data Protection Act 2010 (PDPA)

High Court Issues Key Decisions on Schemes of Arrangement

Climate Risk Management and Scenario Analysis (Exposure Draft)

Extension of Part IV of AMLA to IEOs, Digital Custodians and Digital Asset Advisors; Explicit Broadening to Equity Crowdfunding, Crowdfunding, P2P and other Recognised Market Operator Platforms
Read More

Myanmar

Central Bank of Myanmar Updates

Enactment of Union Taxation Law 2022

Enactment of Myanmar Police Act

Ministry of Commerce: Additions to List of Goods Requiring Import/Export Licences

Intellectual Property Department – Refiling of Registered Trademarks







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Philippines

Amendments to the Public Service Act to Ease Foreign Equity Limitations

Amendments to Foreign Investments Act to Loosen Restrictions on Foreign Entrants and Boost Recovery after COVID-19

Supreme Court Issues Rules on Expedited Procedures in the First-Level Courts

Amendments to the Retail Trade Act to Further Encourage Foreign Retail Enterprises to Do Business in the Philippines

Ease of Paying Taxes Act to Streamline Tax Compliance
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Singapore

MAS Notices on Financial Measures Relating to Russia Sanctions: Impact on Financial Institutions in Singapore

Singapore Court Issues First "Persons Unknown" Order in Decision Involving Cryptocurrency

Forward, Together: Singapore Budget 2022

Towards an Efficient and Business-Friendly IP System – Intellectual Property (Amendment) Act 2021 Passed in Parliament

Regional Comprehensive Economic Partnership Agreement Enters into Force
Read More

Thailand

1 June 2022 Implementation Deadline under the Personal Data Protection Act Fast Approaching

Digital Platforms – New Law may be

Enacted in 2022 Amended Copyright Act to Take Effect on 22 August 2022

New Guidelines on Unfair Trade Practices

New Division of the Civil Court Established for Online Trade Cases




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Vietnam

Government Measures to Assist Economic Recovery under Resolution No. 43/2022/QH15 and Implementing Decree 15/2022/ND-CP: Keynotes and Implications

New Law Amending the Law on Investment, Law on Enterprises, and Seven Other Laws Takes Effect on 1 March 2022

Decree Revising Legal Provisions and Regulations on Real Estate Trading Activities Takes Effect on 1 March 2022
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Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Asia. All Rights Reserved. All trademarks are property of their respective owners.

Rajah & Tann Asia is a network of legal practices based in Asia.

Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client.

This website is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this website.

© 2024 Rajah & Tann Asia. All Rights Reserved. All trademarks are property of their respective owners.