SCAM ALERT!

Year in review 2023 →

SCAM ALERT!

Year in review 2023 →

Regional Round-up
Issue 2 of 2023

Your Snapshot of Key Legal Developments in Asia

ISSUE 2 - APR/MAY/JUN 2023

Cover Story

INDONESIA

New Regulations Relax Criteria for Foreign-to-Foreign Merger and Charge Filing Fees for Merger Notification

The Indonesia Competition Commission (“KPPU“) has introduced a new merger control regulation, KPPU Regulation No. 3 of 2023 on the Assessment of Merger, Consolidation, or Acquisition of Shares and/or Asset that could Result in Monopolistic and/or Unfair Business Competition Practices (“New Merger Regulation“), which came into effect on 31 March 2023.

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rEGIONAL ROUND-UP

2024

2023

2022

2021

Cambodia

New Law on Taxation

Singapore and Cambodia Sign Memorandum of Understanding for Carbon Credits Cooperation

Government's Support Measures for the Development of Construction and Borey

National Commercial Arbitration Centre Adopts Mediation Rules
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China

China Issues Foreign Relations Law

China Issues First Edition of Guidelines for the Filing of Standard Contracts for Cross-border Transfer of Personal Information

China Amends its Counter-Espionage Law

Singapore and Shanghai Reaffirm Strong Ties and Broader Cooperation with 14 MOUs
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Indonesia

Resolving Construction Disputes through Dispute Adjudication Boards under Indonesia Law

BUMN Omnibus Regulations Highlight Special Assignment and Environmental Social Responsibility Programmes

How KPPU's New Guidelines Use Data and Quantitative Approach to Enforce Antitrust Measures
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Laos

Decision on Debt and Asset Management Companies

Instruction on Notification of Recognition and Request for Permission to Conduct Electronic Commerce Business

Decision on Trademarks


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Malaysia

Antitrust Developments in Malaysia

Additional Requirements under Revised Policy Document on Risk Management in Technology (RMiT)

High Court Rules that DGIR is under a Duty to Give Reasons for Imposing Additional Taxes on Taxpayers

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Myanmar

Custom Department Reduces Customs Duty on SKD and CKD Vehicles

Issuance of New Exporter and Importer Registration Procedures

Use of E-Tax Registration System

Ministry of Education Introduces the new Private Education Law
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Philippines

IPOPHL Temporarily Suspends Strict Implementation of Rules on Payment of Filing Fee and 1st Publication Fee for Patents, Utility Models, and Industrial Designs

The Philippines and Hong Kong Sign Memorandum of Understanding on Personal Data Protection

NPC Signs Memorandum of Understanding with Leading Telcos to Strengthen Data Privacy and Protection
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Singapore

Court Grants Extension of Moratoria and Sealing of Documents in Restructuring of Cryptocurrency Business

Singapore Conducts World's First Live Electronic Transferable Record Cross-Border Trade

Singapore and Cambodia Sign Memorandum of Understanding for Carbon Credits Cooperation

Singapore and Shanghai Reaffirm Strong Ties and Broader Cooperation with 14 MOUs
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Thailand

Digital Platform Service Providers – Decree Takes Effect on 19 August 2023

New Private Placement (PP) Rules for Listed Companies in Thailand

Board of Investment Introduces Additional Criteria and Conditions for Granting Land Ownership Rights to Foreign Entities



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Vietnam

Issuance of Power Development Plan VIII

Decree 21/2023/ND-CP on Microinsurance

Decree 19/2023/ND-CP Guiding the Law on Anti-Money Laundering

Decree 17/2023/ND-CP Guiding a Number of Articles and Measures on the Implementation of the Law on Intellectual Property Regarding Copyright and Related Rights
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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.