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Cambodia Tax Alert: Interest Rate Update/Transfer Pricing
Business,Cambodia,Regional Law,Taxation

Reading Time: 3 minutesMarket rates On 13 March 2019, the General Department of Taxation (“GDT”) released Notification 4630, which provides the “market rates” for determining the caps on interest rate deductions for loans that had been entered into using Khmer Riel (“KHR”) and United States Dollars (“USD”) in the 2018 financial year. The “market rates” for 2018 are as […]

How do I set up a register of controllers for my business?
Business,Business Advice

Reading Time: 5 minutesIf you run a Company, Foreign Company, or a Limited Liability Partnership (“LLP”), you are required to set up a Register of Controllers. This is in accordance with the new requirement that was introduced on 31 March 2017 by the Accounting and Corporate Regulatory Authority (“ACRA”). ACRA subsequently issued and revised the ACRA Guidance on […]

Hong Kong: Mutual recognition of funds between Luxembourg and Hong Kong
Business,Funding,Hong Kong,Regional Law

Reading Time: 5 minutesIntroduction The Securities and Futures Commission (“SFC”) from Hong Kong and the Commission de Surveillance du Secteur Financier (“CSSF”) from Luxembourg have entered into a Memorandum of Understanding (“MoU”) on Mutual Recognition of Funds (“MRF”) on 15 January 2019, which will allow eligible Hong Kong public funds and Luxembourg UCITS fund (a collective investment scheme […]

Lawyer feature with Jasmine Toh from Taylor Vinters Via
Features,Lawyer Features

Reading Time: 5 minutesHaving been a corporate communications practitioner for 6-7 years, Jasmine intrigued us with this bold mid career move to become a lawyer. Imagine our delight when Jasmine agreed to share with us her motivations and journey! After graduating from the Singapore Management University (with magna cum laude) and completing Part B of the Singapore Bar […]

Vietnam Legal Alert: New Regulations Further Restrict the Scope of Local Lending in Foreign Currency
Business,Regional Law,Vietnam

Reading Time: 2 minutesThe State Bank of Vietnam (the “SBV”) issued Circular No. 42/2018/TT-NHNN dated 28 December 2018 (“Circular 42”) that amends and supplements specific articles of Circular No. 24/2015/TT-NHNN of the SBV dated 8 December 2015 (“Circular 24”) regulating lending in foreign currencies to resident borrowers by credit institutions and foreign bank branches established and operating in […]

Social Media and Your Business: Formidable Weapon or Uncontrollable Scourge?
Business,Business Advice,Competition Law,Employment

Reading Time: 5 minutesA Double Whammy of Suspensions and Fines In a media release dated 24 January 2019, the Monetary Authority of Singapore (MAS) announced that it had issued a warning to a company which breached securities laws pertaining to an offer of digital securities tokens[1]. Following the warning, the proposed offering has been indefinitely suspended. Interestingly, the […]

Vietnam Legal Update: Proposed New Solar Feed-In-Tariff
Alternative Energy,Business,Business Advice,Legal Updates,Regional Law,Vietnam

Reading Time: 4 minutesOn 22 February 2019, the Ministry of Industry and Trade of Vietnam (the “MOIT”) publicized a draft Decision (the “Draft Decision”) that will replace Decision No. 11/2017/QD-TTg issued by the Prime Minister of Vietnam dated 11 April 2017 ( “Decision 11”) on mechanisms to encourage the development of solar power projects in Vietnam. The Draft […]

Intellectual Property News: Cicada Cube Pte Ltd V National University Hospital (Singapore) Pte Ltd
Business,Intellectual Property,Legal Updates

Reading Time: 8 minutesIn a decision rendered by Singapore’s Court of Appeal, the highest court in Singapore clarified the position for joint ownership in contested patents. (A) Who are the parties involved in this case? (a) Cicada Cube Pte Ltd (“Appellant”, also referred to as Cicada) Cicada is a Singapore-incorporated software engineering company and is the registered proprietor of the […]

Hong Kong: Amendments to an employment contract – whether there is “real benefit” to an employer
Business,Business Advice,Employment,Hong Kong,Regional Law

Reading Time: 4 minutesIntroduction In our previous newsletter “Amendments to an Employment Contract Must Be Supported by Fresh Consideration” (September 2017), we discussed the ruling of the Court of First Instance (“CFI”) in Wu Kit Man v Dragonway Group Holdings Limited HCLA 15/2016, where the CFI held that amendments to an existing employment contract were unenforceable due to lack of […]

Hong Kong: The Competition Tribunal refuses last-minute application to amend pleadings two months before trial
Business,Competition Law,Hong Kong,Regional Law

Reading Time: 4 minutesIntroduction In Competition Commission v Wing Hing Construction Co Ltd [2018] HKCT 6, the Competition Tribunal refuses a respondent’s application to amend its Response and file new witness statements in substitution for a statement already filed. Factual background In these proceedings, the respondents were contractors appointed from a reference list of the Hong Kong Housing Authority to […]

What do you need to know when registering your domain name?
Business,Business Advice

Reading Time: 5 minutesDomain names are an extremely important opportunity for companies to reserve rights to their name beyond the physical retail space. As the importance of physical retail is wanes in place of ecommerce, domain names are crucial to any business’ visibility, given their ability to direct anyone in the world to their website. Owning a domain […]

Personal

Social Media and Your Business: Formidable Weapon or Uncontrollable Scourge?

Reading Time: 5 minutesA Double Whammy of Suspensions and Fines In a media release dated 24 January 2019, the Monetary Authority of Singapore (MAS) announced that it had issued a warning to a company which breached securities laws pertaining to an offer of digital securities tokens[1]. Following the warning, the proposed offering has been indefinitely suspended. Interestingly, the […]

Business

Cambodia Tax Alert: Interest Rate Update/Transfer Pricing

Reading Time: 3 minutesMarket rates On 13 March 2019, the General Department of Taxation (“GDT”) released Notification 4630, which provides the “market rates” for determining the caps on interest rate deductions for loans that had been entered into using Khmer Riel (“KHR”) and United States Dollars (“USD”) in the 2018 financial year. The “market rates” for 2018 are as […]

Gabriel The

Gabriel The (pronounced TAY) is passionate about building a mission-driven company with a clear and focused goal to make significant impact in people’s lives. He runs marketing at AsiaLawNetwork and also leads content strategy.

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