[Photos] Financial and Alternative Investments: Moving towards Financial Liberty

Reading Time: 1 minutesOn the 30th January 2019, Asia Law Network together with Lu International organised a panel discussion on Financial and Alternative Investments. The speakers on Panel One include: Ms Gillian Lee, Head of Business Development and Marketing at Lu International, Mr Benjamin Szeto, Deputy Head of RHTLaw Taylor Wessing’s Private Wealth Industry Group, Mr Steven Liew, […]

Singapore Trade Marks – Monster Energy Company Failed Yet Another Opposition – Monster Energy Company V NBA Properties Inc. [2018] SGIPOS 16

Reading Time: 8 minutesIn a decision rendered by the Intellectual Property Office of Singapore (“IPOS”), it was held that Monster Energy Company had failed in its opposition against NBA Properties Inc. Whilst the energy drink company has spent more than US$2.2 million in marking and promotional activities in Singapore, it has also launched multiple strikes against various different […]

Myanmar: Insolvency Laws in Myanmar

Reading Time: 6 minutesThis article has been published in IBA Banking Law Committee Publications. Insolvency laws in Myanmar Myanmar insolvency legislation is interspersed with and revolves around the Rangoon Insolvency Act 1910 (‘Rangoon Act’), the Burma Insolvency Act 1920 (‘Burma Act’) and the Myanmar Companies Law 2017 (MCL). Like the majority of laws in the country, both the […]

Lost in Translation: A Balancing Act in Southeast Asia

Reading Time: 8 minutesBrand owners with trademarks in English or another home country language who have strong business interests in Southeast Asia often wonder whether they should also protect their brands in local languages within targeted markets. One key factor in considering whether to file trademarks in multiple languages is typically cost. That said, sometimes it is better […]

Regional News Alert: Extra Severance Pay and More Benefits for Employees in Thailand in Early 2019

Reading Time: 5 minutesChanges to Thailand’s Labor Protection Act – What do you need to know? On 13 December 2018, the draft amendment to the Labor Protection Act (LPA) was approved by the National Legislative Assembly and is expected to come into force soon. The legislation was changed to become more favorable for employees throughout 2018 and is […]

Hong Kong: Court orders boiler room fraudsters to compensate investors

Reading Time: 4 minutesIntroduction On 21 December 2018, the Securities and Futures Commission (the “SFC”) succeeded in its actions against boiler room fraudsters, where the Court of First Instance (the “CFI”) ordered such fraudsters to compensate investors who fell victim to the scams, in accordance with section 213 of the Securities and Futures Ordinance (the “SFO”). Background Boiler […]

Guide to transfer shares in a Singapore Private Company

Reading Time: 5 minutesThere may be multiple reasons why people may wish to transfer their shares. They may wish to realise the value of their investment or raise funds for expansion. Nevertheless, it is important to ensure that proper procedures are adhered to so that the transfer will be upheld. In this guide, we will run you through […]

Hong Kong: Who shall bear the burden of proof in cargo damage claims?

Reading Time: 7 minutesIntroduction In a recent case Volcafe v CSAV [2018] UKSC 61, the Supreme Court of the United Kingdom (the “Supreme Court”) discussed for the first time as to who shall bear the burden of proof in cargo damage claims against the shipowner under the Hague Rules. Facts Background The Claimants, who are the cargo owners and bill […]

A Practical Guide: How do I wind up a company limited by shares?

Reading Time: 10 minutesSometimes winding up your company is the only solution There are any number of reasons why a company may need to or will be compelled to dissolve and wind up its operations.  The company could have ceased its business activities, or it could have been the subject of a corporate restructuring exercise or it is […]

Myanmar Legal Alert: The Central Bank of Myanmar Introduces Market-Based Reference Exchange Rate

Reading Time: 2 minutesBy way of recently issued Instruction No. (5 /2019), the Central Bank of Myanmar (“CBM”) has announced that on a daily basis it will begin to publish the Reference Exchange Rate (“RER”) of Myanmar Kyat (“MMK”) to the US Dollar (“USD”). The RER will be based on transactions conducted on foreign exchange markets. The RER […]

Singapore Trade Marks – United U-Li Projects Pte Ltd Succeeds on 2 out of 4 Invalidation Grounds – United U-Li Projects Pte Ltd V Tan Buck Hai [2018] SGIPOS 19

Reading Time: 10 minutesIn a decision rendered by the Intellectual Property Office of Singapore (“IPOS”), it was held that United U-Li Projects Pte Ltd’s application for invalidation succeeded on two out of four grounds pleaded in their case whilst cross-invalidation by Tan Buck Hai was previously dismissed. (A) Who are the parties involved in this case? (a) United […]

Hong Kong Legal Update: What happens when a creditor petitions to wind up a company already subject to an unfair prejudice petition?

Reading Time: 5 minutesIntroduction In a recent Court of First Instance case Li Fu Hua (also known as Denise Li) v Chen Ching Chih (陳清治) and another HCMP 1374/2018, [2018] HKCFI 2786, the court has to deal with the situation where a creditor filed a winding up petition (on ground of insolvency) against a company in respect of which a […]