Reading Time: 2 minutesOn 4 June 2019, the Financial Regulatory Department (“FRD”) issued a letter (“Letter”) directing International Non-Governmental Organizations (“INGOs”) and Non-Governmental Organizations (“NGOs”) which carry out microfinance activities to register as companies and re-apply for Microfinance Business Operation Licenses (“MFBOL”). The FRD had previously issued MFBOLs to 3 INGO groups, 16 NGO groups, 47 foreign companies, […]
Reading Time: 2 minutesAmong recent developments happening in the banking and finance sector, the Microfinance Business Supervisory Committee (“MBSC”) issued Directive 1/2019 (the “Directive”). This Directive lays down a new set of interest rates which shall be followed by all microfinance institutions operating in Myanmar. Under the new Directive, the interest rate for microfinance loans shall be charged […]
Reading Time: 6 minutesIntroduction On 17 May 2019, the Competition Tribunal (the “Tribunal”) handed down two decisions for the enforcements actions initiated by the Competition Commission (the “Commission”), comprising Competition Commission v Nutanix Hong Kong Limited and Others [2019] HKCT 2 and Competition Commission v W. Hing Construction Company Limited and Others [2019] HKCT 3. Both cases involved breach of the first […]
Reading Time: 1 minutes分划（partition）是终止物业共有权（co-ownership）的其中一种方法，令每名共有人（co-owner）成为其获分配之土地财产的唯一业主。这与联权共有权（joint tenancy）的划分不同，后者只会令共有人变成分权共有人（tenants in common），但仍然共同拥有物业。分划可以透过自愿签立契据进行；如共有人之间无法达成共识，则可根据香港法例第352章《分划条例》（「该条例」）提出诉讼，要求分划或出售物业。
Reading Time: 5 minutesIntroduction In Moody’s Investors Service Hong Kong Ltd v Securities and Futures Commission (SFC) [2018] HKCFA 42, the Court of Final Appeal (“CFA”) dismissed an appeal brought by Moody’s Investors Service Hong Kong Ltd (“Moody’s”) in relation to SFC’s disciplinary action concerning a report entitled “Red Flags for Emerging-Market Companies: A Focus on China” (the “Report”). We […]
Reading Time: 3 minutesRecently, the Ministry of Planning and Investment of Vietnam published a draft of Law on Public-Private Partnership (the “Draft PPP Law”). The Draft PPP Law is expected to be submitted to the Government during the 8th Session of Legislature XIV for consideration, with potential passage during the 9th Session of Legislature XIV. The current public-private […]
Reading Time: 4 minutesJointly organised by Asia Law Network together with the Law Society of Singapore, the Singapore Corporate Counsel Association and our Australian Counterparts, AlphaCreates and ASEAN Legal Tech Association, the Insider Guide to Legal in Singapore saw Anthony as one of the delegates who came by Singapore for the event. We had the chance to speak to Connor […]
Reading Time: 5 minutesIntroduction In the recent case of Yeung Lai Ping v Secretary for Justice [2019] HKCFI 881, the government has been ordered to pay nearly HK$21 million in compensation to a former dental officer, who had to retire from civil service nearly 20 years ago, after she suffered severe injuries to her right wrist due to excessive workload. […]
Reading Time: 1 minutes人身伤亡是指一个人未有以合理的谨慎方式对待另一个人而造成的一种民事过失，往往涉及疏忽。人身伤亡有时指身体上的损伤，但这里也指心理上的伤害，例如，受害人可能因交通意外而患上创伤后压力症（PTSD）。
人身伤亡受害人可追讨的赔偿类别各有不同。有些人慢性受伤，例如患上长期痛症，而有些人则可能被迫改变日常生活或工作，甚至失去工作。常见的索偿类别包括疼痛、痛苦与丧失生活乐趣、收入损失、丧失赚取收入的能力、因意外而招致的医疗及其他开支。
Reading Time: 2 minutesOur Tax Team wishes to remind you of the fast-approaching deadline for submission of your annual Corporate Income Tax (“CIT”) return, annual Commercial Tax (“CT”) return, and annual Personal Income Tax (“PIT”) Salary Statement. For Myanmar taxpayers who follow the financial year ending 31 March 2019 (“FY 18-19”), all annual tax returns must be submitted […]
Reading Time: 6 minutesIntroduction Previously in “Can an Employer Consider an Employee’s Work Performance in Deciding Whether to Pay Contract-end Gratuity to the Employee?”, the application of a contractual term in relation to whether gratuity payment can be subject to the employer’s opinion of an employee’s “satisfactory completion” of an employment contract is discussed in light of the […]
Reading Time: 2 minutesAsia Law Network together with the Law Society of Singapore, the Singapore Corporate Counsel Association and our Australian Counterparts, AlphaCreates and ASEAN Legal Tech Association, co-hosted the 2-day event which saw lawyers from Singapore and within the region visiting some of Singapore‘s companies and law firms to exchange ideas, share progress and fostered relationships between countries. The third roundtable […]
