Reading Time: 4 minutesWhat are the HR incentives granted by the BOI to investors who contribute to human resource development? The Thai government is active in pursuing industrial and technology development in the eastern seaboard region under the umbrella of the Eastern Economic Corridor (EEC). The promoted territory initially comprises three provinces, namely Chachoengsao, Chonburi, and Rayong. Economic […]
Cambodia Legal Alert: Certain Foreign Organizations and Agencies Exempt From Implementation of Prakas 442 and 443
Reading Time: 2 minutesFollowing the issuance of Prakas 442 on the Payment of Wages dated 21 September 2018 and Prakas 443 on Seniority Payments dated 21 September 2018, the ministry of Labour and Vocational Training (“MLVT”) issued official Guideliens 044/19 on the Implementation of Prakas 442 and 443 for Personnel of Foreign Missions, Agencies of the United Nations […]
Parties to arbitration in Hong Kong can apply for interim measures in Mainland China
Reading Time: 3 minutesBackground Under the Hong Kong’s existing Arbitration Ordinance (Cap. 609), the parties to arbitral proceedings in other places, including Mainland China, may apply to the courts of Hong Kong for interim measures. However, under the Arbitration Law and Civil Procedure Law of Mainland China, only parties to arbitrations seated in Mainland China and administered by […]
INDONESIA: Inter-State Letters Rogatory and Delivery of Court Documents
Reading Time: 2 minutesOn 20 February 2018, the Supreme Court and Ministry of Foreign Affairs (“MFA”) concluded a Memorandum of Understanding regarding the Handling of Requests for Technical Assistance in Civil Matters (“2018 MOU”). This new MOU replaces the previous MOU signed on 13 February 2013 (“2013 MOU”). Unlike the 2013 MOU, the 2018 MOU is supported with […]
HONG KONG: Can an internal non-legal representative of a litigant be a member to a confidentiality ring?
Reading Time: 4 minutesIntroduction Taching Petroleum Company Limited (“Taching”) and Shell Hong Kong Limited (“Shell”) have respectively sold industrial diesel oil to Meyer Aluminium Limited (“Meyer”) and sue for the diesel oil purchase price. In its defence, Meyer argued that Taching and Shell have colluded to fix the price or exchanged price information in breach of the First […]
INDONESIA: Digital Financial Innovation Regulation – New Era of a Dynamic Digital Economy
Reading Time: 4 minutesIn order to support innovations in the financial technology sector at its current expeditious pace, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) has implemented a ground-breaking regulatory policy through OJK Regulation No. 13/POJK.02/2018 concerning Digital Financial Innovation in the Financial Services Sector (“OJK Regulation 13/2018”). This long-awaited regulation aims to provide a regulatory corridor […]
Indonesia: Churchill Mining PLC v. Republic of Indonesia: ICSID Annulment Committee’s Decision Favors Indonesia
Reading Time: 4 minutesBACKGROUND On 18 March 2019, in the case of Churchill Mining Plc And Planet Mining Pty Ltd v Republic Of Indonesia, the ICSID Annulment Committee (“Committee”) has dismissed Churchill Mining PLC and Planet Mining PTY LTD’s[1] (“Applicants”) application to annul the award rendered on 6 December 2016. The dispute arose due to the revocation of […]
HONG KONG: HKEx’s censure of Golden Meditech and censure/criticism of various directors
Reading Time: 6 minutesIntroduction The Stock Exchange of Hong Kong Limited censured Golden Meditech Holdings Limited (the “Company”) (stock code: 801) and a number of its current and former directors for committing numerous serious breaches of the Listing Rules in relation to the disclosure and shareholders’ approval requirements as well as the directors’ ability and the failure to […]
Vietnam Legal Update: Additional Permitted Cases on the Use of Foreign Currency in the Territory of Vietnam
Reading Time: 2 minutesIt is Circular No. 03/2019/TT-NHNN dated 29 March 2019 (“Circular 03”) due to amend Circular 32/2013/TT-NHNN dated 26 December 2013 (“Circular 32”), the State Bank of Vietnam relaxes the restrictions on the use of foreign currency in Vietnam. Principle of restriction on use of foreign currency in Vietnam Under Circular 32, except for 16 limitative […]
Myanmar Tax Update: The Ministry of Planning and Finance Removes 2% Advance Income Tax Exemption on Exports for Taxpayers Under the LTO and MTO1
Reading Time: 2 minutesThe Myanmar Ministry of Planning and Finance (“MOPF”) recently issued Notification 38/2019 dated 8 April 2019 removing the 2% advance income tax exemption on exports previously granted to taxpayers under the Large Taxpayers Office (“LTO”) and Medium Taxpayers Office No. 1 (“MTO 1”) effective from 1 May 2019. The 2% advance income tax was introduced […]
香港：工作场所的性骚扰──雇主为何应关注？
Reading Time: 1 minutes于2015年7月29日，平等机会委员会（「平机会」）公布，已根据《性别歧视条例》（「该条例」）在区域法院代表一名女士（「申索人」）向其前雇主（「雇主」）提出法律诉讼，追究雇主：(i) 须就其雇员作出的非法性骚扰行为负上转承责任；及 (2) 由于申索人提出性骚扰投诉（「该案件」）而令她遭到受害歧视。
Vietnam Legal Update: New Rules Governing Investment in Vocational Education
Reading Time: 4 minutesThe Government of Vietnam’s Decree 15/2019/ND-CP dated 1 February 2019 detailing the regulations and measures for implementing the Law on Vocational Education (“Decree 15”) replaces Decree 48/2015/ND-CP detailing the regulations for the Law on Vocational Education (“Decree 48”). Decree 15 took effect on 20 March 2019 and introduces major differences with the requirements previously required […]