The impact of General Data Protection Regulations on Indian companies
June 13, 2018
Extraterritorial applicability of GDPR makes it clear that these regulations will be applicable regardless of whether the processing takes place in EU or not.
New ultimate beneficial ownership disclosure requirements: An important step in combating financial crime in Indonesia
June 13, 2018
The requirement will strengthen and amplify the anti-corruption, anti-money laundering, anti-tax avoidance/evasion and anti-monopolism efforts.
Structuring a joint venture arrangement based on musharakah mutanaqisah
June 13, 2018
Parties that wish to form a joint venture in accordance with the principles of Shariah may consider forming such a venture based on the musharakah mutanaqisah concept.
Impact of the amendment of the Legal Guarantee of Stability in respect of existing mining projects in the DRC
June 13, 2018
The Government of the Democratic Republic of Congo (DRC) commenced the review process in respect of its Act No. 007/2002 of July 11, 2002 on Mining Code (Mining Code) in 2012. The process eventually culminated in the promulgation by the President of the Republic of the Act Amending the Mining Code (Amending Act) …
Guidelines for food safety rules further streamlining administrative procedures
June 13, 2018
On February 2, 2018, the government promulgated Decree No. 15/2018/ND-CP guiding some articles of the Law on Food Safety 2010 (Decree 15) …
Asian-mena Counsel (interactive edition): Counsels of the Year Awards, Legal Salary Survey Results, IP in China, eMoney in Indonesia and more
June 11, 2018
Asian-mena Counsel June 2018 Counsels of the Year Awards v15i8 The In-House Community shared a celebratory evening in Hong Kong with the winners of our Counsels of the Year awards and we present photographs from the event and a write-up in this month’s issue. We also present the 12th Market Update and Salary Guide 2018 for the in-house legal and compliance sector, in partnership with Taylor Root. Our Jurisdiction Updates for the issue are: AFRICA: Impact of the amendment of the Legal Guarantee of Stability in respect of existing mining projects in the DRC By Emery Mukendi Wafwana of Lex Africa INDIA: The impact of General Data Protection Regulations on Indian companies By Priyanka Anand and Vasudha Luniya of Clasis Law MALAYSIA: Structuring a joint venture arrangement based on musharakah mutanaqisah By Ahmad Syahir Yahya, Azmi & Associates PHILIPPINES: Much EndO about nothing By Neptali B Salvanera of ACCRA Law Offices SOUTH KOREA: “Fat finger” mistakes in the Korean stock market By Yang Weon Jae of Lee International VIETNAM: Guidelines for food safety rules further streamlining administrative procedures By Dao Thi Bich Tram of Indochine Counsel In our Investigative Intelligence section, Budi Santoso of Kroll explains how new ultimate beneficial ownership disclosure requirements in Indonesia represent an important step in addressing a problem that has haunted the country for decades. This month’s In-House Insights features Hani Abosamra Abdelrasoul, associate general counsel for the Middle East and Africa at Shelf Drilling, discussing the changing role of in-house counsel and the effect of technology on the profession. Special features in this month’s issue cover off-plan sales in Dubai, written by Afridi & Angell and Better Homes; China’s progress on intellectual property rights, by AWA Asia; and Bank Indonesia’s new e-money regulation, by MKK. In the Briefing section, along with the latest moves and jobs, we take a closer look at Huya’s New York IPO and review our latest events in Jakarta and Ho Chi Minh City. We hope you enjoy the issue.
KWM targets Greater Bay Area with international centre
June 6, 2018
King & Wood Mallesons is getting on board with China’s plan to integrate Hong Kong, Macau and nine cities in Guangdong.
ONGC vs Sime Darby consortium
June 6, 2018
An unsuccessful party cannot possibly apply for interim relief in aid of what it lost before the arbitral tribunal.
Reed Smith launches “innovation hours” to encourage new ideas
May 30, 2018
The scheme follows a successful pilot that saw attorneys across the firm devoting hundreds of hours to six projects in 2017.
The Fugitive Economic Offenders Bill 2018
May 30, 2018
The bill aims to provide an effective, expeditious and constitutionally permissible deterrent to ensure that such actions are curbed.
Something old, something new: Canada’s proposed Impact Assessment Act
May 30, 2018
The federal government recently proposed sweeping changes to Canada’s environmental legislation, including the environmental assessment process for major projects in Canada.
Joint Venture Guidelines of the Philippine Reclamation Authority
May 30, 2018
The Guidelines govern all JVAs formed for the development and disposition of PRA’s existing properties and projects.
The TRAIN in the eyes of the DOF and BIR
May 25, 2018
Government bodies diverge in their interpretation of the Tax Reform for Acceleration and Inclusion Act.
Understanding The Maharashtra Shops And Establishments Rules 2018
May 23, 2018
The Act regulates the employer–employee relationship and service conditions such as hours of work, payment of wages, overtime, leave, holidays, etc.
The UAE Federal Arbitration Law: A First Look
May 23, 2018
The approval of the long-awaited law by the Federal National Council was announced in March this year.
Does your non-competition clause really protect you?
May 23, 2018
Or does it merely offer the illusion of protection? What you need to know about the validity and enforceability of a non-competition clause.
The Philippine Anti-Money Laundering Commission extends compliance requirement
May 23, 2018
Jewellery dealers, dealers in precious metals and dealers in precious stones are now deemed covered persons.
Supreme Court gives clarity on Section 26 of the Arbitration and Conciliation (Amendment) Act, 2015
May 16, 2018
In Board of Control for Cricket in India vs Kochi Cricket, the Supreme Court has clarified some issues surrounding the Act.
Leasing of residential buildings − A contract-controlled business
May 16, 2018
The Contract Committee of The Consumer Protection Board recently announced a new Notification which designates the lease of residential property as a “contract-controlled business”.
Liability of directors for a company’s breach of contract
May 16, 2018
The question of when a director may be held liable for directing a company’s breach of contract has significant ramifications for companies and their directors.
Legal reforms in Abu Dhabi
May 16, 2018
Abu Dhabi has introduced new rules governing the functioning of the Emirate’s judiciary.
In-House Community Counsels of the Year 2018
May 11, 2018
In-House Community named NetApp’s Valerie Velasco as its In-House Counsel of the Year at its annual awards dinner last night.
Re-registration of Chinese patents in Cambodia
May 9, 2018
It is now possible to protect Chinese patents in Cambodia through a fast and simplified re-registration procedure.
Guidelines on cost awards for SICC cases
May 9, 2018
The Singapore International Commercial Court passed a significant ruling in CPIT Investments v Qilin World Capital.
Delhi High Court resolves uncertainty between two conflicting clauses in contracts
May 9, 2018
The settled principle of contra proferentem has been re-affirmed by the Court in a case involving Delhi Metro Rail and Voestalpine.
In-House Community thought-leader Evangelos Apostolou joins global legal recruiter
May 9, 2018
He will focus on recruiting in-house general counsel and providing expert advisory services to corporations.
Mozambique is addressing economic reform in a big way in 2018
May 3, 2018
Significant strides in Mozambique’s legislation and policies could see a rapid turnaround in the country’s economic situation. In 2016, inflation peaked at 26 percent …
Peangpanor Boonklum, PTT
May 3, 2018
One of the most prominent corporate lawyers in Thailand, PTT’s head of legal spoke to the In-House Community’s Tim Gilkison …
Deals of the Year 2017
May 3, 2018
Asia-Mena Counsel’s review of the top transactions and matters that closed during 2017…
Will law firms become software companies?
May 2, 2018
In 2011, Marc Andreessen, the co-founder of Netscape, wrote the widely acclaimed essay ‘Why Software is Eating the World’ …
Enforceability of IDERA in India
May 2, 2018
India should expeditiously implement all the provisions of CTC in order to make Indian aviation industry more attractive for foreign financiers.
Legal process on transfer of domicile
May 2, 2018
When a company has decided that a transfer of domicile to another jurisdiction would be to its advantage, there will need to be certain procedures to be completed in its original jurisdiction prior to the transfer process in the new jurisdiction.