Oil price volatility – risks and opportunities in 2015
March 25, 2015
While many companies can weather the oil price slide and volatility, some industry players face a real risk of insolvency.
Cabotage Reforms in Australia
March 25, 2015
Almost three years after the enactment of the Coastal Trading Act, it has failed to revitalise the Australian shipping industry.
India: Union Budget 2015
March 6, 2015
A bullet-point overview of changes in Direct Tax, Indirect Tax and Goods and Service Tax in India in light of Finance Minister Arun Jaitley’s first full-year Budget…
Shanghai Court rules on SHIAC jurisdiction following CIETAC breakaway
February 18, 2015
Shanghai Court recently ruled SHIAC has jurisdiction on disputes arising from a clause referring the disputes to “CIETAC Shanghai Sub-Commission”.
Prohibition against transfer of personal data outside Hong Kong
February 18, 2015
Section 33 of the Personal Data (Privacy) Ordinance (PDPO) prohibits the transfer of personal data to places outside Hong Kong, except in circumstances specified in the PDPO.
Security of payment under FIDIC contracts: more secure, for now
February 18, 2015
The High Court of Singapore recently handed down an important judgment in relation to the enforceability of Dispute Adjudication Board (DAB) decisions under the FIDIC forms of contract.
Oil price volatility – risks and opportunities in 2015
February 18, 2015
The sharp fall in oil prices amid deteriorating sentiment over the global economy has made investors weary of investing in other commodities.
The G20 Global Infrastructure Hub – First steps
February 18, 2015
The G20 has given the Sydney-based Global Infrastructure Hub only a four year mandate to realise its goal of closing the global infrastructure gap.
The $110,000 fine for unauthorised payments for home building work
February 18, 2015
Significant changes made to the laws in New South Wales regarding home building work are worthy of close scrutiny.
KFTC amends the review guidelines on unfair exercise of intellectual property rights
February 10, 2015
On December 17, 2014, the Korea Fair Trade Commission (KFTC) amended the review guidelines on unfair exercise of intellectual property rights (Revised Guidelines), effective December 24, 2014. …
Dismissal for unlawful picketing…too harsh?
February 10, 2015
In October 2014, the Federal Court of Malaysia, in Harianto Effendy Zakaria & Ors v Mahkamah Perusahaan Malaysia & Anor, [2014] 6 MLJ 305, upheld the dismissal of nine former bank employees by …
UAE Competition Law – Executive Regulations now published
February 10, 2015
The executive regulations (Regulations) in relation to the UAE competition law came into force on October 27, 2014. This article examines some practical implications of the merger control provisions. …
Enterprise Law 2014 – an institutional breakthrough for Vietnam’s economy
February 10, 2015
On November 26, 2014, the same promulgation day of Investment Law 2014, the National Assembly of Vietnam promulgated a new enterprise law with many positive new regulations and meaningful …
Food export regulations and licences
February 10, 2015
Export activities in Indonesia can be carried out by individuals, institutions and business entities. Export goods are classified as free export goods, which are goods that have no restrictions or prohibitions on …
Insurance Laws (Amendment) Bill passed as ordinance in India
February 10, 2015
The long-awaited Insurance Laws (Amendment) Bill (the Bill) has become a provisional law in India. The Bill, which could not be passed in Parliament in its winter session, was promulgated by the President …
Oil price volatility – risks and opportunities in 2015
January 27, 2015
The crash of world oil prices can create great pressure for principals and suppliers to take a commercial decision to walk away from contracts as a result of market conditions. Should a party find themselves facing a contractual termination issue, there are some basic points to consider which may help to put you in the best position possible.
New era of supervision of Australian private health insurers
January 27, 2015
If enacted, the proposed Private Health Insurance Act 2015 will empower Australian Prudential Regulation Authority to administer the prudential regulation of the private health insurance industry in Australia and the provisions of the Private Health Insurance Act 2007 relating to the establishment, functions and responsibilities of Private Health Insurance Administration Council will be repealed.
Insurance Laws (Amendment) Bill passed as Ordinance in India
January 27, 2015
The long-awaited Insurance Laws (Amendment) Bill has become a provisional law in India. The Bill amends the Insurance Act (1938), the General Insurance Business (Naturalisation) Act (1972), and the Insurance Regulatory and Development Act (1999).
The Singapore approach to scrutiny of arbitral awards
January 21, 2015
International arbitration must, out of necessity, rely on the courts to uphold and enforce arbitral awards and to support the arbitral process…
SICC: now open for business
January 21, 2015
On Monday 5 January 2015, the Singapore International Commercial Court (“SICC”) was officially opened…
The beginning of the end for mass distribution
January 8, 2015
Increased regulatory pressure is making the traditional mass agency distribution model less attractive for agents and insurers, leading to a drastic change in distribution channels for consumer policies.
Australian insurers drive into China
January 8, 2015
China has committed to allow Australian insurance providers access to China’s lucrative statutory third-party liability motor vehicle insurance market.
Bills passed paving way for Singapore International Commercial Court
January 8, 2015
Lion City has proposed the establishment of the Singapore International Commercial Court in order to deal with cross-border disputes …
NSWales Gov’t takes aim at subcontractor retention monies and announces SOPA overhaul
January 8, 2015
Not only has the NSW Government announced the “ground-breaking” creation of a cash retention trust scheme for “the protection of subcontractors”, but we have also been told to expect in 2015 a full review of the Building and Construction Industry Security of Payment Act 1999 (SOPA).
Dealing with Big Data cause headaches for Australian companies
January 8, 2015
Under a revised privacy regime, the Australian Privacy Commissioner has a range of increased powers. Businesses need to ensure that systems and procedures are up to scratch and compliant with the new rules.
The new CIETAC Arbitration Rules 2015
January 8, 2015
The New Rules adopt both best practices and the latest developments in international commercial arbitration and accommodate the increasing needs of the parties arbitrating at CIETAC.