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 …
Hong Kong law firm celebrates silver anniversary
February 5, 2015
Law firm Skadden’s Hong Kong branch recently celebrated 25 years in the jurisdiction. Head of
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to the establishment, functions and responsibilities of Private Health Insurance Administration Council will be repealed.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…
Maritime law in Asia Pacific: an update
January 15, 2015
Last month, Hong Kong had its third annual arbitration week, shedding light on its approach
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.