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A fresh approach to legal solutions
We talk to Titus Rahiri, director and founder of KorumLegal, about technology, disruption and the future of legal services ...
Recent developments in banking dispute resolution in China
New methods of financing and challenging economic conditions have fuelled new types of disputes ...
Much Ado About Nothing – Ministerial Resolution 972/2017 and Arbitration in Dubai - Horizons & Co
The last few months have been an exceptionally remarkable time for disputes lawyers in Dubai ...
The tourism and hospitality sector 2017 — the year gone by
This year several policy decisions and judicial pronouncements affecting the tourism and hospitality sector were implemented. We have set out below some of the key developments and their effect on the sector ...
The “Good Faith” Principle
Hong Kong Court of Appeal holds that the “Good Faith” Principle is Complementary to the “Choice of Remedies” Principle, Aligning Hong Kong Law with Singapore Law ...
What’s new with Cybersecurity in Singapore?
With the increasing frequency of cyber-attacks, the new Cybersecurity Bill could not have come at a more pertinent time ...
RBI granted powers to act on the resolution of stressed assets
By way of a circular dated May 5, 2017 (Circular), the Reserve Bank of India (RBI) amended the Framework for Revitalising Distressed Assets in the Economy ...
India Update for May 2017
The May 2017 India newsletter from Clasis Law includes an article on “Corporate Compliances: Necessity and Implication”, as well as Banking, Projects, Energy & Natural Resources and IP updates ...
Reshaping the perception of Indian IP law
The past few years have seen plentiful developments in the Indian IP regime. The judiciary has consistently delivered ...
Thailand’s Act on Digital Development for Economy and Society Comes into Force
Thailand has finally enacted the Act on Digital Development for Economy and Society B.E. 2560 (A.D. 2017) (“Digital Development Act”). It was published in the Royal Gazette on 24th January 2017 and has been effective on and from 25th January 2017...
Vietnam Client Alert - November 2015
Vietnam's National Assembly recently passed new laws which affect investments, real estate, employment, use of internet resources and sanctions on administrative violations.
Myanmar Opened its Broadcasting and TV Market
The Broadcasting Law 2015 opens commercial licenses for TV or radio for bidding under an independent supervisory authority. This offers wide opportunities to investors from broadcasting infrastructures to broadcasting services.
China Streamlines Commercial Registration System
Effective 1 October 2015, government authorities will no longer issue organization code certificate or tax registration certificate but consolidate their functions into new version of business license.
China Increases Standards of Reward for Transformation of Scientific and Technological Achievements
The newly revised Law on Promoting the Transformation of Scientific and Technological Achievements of PRC respects any reward agreement and provides default reward standards in the event of no prior mutually agreed reward standards.
Budget 2015 - Canada
The Budget 2015 contains several significant proposals to amend the Income Tax Act while also providing updates on previously announced tax measures and polices. Here are some highlights.
Statutory Registration of Standard Terms and Conditions in Tanzania
All companies doing business in Tanzania should know the salient points of the Standard Form (Consumer Contracts) Regulations 2014 which takes effect on 29 December 2015.
Flurry of New Energy Legislation Proposed in Tanzania
The Tanzanian Government is in the process of a radical overhaul of regulations governing the energy and extractive sector.
Tanzania Bill Establishing the Petroleum Act 2015
Tanzania's proposed Petroleum Act 2015 introduces key changes to the Petroleum Exploration and Production Act 1980 and the Petroleum Act 2008.
Draft Implementation Rule Addresses Vague Issues in the Labor Contract Law
The recent draft Implementation Rule reveals Chinese labor authorities’ efforts to clarify vagueness in the implementation of the Labor Contract Law for the past years.
Cyber Security Law to Tighten Network Operators and Users Supervision
The draft Cyber Security Law aims to strengthen supervision over cyber security. The proposed measures will influence not only network operators directly but also users and all public sectors.
Shanghai's New Immigration Policy to Attract Foreign Talents
The Shanghai Public Security Bureau released the Implementation Rules on Series of Immigration Policies of Shanghai Sci-tech Innovation Center. The article describes the standards for foreigners to be identified as “overseas talents”, the conditions to apply for permanent residence and ...
Draft Law Outlines Dos and Don’ts of Foreign NGOs for the First Time
The second draft of the Law on Administration of Foreign Nongovernmental Organizations was published recently. The Draft Law defines foreign NGOs which refer to non-profitable and nongovernmental social organizations established overseas.
Tanzanian Energy Developments
Summary of the latest industry developments, as well as the country’s political developments, with a special focus on the Ministry of Energy and Minerals (MEM)
India: Latest Legal Updates for May 2015
Insights into the proposed New Land Bill, recent Supreme Court judgment on the principle of the arbitration agreement, proposed enhancement of the pecuniary jurisdiction of the District Courts of Delhi and other legal updates
SAFE New Regulation Promotes Discretionary Settlement of FIEs’ Capital Nationwide
The State Administration of Foreign Exchange (SAFE) released a circular on Reforming the Administration of the Settlement of Foreign Exchange Capital of Foreign-invested Enterprises which further promotes discretionary settlement of foreign investment enterprises’ foreign exchange capital nationwide. The circular take ...
Singapore: a snapshot of employment changes in 2014
The Singapore Parliament has rolled out a number of employment-related legislative changes.
Statutory paternity leave legislation in Hong Kong
From 27 February 2015, male employees in the private sector are entitled to three days’ paternity leave.
Preparation for annual individual income tax declaration for 2014 in PRC
Indivdual taxpayers with an annual income of RMB120,000 or more shall file an annual individual income tax return with the within three months of the beginning of the next year.
Shanghai clarifies labour dispatch rules
The Shanghai Municipal Human Resources and Social Insurance Bureau and Shanghai Superior People’s Court jointly issued the Meeting Minutes on Application of Law on Labour Dispatch on 31 December 2014.
China requires work visa for certain short-term work tasks
As of 1 January 2015, China has further tightened immigration requirements for foreigners coming to China for short term work tasks.
Ship arrest in China - Increased clarity from the Supreme People's Court
The Supreme People's Court of the PRC published the Regulations for Certain Issues Concerning the Application of Law Relating to Arrest and Auction of Ships which took effect on March 1, 2015.
Cabotage and its impact in Indonesia
Indonesia's shipping and offshore marine industry underwent major changes since the introduction of the Maritime Law No. 17 of 2008.
Oil price volatility - global employment issues
Amidst the oil & gas layoffs, the industry has to ensure that it has the manpower skills in place to respond to demand when oil prices recover.
Shanghai Court rules on SHIAC jurisdiction following CIETAC breakaway
Shanghai Court recently ruled SHIAC has jurisdiction on disputes arising from a clause referring the disputes to "CIETAC Shanghai Sub-Commission".
Oil price volatility - risks and opportunities in 2015
The sharp fall in oil prices amid deteriorating sentiment over the global economy has made investors weary of investing in other commodities.
Oil price volatility - legal issues in the E&P sector
With oil prices at their lowest for over five years, E&P companies and the governments of the countries where they conduct their exploration and production activities are now assessing their options.
The Singapore approach to scrutiny of arbitral awards
International arbitration must, out of necessity, rely on the courts to uphold and enforce arbitral awards and to support the arbitral process...
The new CIETAC Arbitration Rules 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.
China’s Supreme People’s Court issues judicial opinion on work-related injuries
The Regulations define the general framework of work-related injury matters, including the scope of work-related injuries, verification of the injury, and obligations and liabilities of employers, amongst other aspects.
China’s plans to accelerate growth of insurance market
State Council's vision on bringing China's insurance industry into the modern age
China’s Supreme People’s Court issues judicial opinion on work-related injuries
As of 1 September 2014, the new judicial opinion of the China's Supreme People’s Court concerning work-related injuries (the “Opinion”) came into force
A watershed in the availability of corporate information in China?
In March 2014, the State Administration for Industry and Commerce launched the National Company Credit Information System (the NCCIS)...
APAC Employment Update
Employment updates from China, India, Japan, Thailand and Mongolia ...
Tanzania: energy market developments
Including: the impact of the August's US-Africa leaders summit; plus, an overview of the power utility giant, TANESCO,and its future in the Tanzanian market
Road infrastructure in Tanzania
The ability of Tanzania to upgrade and improve its road infrastructure will be one of the key factors in whether it can continue the impressive rates of economic growth ...
Tanzania: Impact of foreign exchange regulation amendments
The latest amendments to the foreign exchange regulations have relaxed and in some cases removed restrictions on inward foreign investment in the Dar es Salam Stock Exchange ...
India Update, inc. 'Building India through PPP'
This edition brings a featured article on Public Private Partnerships, as well as key judgements passed by the Hon’ble Supreme Court of India, changes in corporate and commercial matters and case laws in indirect taxation.
Enforceable obligation to be friendly: a new principle of law
A recent judgment from the Commercial Court in London established a new principle of law, in one of the cases brought by Clyde & Co’s dispute resolution team in Dubai ...
Employment law developments across the GCC
a summary of the key employment law developments across the GCC ...
An overview of medical malpractice in the UAE
With an increasing focus on regulation and reforms by local health authorities,there is evidence of a more litigious approach developing in the area of medical malpractice ...
Export Processing and Special Economic Zones in Tanzania
We examine the features and requirements of the EPZ and SEZ frameworks, set-out the differences and comparative advantages of each ...
Draft National Petroleum Policy of Tanzania
A look at the second draft National Petroleum Policy of Tanzania and ongoing energy market developments
Iran – plans for privatisation and reform in power sector
A look at the historical background to Iran’s power industry and how the latest developments will be transforming the way Iran manages this significant sector.
“Good Samaritan” principles in the UAE: legal liabilities when administering first aid
This article discusses whether a Good Samaritan principle is applied in the UAE, both from the perspective of rescuers and safety officers.
UAE Trade Marks Office puts an end to examination reports
On 19 May 2014, the UAE Trade Marks Office announced that it will no longer issue examination reports or grant extensions of time during the trade mark application process ...
Iran’s new Integrated Petroleum Contracts
Iran hosted an “Oil Show” earlier this month in Tehran. According to reports, over 600 foreign companies from 32 countries and over 1,200 Iranian companies attended ...
FDI laws in Libya
A stark reminder of the fluidity of the legal and practical landscape ...
The legal framework of the port sector in Tanzania
The port sector in Tanzania is one of the largest of East and Central Africa, serving Tanzania as well as the neighbouring landlocked countries of Malawi, Zambia, Democratic Republic of Congo, Burundi, Rwanda and Uganda ...
Registration of private sector foreign loans with the Bank of Tanzania
The Bank of Tanzania requires that all foreign loans from the private sector in Tanzania are registered with them. We look at what this registration means in practice.
What investors should know about Mexico’s new Energy Law
A significant step toward permitting private capital to support Mexican oil and gas production ...
Investigating procurement fraud in South and Southeast Asia
Markets in Asia can pose unexpected challenges for companies that rely on fraud mitigation and investigation practices applicable to developed markets. Quite simply, these practices do not work in Asia ...
Tanzania: Prospecting for and mining of radioactive minerals
New uranium mining projects have recently been announced in Tanzania. This briefing looks at the legislative framework surrounding radioactive minerals in Tanzania.
Public private partnerships in Tanzania
PPP's: an update following the Finance Act 2014
2013/14 Global Fraud Report
Kroll’s 2013/14 Global Fraud Report, prepared in conjunction with the Economist Intelligence Unit, surveyed 901 senior executives from around the world. This document includes an overview of the results and a thought piece on what the results mean for businesses globally. (...
The Tanzania Mortgage Refinance Company
This update looks at the development of TMRC to date and the products offered to Tanzanian banks.
The Chinese currency in the international ﬁnancial markets
The rise of Chinese trade in Africa generally and Tanzania speciﬁcally is well known. China – Tanzania trade reached USD 2.5 billion in 2012 ...
Tanzania’s 4th Offshore Licensing Round: Key Terms
The 4th Tanzania Deep Offshore and North Lake Tanganyika Licensing Round was launched in Dar es Salaam on 25 October by President Jakaya Kikwete ...
Tanzania Security Fact Sheet
This month’s Tanzania update is a fact sheet recapping on the types of security available for different asset classes when taking security over corporate borrowers, with a more detailed focus on debentures and mortgages.
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New regulation on conditions for securities investment and business on the Vietnamese securities market
On July 1, 2016, the Vietnamese Government issued Decree No. 86/2016/ND-CP regulating the conditions ...
Finance Special Report 2008
Off the back of an extraordinary year of growth, modest economic expectations in the year to come are the current trend. Asian-Counsel provides a regional overview in addition to special features on Islamic finance in Japan, recent developments in Malaysian ...