eOasis is Rajah & Tann Asia’s legal publications portal, where you can view updates on the latest key legal and regulatory developments in Asia, prepared from a practitioner's viewpoint.
What's New on eOASIS
The Variable Capital Companies (Miscellaneous Amendments) Act ("VCCMA Act"), which seeks to amend the Income Tax Act, the Goods and Services Tax Act and the Stamp Duties Act to provide for the tax treatment for VCCs, partially came into force on 15 January 2020. The provisions in the VCCMA Act that will amend the insolvency provisions in the VCC Act have yet to come into force.
This Client Update provides an overview of a VCC's features and compliance requirements with reference to the VCC Act, its subsidiary legislation, and the VCCMA Act. 17 Jan 2020 | Singapore
A New Era of Foreign Investment Regulatory Regime in China: State Council of China Issues Implementation Regulation of Foreign Investment Law
Further to the new PRC Foreign Investment Law ("Foreign Investment Law") which was passed on 15 March 2019 and has come into effect since 1 January 2020, the State Council of China promulgated the Regulation on Implementation of the Foreign Investment Law (中华人民共和国外商投资法实施条例, the "Implementation Regulation") on 31 December 2019, which has also come into effect since 1 January 2020. We set out in this Update some salient points of the Implementation Regulation.
17 Jan 2020 | Singapore
On 10 January 2020, the Ministry of Mines and Energy ("MME") issued Announcement No. 001 ME.DIM.SCN on the Opening for Application for Mineral Exploration License of the Concession Areas ("Announcement"). The MME welcomes Cambodian or foreign legal entities to bid for mineral exploration license in the eight new concession areas identified in the Announcement.16 Jan 2020 | Cambodia Update takes a look at the parts of the Act which have come into force, as well as the timeline for the implementation of the remainder of the Act. 09 Jan 2020 | Singapore