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

Indonesia Announces New Property Tax Facility Designed to Boost the Economy

As part of its intention to stimulate investment in Indonesia, the Indonesian government through the Ministry of Finance recently announced a series of new property tax facility. The new property tax facility is designed to create a multiplier effect given that the property industry relates to other main industries such as construction, financial, trade, transportation and even the food and beverage industry.

Broadly, the new property tax facility relates to luxury property by imposing an increased limit on the value of luxury property that is subject to Article 22 Income Tax and Luxury-Goods Sales Tax (Pajak Penjualan atas Barang Mewah or PPnBM), and a reduction of the rate of Article 22 Income Tax.

27 Jun 2019 | Indonesia
Singapore International Commercial Court Issues First Judgment on Arbitration
The Singapore International Commercial Court ("SICC") has issued its first judgment dealing with arbitration proceedings. In BXS v BXT [2019] SGHC(I) 10, the SICC faced an application to set aside an arbitral award, as well as an application to strike out the setting aside application on the ground that the three-month time limit had expired. The SICC issued a judgment that confirmed that the three-month time limit was mandatory, and also dealt with whether the SIAC's appointment of a sole arbitrator in expedited proceedings was a grounds for challenge when the parties had agreed to three. The Defendant was successfully represented by Paul Tan, Alessa Pang and David Isidore Tan of Rajah & Tann Singapore LLP on instructions by Allen & Overy.
26 Jun 2019 | Singapore
Decision of Vietnam Competition Council on GrabTaxi – Uber’s deal

On 11 June 2019, the Viet Nam Competition Council (“VCC”) conducted a closed hearing regarding the alleged economic concentration activity of Grab Taxi Company Limited (“GrabTaxi”) and Uber Viet Nam Limited (“Uber Vietnam”). On 17 June 2019, VCC announced Decision No. 26/QD-HDXL, in which VCC determined that the purchase, transfer and receipt of obligations between GrabTaxi and Uber Vietnam did not constitute an act of economic concentration under the Law on Competition.

26 Jun 2019 | Vietnam