Legal Updates

Legal Updates for Dec - 2017

Recent Legal Developments in Vietnam

This update provides an overview of the key legal developments in Vietnam including updates on the recall and treatment of discarded products, betting business, manufacture and maintenance of motor vehicles, and casino business. 

29 Dec 2017 | Vietnam

New SIA Building Contract 2016 (Lump Sum)
In this Update, we turn our eye on domestic standard forms and discuss the Singapore Institute of Architects' launch of a new suite of contracts known as the SIA Building Contracts 2016. This is a suite of 6 contracts, the Lump Sum Contract, the Design & Build Contract, the Subcontract and their respective international versions. We highlight a number of key changes to the SIA Building Contract 2016 (Lump Sum) since the previous 9th Edition and discuss the differences between the domestic version and international version.
28 Dec 2017 | Singapore

CCS Consults on Proposed Amendments to the Competition Act
On 21 December 2017, the Competition Commission of Singapore ("CCS") issued a three-week public consultation on its proposed amendments to the Competition Act (Cap. 50B) (the "Act"). The proposed amendments have been introduced on the back of the CCS’s practical experience in enforcing the Act, and aims to align the CCS’s practices with international best practice. This Update provides a summary of the proposed amendments to the Act, followed by our comments on the same.
28 Dec 2017 | Singapore

CCS Publishes Findings of Retail Petrol Market Inquiry
On 19 December 2017, the Competition Commission of Singapore ("CCS") published its findings from the second market study inquiry that it had conducted on the Singapore retail petrol market. From the inquiry, the CCS found no evidence of collusion between Singapore petrol retailers, but considered that there was room to increase competition in the market. In particular, the CCS took the view that that there is a need to increase consumer awareness in order to enable them to make informed petrol purchasing decisions.
26 Dec 2017 | Singapore

Intellectual Property Case Updates – Malaysia

This issue of Intellectual Property Case Updates provides case notes on two recent Malaysian intellectual property cases.

In Low Chi Yong (trading as Reynox Fertichem Industries) v Low Chi Hong Anor, the Federal Court found the former licensees of a trade mark liable for trade mark infringement after the trade mark owner had withdrawn its consent to use the trade mark.

In another case, Kerajaan Malaysia & Ors v Then See Nyuk & Anor, the Court of Appeal overturned an award for damages in connection with the execution of a search and seizure warrant under Copyright Act 1987.

21 Dec 2017 | Malaysia

Repeal Of U.S. Net Neutrality And What It Could Mean For Singapore
On 14 December 2017, the United States Federal Communications Commission voted to repeal the net neutrality regulations set in place during the Obama administration in 2015. Net neutrality generally refers to network providers treating all sources of Internet content equally as well as consumers' rights to access content and services on the Internet on a non-discriminatory basis. Effectively, net neutrality seemingly creates a more level playing field for businesses. This Update provides a summary of the changes to the United States’ position on net neutrality, followed by our comments on the potential impact of the FCC decision on net neutrality in Singapore.
21 Dec 2017 | Singapore

CCS Market Inquiry on Car Parts in Singapore
On 11 December 2017, the Competition Commission of Singapore ("CCS") published its findings from its market inquiry into the supply of car parts in Singapore for the servicing, repair and customisation of cars. The purpose of the market inquiry was to better understand how the relevant markets functioned, and whether there were any features or market practices that limited competition in the relevant markets in Singapore. This Client Update provides a summary of the relevant findings, followed by our comments on their possible implications for businesses operating in the automotive industry and beyond.
19 Dec 2017 | Singapore

Codes of Profession and Conduct for Tourist Agents Take Effect

On 25 October 2017, the Ministry of Tourism issued Prakas No. 160 on the coming into force of the Code of Profession and the Code of Conduct for Tour Operators and Travel Agents. This Prakas aims to guarantee that the tourism sector in Cambodia is able to provide high quality services, and to enhance the social and moral values in the sector.

15 Dec 2017 | Cambodia

New Regulations on Audit on Bank and Financial Institutions

On 14 November 2017, the National Bank of Cambodia issued Prakas No. B7-017-335 on Audit on Banking and Financial Institutions to determine the accreditation requirements and obligations of external auditing companies, as well as the banking and financial institutions that are under the supervision of the National Bank of Cambodia.

15 Dec 2017 | Cambodia

Proposed Enhancements to Continuous Disclosure Requirements under the Listing Rules
Singapore Exchange ("SGX") is consulting on proposals to recalibrate disclosure requirements under the SGX-ST Listing Rules and the SGX-ST Catalist Listing Rules. The key proposed amendments relate to rights issue fund raising, transactions with interested persons, provision of financial assistance to third parties as well as significant disposal of assets. These proposed amendments take into account recommendations from a working committee tasked to review the Listing Rules, suggestions from market participants as well as SGX's review of the Listing Rules in light of developments in both local and global markets.
15 Dec 2017 | Singapore

New Myanmar Companies Law Enacted

On 6 December 2017, the President of Myanmar signed the Myanmar Companies Bill into law. This new legislation heralds a number of significant changes to the existing century-old companies legislation. Although the law will only come into effect at a later date to be announced by the President, this briefing highlights several key changes that might be of interest to foreign investors with existing presence in the country or those seeking to venture into the Myanmar market. Certain changes such as reducing the minimum number of shareholders, abolishing the requirement to obtain a Permit to Trade and removing the authorised capital concept would no doubt reduce the administrative burden of foreign companies operating in the country.

08 Dec 2017 | Myanmar