Contracts & Commercial

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Thai Cabinet approves Amendments to Lottery Law

BANGKOK, Apr 17 (NNT) – Thailand's cabinet has passed a new draft Government Lottery Office (GLO) Act, which contains several changes to existing legislation.

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Coramax Sdn Bhd v Tribunal for Housing Purchaser Claims Sarawak and Another

Date: 05 January 2018; Court: High Court of Sabah & Sarawak; Citation: Judicial Review No. KCH-13NCvC-7/9-2017; Source: High Court of Sabah and Sarawak

Tan Kok Yong Steve v Itochu Singapore Pte Ltd

Contract - formation; Contract - contractual terms - implied terms; Contract - illegality and public policy - restraint of trade

Date: 10 April 2018; Court: High Court; Citation: [2018] SGHC 85; Source: Singapore Law Watch

Government to complete Draft Regulation on e-Commerce soon

Jakarta, Apr 13 (ANTARA News) - The Indonesian government will soon complete a draft regulation on e-commerce, in order to create business equality in the country, Trade Minister Enggartiasto Lukita said. E-commerce is inevitable; however, the government wants business equality between e-commerce traders and conventional traders, he stated, wh ...
Date: 13 April 2018; Type: Legal News; Source: Antara

House Panel okays Two Pro-Entrepreneurship Bills

MANILA, Apr 12 (PNA) - A House of Representatives' panel has approved the funding provisions of two bills designed to promote entrepreneurship in the country. The House committee on appropriations passed House Bill (HB) No. 3335, known as the "Government Employees' Entrepreneurship Development Act", and HB 5158 or an "Act providing a socialize ...
Date: 12 April 2018; Type: Legal News; Source: Philippine News Agency

Duterte approves Six-Year MSME Development Plan

KUALA LUMPUR, Apr 11 (Bernama) - The Anti-Fake News 2018 is a deterrence law to give a clear message that each individual is responsible for sharing correct, healthy and valid news and information. Minister in the Prime Minister's Department Datuk Seri Azalina Othman Said in a statement today said the law was also the first of its kind in the ...
Date: 11 April 2018; Type: Legal News; Source: Philippine News Agency

Indonesia, Somalia agree to enhance Trade Ties

Nusa Dua, Bali, Apr 10 (ANTARA News) - Indonesia and Somalia have agreed to intensify trade ties during a bilateral meeting between Indonesian Foreign Minister Retno Marsudi and Somalian Vice Foreign Minister Mukhtar Mahat Da'ud here on Wednesday.
Date: 10 April 2018; Type: Legal News; Source: Antara

Legislation needed to govern Industrial Zone Development

With the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments in the sector, as this will draw much needed Foreign Direct Investments (FDI).
Date: 11 April 2018; Type: Legal News; Source: Myanmar Times

PT Sandipala Arthaputra and Others v STMicroelectronics Asia Pacific Pte Ltd and Others

Tort - Conspiracy - Directors’ liability; Contract - Breach

Date: 06 April 2018; Court: Court of Appeal; Citation: [2018] SGCA 17; Source: Singapore Law Watch

Free Zones (Amendment of First Schedule) Notification 2018

This Notification comes into operation on 6 April 2018.
Date: 05 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 163 of 2018; Source: AGC Federal Gazette

Free Zones (Declared Area) Notification 2018

This Notification comes into operation on 10 April 2018.
Date: 09 April 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 169 of 2018; Source: AGC Federal Gazette

Gulf Petrochem Pte Ltd v Petrotec Pte Ltd and Others

Contract - Contractual terms - Which of two contracts applied; Contract - Formation - Certainty of terms - Guarantee; Contract - Consideration - Guarantee; Contract - Consideration - Promissory estoppel; Credit and security - Guarantees and indemnities

Date: 06 April 2018; Court: High Court; Citation: [2018] SGHC 83; Source: Singapore Law Watch

Guidelines on Contracts for Difference

These Guidelines aim to provide a regulatory framework for over-the-counter (OTC) contracts for difference (CFD) in Malaysia.
Date: 06 April 2018; Type: Guideline; Source: Securities Commission

PH successfully completes its Fifth Trade Policy Review in the World Trade Organization

Apr 2 - Member economies of the World Trade Organization (WTO) praised the Philippines’ economic performance as it completes its 5th Trade Policy Review in the World Trade Organization on 26 and 28 March 2018 in Geneva, Switzerland. The Review evaluates the country’s trade policy regime from 2012 to 2017.
Date: 02 April 2018; Type: Legal News; Source: Department of Foreign Affairs

MatthewsDaniel International Pte Ltd v Kith Marine & Engineering Sdn Bhd

Agency - Evidence of agency; Contract - contractual terms - admissibility of evidence; Contract - contractual terms - parol evidence rule

Date: 28 March 2018; Court: High Court; Citation: [2018] SGHC 73; Source: Singapore Law Watch

Government to complete Draft Regulation on e-Commerce soon

Jakarta, Apr 13 (ANTARA News) - The Indonesian government will soon complete a draft regulation on e-commerce, in order to create business equality in the country, Trade Minister Enggartiasto Lukita said. E-commerce ...

Indonesia, Somalia agree to enhance Trade Ties EU scraps Anti-Dumping Duty for Indonesian Biodiesel Latipah Hanum v PT Bank Mandiri (Persero) Tbk more

Government seeks better Regulation of Associations

Representatives of associations, foundations and Non-Governmental Organisation (NGOs) met in Vientiane on Wednesday to discuss association issues and management under the Decree on Associations.

Tighter Regulation to squeeze Small Business Credit Mineral Law to be amended for Better Mining Management Laos prevails in Hongsa Power Plant Court Case more

Coramax Sdn Bhd v Tribunal for Housing Purchaser Claims Sarawak and Another

Date: 05 January 2018; Court: High Court of Sabah & Sarawak; Citation: Judicial Review No. KCH-13NCvC-7/9-2017; Source: High Court of Sabah and Sarawak

Free Zones (Amendment of First Schedule) Notification 2018 Free Zones (Declared Area) Notification 2018 Guidelines on Contracts for Difference more

Legislation needed to govern Industrial Zone Development

With the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments i ...

K500,000 Fine for Unlicensed Thaingyan Private Pumps Company Registration fees to halve from April 1, More SMEs expected Drafting of Myanmar E-Commerce Law in the works more

House Panel okays Two Pro-Entrepreneurship Bills

MANILA, Apr 12 (PNA) - A House of Representatives' panel has approved the funding provisions of two bills designed to promote entrepreneurship in the country. The House committee on appropriations passed House Bill ...

Duterte approves Six-Year MSME Development Plan PH successfully completes its Fifth Trade Policy Review in the World Trade Organization Reiteration of the Rules and Regulations for Consumer Protection in Transactions made through Electronic Means more

INDUSTRY UPDATES

Role of In-house Lawyers must evolve, says Judge

In an event that unveiled a study of local general counsel by the Singapore Corporate Counsel Association and global law firm CMS, Judge of Appeal Steven Chong has given in-house counsel several pointers on what they need to do in their evolving role.

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INDUSTRY UPDATES

Passenger-Facing Cameras: encrypt Recordings and restrict Access

The new rule that allows the cab and private-hire car drivers to install infacing cameras should not threaten the passenger privacy according to customer feedback.

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INDUSTRY UPDATES

Cabinet confirms Appointment of New Permanent Secretary of Finance

BANGKOK, Apr 18 (NNT) - The Cabinet has officially confirmed the appointment of the new Permanent Secretary of the Finance Ministry.

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INDUSTRY UPDATES

Thailand preparing to host 12th ASEAN Skills Competition

BANGKOK, Apr 18 (NNT) - Thailand is making preparations to host the 12th ASEAN Skills Competition, the objective of which is to urge adolescents and workers in the region to be enthusiastic about developing their skills in line with new technology.

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INDUSTRY UPDATES

Government pardons nearly 8500 Prisoners, including Student Activists’ Killer

The Presidential Office announced on Tuesday that 8541 prisoners, including 51 foreigners, were released from prisons across the country.

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INDUSTRY UPDATES

Tax Exemption on Mega Projects given since 1980s - Customs DG

PUTRAJAYA, Apr 19 (Bernama) - Tax exemptions have been awarded to several large projects owned by the Government since the 1980s, and the issue of waiving the Goods and Services Tax (GST) for procurement of materials and services related to the East Coast Rail Link (ECRL) project should not be played up, said Customs Director-General Datuk Seri Subromaniam Tholasy.

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INDUSTRY UPDATES

GST Compliance good, says Customs Department

KUALA LUMPUR, Apr 18 (Bernama) - The Goods and Services Tax (GST) compliance in Malaysia is good even though there is still a need to continue to promote tax education.

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INDUSTRY UPDATES

Illegal OFWs in Kuwait have until Thursday to avail of Amnesty Program

KUWAIT, Apr 18 (PNA) - Philippine Ambassador to Kuwait Renato Villa has announced that the Kuwaiti Department of Immigration under the Ministry of Interior has officially declared Thursday (April 19) as the last day for Filipinos to file their application for the amnesty program set to expire on April 22.

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INDUSTRY UPDATES

Indonesia, Vietnam discuss Cooperation in Fisheries and Maritime Affairs

Jakarta Apr 18 (ANTARA News) - Indonesian Foreign Minister Retno Marsudi discussed cooperation in maritime affairs and fisheries with her Vietnamese counterpart, Pham Bihn Mihn, during the third joint commission meeting between the two countries.

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INDUSTRY UPDATES

Government will not raise GST Rate - DPM Zahid

BAGAN DATUK, Apr 18 (Bernama) - The government has given an assurance that the country's Goods and Service Tax (GST) of sic per cent will not be raised, even after the 14th General Election.

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INDUSTRY UPDATES

Government approves Sekolah Menengah Chong Hwa's Federal Land Lease Application - Wan Junaidi

KUALA LUMPUR, Apr 17 (Bernama) - The government has approved the application of Sekolah Menengah Persendirian Chong Hwa, Sentul, for a 1.2 hectare of federal land under 99 years' lease for the purpose of building the school's sports complex.

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INDUSTRY UPDATES

World's First Crypto Currency Guarantee against Theft

KUALA LUMPUR, Apr 18 (Bernama) - In a world's first, GoldCrypto will protect and guarantee its cryptocurrency tokens from any theft through hacking.

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INDUSTRY UPDATES

DILG has New Undersecretary, Assistant Secretary

MANILA, Apr 17 (PNA) - The Department of the Interior and Local Government (DILG) on Tuesday welcomed the appointment of two retired Philippine National Police (PNP) officials as the department’s new undersecretary and assistant secretary.

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INDUSTRY UPDATES

Indonesia calls on UNESCO to legitimize 19 Cultural Properties

Jakarta, Apr 16 (ANTARA News) - Indonesia is striving for its 19 cultural properties in the temporary list of World Heritage Center of United Nations Educational, Scientific and Cultural Organization (UNESCO) to be recognized soon.

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INDUSTRY UPDATES

Sri Mulyani named Best Finance Minister in Asia Pacific

Jakarta, Apr 16 (ANTARA News) - Finance Minister, Sri Mulyani Indrawati, was named the best Finance Minister in Asia and the Pacific for 2018 by Hong Kong-based financial magazine FinanceAsia for the second time in a row.

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