Corporate Law

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Two Companies plead Guilty to negligence

IPOH, Jun 3 (Bernama) - Two construction companies were charged at the Sessions Court here today with negligence, which resulted in accidents involving their respective employees last year. Teoh Kim Kuan as the director of Tunas Gemilang TKK Enterprise, while Ng Wai Choo who is the director of Syarikat WIM Automation Jig & Moulding Sdn Bhd pleaded guilty after the charge was read out separately to them before Judge S.Indra Nehru. Tunas Gemilang TKK Enterprise admitted to having failed to ensure every pit hole at the working level was tightly closed or fenced firmly to prevent anybody from falling, resulting in an accident which claimed the life of a foreign worker, Sajid Ahmmud Dulal.

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Corporate Governance Code to be ready Next Year: minister

Myanmar is aiming to publish a Corporate Governance Code, said U Aung Naing Oo, permanent secretary of Ministry of Investment and Foreign Economic Relation.
Date: 16 May 2019; Type: Legal News; Source: Myanmar Times

Wong Kit Kee v KSE Technology (Int’l) Pte Ltd

Companies - Winding up - Just and equitable winding up

Date: 18 April 2019; Court: High Court; Citation: [2019] SGHC 97; Source: Singapore Law Watch

Co-operative Societies (Amendment) Act 2018 (Commencement) Notification 2019

This is to notify that Sections 12, 13, 26 and 42 of the Co-operative Societies (Amendment) Act 2018 come into operation on 22 April 2019.
Date: 17 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 316; Source: Singapore Statutes Online

Co-operative Societies (Amendment) Rules 2019

These Rules come into operation on 22 April 2019.
Date: 17 April 2019; Type: Federal Subsidiary Legislation; Citation: No. S 317; Source: Singapore Statutes Online

Request for Comments on the Proposed Guidelines on the Revival of Expired Corporations

This is to notify that the Securities and Exchange Commission (SEC) is inviting all interested parties, market participants and the investing public to submit their views, comments and inputs to the proposed SEC Memorandum Circular on the Guidelines on the Revival of Expired Corporations. Commenters may submit, not later than 26 April 201 ...
Date: 08 April 2019; Type: Circular; Source: Securities and Exchange Commission

Government issues Developer Licenses to construction Companies, Prospects Improve

Local businesses are now seeing a light at the end of the tunnel for the property and construction sectors, where demand has been low in recent years.
Date: 11 April 2019; Type: Legal News; Source: Myanmar Times

Ong Kwong Yew and 6 Others v Ong Ching Chee and 4 Others, and 18 Other Appeals

Date: 11 December 2018; Court: Court of Appeal; Citation: Rayuan Sivil Nos. B-02(IM)-2135-10/2017, B-02(IM)-2259-11/2017, B-02(IM)-2325-11/2017, B-02(IM)-2326-11/2017, B-02(IM)-2327-11/2017, B-02(IM)-2328-11/2017, B-02(IM)-2329-11/2017, B-02(IM)-2330-11/2017, B-02(IM)-2331-11/2017, B-02(IM)-2422-11/2017, B-02(IM)-2562-12/2017, B-02(IM)-2563-12/2017, B-02(IM)-2564-12/2017, B-02(IM)-2565-12/2017, B-02(IM)-2566-12/2017, B-02(IM)(NCC)-2133-10/2017, B-02(IM)(NCC)-2134-10/2017, B-02(A)-907-04/2018 & B-02(A)-908-04/2018; Source: Federal Court Registry

Entrepreneurship Framework to be launched in July

KUALA LUMPUR, Apr 8 (Bernama) - The National Entrepreneurship Framework (NEF), which the Ministry of Entrepreneur Development began developing in late 2018, is expected to be launched by Prime Minister Tun Dr Mahathir Mohamad in July, says SME Corporation Malaysia (SME Corp).
Date: 08 April 2019; Type: Legal News; Source: Bernama

Ma Wai Fong Kathryn v Trillion Investment Pte Ltd and Others, and Another Appeal

Companies - Winding Up - Just and Equitable Grounds

Date: 20 March 2019; Court: Court of Appeal; Citation: [2019] SGCA 18; Source: Singapore Law Watch

Government does not intend to amend Bankruptcy Act

KUALA LUMPUR, Apr 4 (Bernama) - The government has no intention to amend the provisions under Section 60 (1) of the Bankruptcy Act (Amendment) 2017 (Act 1534).
Date: 04 April 2019; Type: Legal News; Source: Bernama

Cheong Chee Hwa v China Star Food Group Ltd (formerly known as Brooke Asia Ltd)

Contract - Breach - Best commercial endeavours; Contract - Contractual terms - Implied terms; Companies - Reverse takeovers; Companies - Shares - Consolidation of shares; Financial and Securities Markets - Regulatory requirements - Listing and public offers - Catalist Rules

Date: 29 March 2019; Court: High Court; Citation: [2019] SGHC 86; Source: Singapore Law Watch

SSM Management Sdn Bhd v Aeon Big (M) Sdn Bhd

Date: 12 February 2019; Court: Court of Appeal; Citation: Civil Appeal No. W-02(NCC)(A)-1328-07/2017; Source: Federal Court Registry

Merais Sdn Bhd v Lai King Lung and Another

Date: 13 March 2019; Court: Court of Appeal; Citation: Civil Appeal No. B-02(NCvC)(W)-3-01/2018; Source: Federal Court Registry

Amendments to enterprise, Investment Laws must promote SOE Efficiency

Hanoi, Mar 19 (VNS/VNA) - The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
Date: 19 March 2019; Type: Legal News; Source: Vietnam News Agency

Two Companies plead Guilty to negligence

IPOH, Jun 3 (Bernama) - Two construction companies were charged at the Sessions Court here today with negligence, which resulted in accidents involving their respective employees last year. Teoh Kim Kuan as the dire ...

Ong Kwong Yew and 6 Others v Ong Ching Chee and 4 Others, and 18 Other Appeals Entrepreneurship Framework to be launched in July Government does not intend to amend Bankruptcy Act more

Request for Comments on the Proposed Guidelines on the Revival of Expired Corporations

This is to notify that the Securities and Exchange Commission (SEC) is inviting all interested parties, market participants and the investing public to submit their views, comments and inputs to the proposed SE ...

Corporate Social Responsibility Bill approved Olongapo Court places Hanjin under Corporate Rehab Senate ratifies revised Corporation Code more

Public Limited Companies Act amended to introduce Business Management with Electronic Tools

BANGKOK, 14 December 2018 (NNT) - The Department of Business Development (DBD) has amended the Public Limited Companies Act to introduce more business management using electronic tools to improve the competitiveness and ...

Industry Ministry to no longer require Factory License Renewals Justice Ministry holds Meeting on Reform of Asian Bankruptcy Laws more

INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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INDUSTRY UPDATES

OWWA joins Urban Poor Caravan

MANILA, Jun 8 (PNA) - The Overseas Workers Welfare Administration (OWWA) will be joining the Presidential Commission for the Urban Poor (PCUP) caravan to inform the public of its programs on overseas employment.

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INDUSTRY UPDATES

Palace declares June 24 Holiday in Manila

MANILA, Jun 6 (PNA) - Malacañang has declared June 24 as a special, non-working holiday in the City of Manila in celebration of its 448th founding anniversary.

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INDUSTRY UPDATES

Legal Profession faces inherent Risks not Exclusive to NUPL

MANILA, Jun6 (PNA) - A state lawyer of the Office of the Solicitor General said Thursday the legal profession faces "inherent risks not exclusive to the National Union of People’s Lawyers (NUPL)".

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INDUSTRY UPDATES

DOJ forms Panel to probe Jacky Co Case

MANILA, Jun 6 (PNA) - A prosecution panel has been assigned for the preliminary investigation on the complaints filed against alleged Chinese drug lord Jacky Co and others implicated in the smuggling of PHP1.8 billion worth of illegal drugs into the country.

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INDUSTRY UPDATES

Myanmar still short of Judges, says Supreme Court

The number of judges in the country is just two thirds of the number required, according the 2018 annual report of the Union Supreme Court.

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INDUSTRY UPDATES

RCI on Judicial Misconduct is what People Want - Dr Mahathir

PUTRAJAYA, Jun 5 (Bernama) - The government agreed to set up a Royal Commission of Inquiry (RCI) on judicial misconduct because this is what the people want, said Prime Minister Tun Dr Mahathir Mohamad.

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INDUSTRY UPDATES

CJ stresses Importance of beefing up Legal Education

MANILA, Jun 3 (PNA) - Chief Justice Lucas P. Bersamin emphasized the commitment of his administration to leave no stone unturned in reforming the country's legal education system.

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INDUSTRY UPDATES

Double Pay for Workers on June 5

MANILA, Jun 3 (PNA) - Private sector workers, who will report to duty on Wednesday, June 5, will be paid twice their regular daily wages, the Department of Labor and Employment (DOLE) said Monday.

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INDUSTRY UPDATES

Complaints via Whatsapp: RTD issues More than 200 Notices

KUALA LUMPUR, June 3 (Bernama) - More than 200 notices have been issued by the Road Transport Department (RTD) as result of consumer complaints via the Whatsapp application during the three days enforcement operation, in conjunction with Adilfitri, which began on May 29.

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INDUSTRY UPDATES

Online Trader benefits from Industrial Revolution 4.0

KOTA BHARU, Jun 2 (Bernama) - The Industry Revolution 4.0, which is occurring all over the world, has given huge benefit to online traders in marketing their products to consumers.

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INDUSTRY UPDATES

Vietnam attends ASEAN Plus Three, EAS SOMs

Bangkok, May 30 (VNA) - Deputy Foreign Minister Nguyen Quoc Dung, who is head of the country’s SOM ASEAN, attended the ASEAN Plus Three SOM and East Asia Summit (EAS) SOM, which were held within the framework of the ASEAN Senior Officials' Meeting (SOM) in Bangkok on May 30.

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INDUSTRY UPDATES

JBC sets Public Interviews for SC Aspirants

MANILA, May 31 (PNA) - The Judicial and Bar Council (JBC) has released the schedule of the public panel interview of hopefuls vying for a Supreme Court (SC) post, to be vacated by Associate Justice Mariano del Castillo who will compulsorily retire on July 29.

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INDUSTRY UPDATES

Mohd Roze Shaari is New Intelligence/Operations Deputy Director

KUALA LUMPUR, June 1 (Bernama) - Bukit Aman's Criminal Investigation Department (CID) has a new Intelligence/Operations deputy director.

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INDUSTRY UPDATES

Give Mandatory Counselling, Community Service Sessions to Road Bullies - MCPF

KUALA LUMPUR, May 31 (Bernama) - The Malaysian Crime Prevention Foundation (MCPF) has suggested that compulsory counselling and community service sessions be meted out to individuals detained for dangerous driving and road rage.

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