The past few months have been busy for Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo). Not only has he announced a flurry of regulatory guidelines and proposals, but he also has further areas of reform in mind. He recently spoke to ALB about what’s on the horizon for SGX, investors and business in Singapore.
As trade tensions between the U.S. and China continue to flare up, Chinese technology companies operating on American soil have become the latest targets of the Trump administration. And Trump’s recent targeting of Chinese-owned social media app TikTok is being seen as something of a harbinger for future sanctions.
Designing a compliance programme that is robust and yet flexible enough to span multiple jurisdictions and industries is an increasingly common challenge for businesses as they expand their presence across Asia’s varied countries. And regardless of where businesses may be located, there are a few essential elements to include, experts say, warning there can be significant costs for overlooking these.
UK firm Mishcon de Reya has hired disputes specialist Gavin Margetson as a partner in its recently opened Singapore office. He joins from local boutique Sharpe & Jagger.
When the U.S.-China trade war began, it triggered a sudden rush to rethink and diversify supply chains. Some in Hong Kong sought to deploy the ﬁrst sale rule, while others looked to strengthen their footprint in other markets in a bid to round out their Asia presence.
On Aug. 11, the Standing Committee of China’s National People’s Congress (NPC) passed a decision to implement pilot measures that will allow Hong Kong lawyers to practice in nine cities in the Greater Bay Area. Lawyers in Hong Kong and on the mainland say the measures provide more room for the professional development of Hong Kong lawyers, and facilitate the growth of legal services on the mainland.
In a recent development in India, the Central Board of Direct Taxes (‘CBDT’) has authorised the Indian tax authorities to share ‘relevant and precise’ information with the Competition Commission of India (‘CCI’).
The Covid-19 situation has accelerated digital transformation across the globe. Many organizations in Thailand, started to use e-meetings as an alternative to physical meetings during the early stages of the spread of Covid-19 in order to reduce face-to-face contact. The use of e-meetings was further accelerated by city lockdowns, travel bans and implementation of work from home procedures.
The introduction of Singapore’s new Variable Capital Company (VCC) provides clear opportunities for investment fund structuring and domiciliation, explains Jay Moghe, Head of Asia Pacific Sales and Business Development at Ocorian, a global leader in corporate and fiduciary services, fund administration and capital markets.
Malcolm Kemp and Yeeling Wan, former partners of Stephenson Harwood, have established a boutique firm in Hong Kong called MB Kemp that specialises in dispute resolution and insolvency work.
Pavithra Anand, head of corporate legal at Decathlon Sports India, talks about why managing people is always a learning curve, how comfort leads to confidence, and the need for legal professionals to keep it simple.