News

Legal Alert | Singapore | SGX Amends Mainboard Rules to Allow Dual Class Share Structures

29 June 2018

Introduction In response to strong market support for the introduction of dual class shares in Singapore, the SGX has amended the Mainboard Rules (“the Rules”), with effect from 26 June 2018, to allow new companies seeking to list on the Mainboard to offer dual class share structures. Under a dual class share structure (“DCS structure”), certain […]

Legal Alert | Vietnam Introduces New Decree on Multi-Level Marketing

21 June 2018

Multi-level marketing (“MLM”) means business activities using a network of participants with many levels and many branches, in which the participants are entitled to receive commission, bonuses and other economic benefits as a result of their own business and the business of other people in the network. MLMs are more popularly known as pyramid selling, […]

Myanmar Insurance Market: The Last Frontier of Insurance in South East Asia

21 June 2018

Myanmar, formerly known as Burma, is situated in the north western-most part of mainland Southeast Asia bordering China, India, Bangladesh, Thailand and Laos. It is the biggest land mass in mainland Southeast Asia and ranks 40th on the global scale. It is strategically located near major Indian Ocean shipping lanes. The introduction of western style insurance […]

FAQs: Ownership of Land and Property in Laos

21 June 2018

Land in Laos is considered as part of the national heritage and as such is deemed to be owned by the national community. In terms of ownership the Government of Lao PDR (“GOL”) grants its citizens the right to use land, or they may grant a concession over the land to foreigners via a concession […]

Legal Alert | Laos | New Excise Tax Rates

21 June 2018

Recently, the Tax Department of the Ministry of Finance in Lao PDR has issued a new regulation No. 0169/TD dated 11 January 2018 on the application of new excise tax rates on certain types of goods, including fuel and tobacco products and services for 2018 and 2019 in Lao PDR. It has been speculated that […]

Legal Alert | New Minimum Wage in Laos

21 June 2018

After months of deliberation, the government of Laos (“GOL”) officially approved an increase to the country’s minimum wage on 20 April 2018, from LAK900,000 (approximately USD110) to LAK1,100,000 (approximately USD133) per person per month. This increase takes effect from 1 May 2018 to coincide with the International Labour Day. Recently, the Department of Labour and […]

Myanmar Insurance Market: The Last Frontier of Insurance in South East Asia

21 June 2018

Myanmar, formerly known as Burma, is situated in the north western-most part of mainland Southeast Asia bordering China, India, Bangladesh, Thailand and Laos. It is the biggest land mass in mainland Southeast Asia and ranks 40th on the global scale. It is strategically located near major Indian Ocean shipping lanes. The introduction of western style […]

Legal Alert | Vietnam Issues New Decree on Compulsory Fire and Explosion Insurance

20 June 2018

On 23 February 2018, the Vietnamese government issued Decree No. 23/2018/ND-CP (“Decree No. 23”) to replace Decree No. 130/2006/ND-CP and several articles of Decree No. 46/2012/ND-CP on the requirement for possession of compulsory fire and explosion insurances. Decree No. 23, which came into effect on 15 April 2018, has, in fact, revised many regulations relating to the […]

Legal Alert | Required License under the Payment Systems Act in Thailand

20 June 2018

The Payment Systems Act B.E. 2560 (“PSA”) was published in the Thai Government Gazette in 2017 and came into effect on 16 April 2018. Following this, the regulators i.e. the Ministry of Finance (“MoF”) and the Bank of Thailand (“BoT”) have issued relevant notifications on the types of regulated payment systems, services and compliance requirements on 16 […]

Article | Islamic Finance in Thailand: Prospects and Challenges

20 June 2018

By Anaknong Chaiyasri, ZICO Law Thailand The key indicators of population and housing in Thailand from 1990-2010 (whole kingdom) reveal that in 2010, about 4.9% of the population in Thailand are Muslims. Given that there are approximately 66 million people in the country, it means that there are about three million Muslims in Thailand. Although a […]