Updates from MLVT on Enterprise Declaration Requirements and Annual Foreign Workforce Quotas for 2019

30 August 2018

On 19 July 2018, the Ministry of Labour and Vocational Training (“MLVT”) and the Ministry of Economy and Finance issued an Inter-Ministerial Prakas, Prakas No. 714, which came into force from 1 August 2018 in relation to the provision of public services. Prakas No. 714 introduced some new conditions particularly on: (1) the validity of […]

Legal Alert – Philippine SEC Adopts ASEAN Green Bonds Standards

29 August 2018

The Philippines Securities and Exchange Commission (“SEC”) approved on 16 August 2018 the “Guidelines on the Issuance of Green Bonds under the ASEAN Green Bonds Standards.” These Guidelines aim to adopt the ASEAN Green Bond Standards (“GBS”) and provide for the rules and procedures for the issuance of ASEAN Green Bonds in the Philippines. The […]

Legal Alert – Philippine Lower House Approves Substitute Bill on Islamic Finance

29 August 2018

The Lower House committee on banks and financial intermediaries passed and approved a bill on 13 August 2018, seeking the regulation and organisation of Islamic banks to promote greater financial inclusion, especially for the underserved Muslim population. The House panel, chaired by Eastern Samar Representative Ben Evardone, approved the unnumbered bill. This unnumbered bill substituted […]

Legal Alert – Philippines | BSP Mandates Availability of E-Payment Facilities & Employs RegTech

29 August 2018

On 23 March 2018, the Bangko Sentral ng Pilipinas (“<strong>BSP</strong>”) issued Memorandum No. M-2018-12<strong> (“MC 2018-12”)</strong> which directs BSP Supervised Financial Institutions (“<strong>BSFIs</strong>”) to ensure the availability of electronic payment facilities to their clients. The Memorandum was issued pursuant to an earlier issuance of the BSP, Circular No. 980, which adopted the National Retail Payment […]

Cambodia | Boao Forum for Asia Phnom Penh Conference

27 August 2018

Dr Sok Siphana, Managing Partner of SokSiphana&associates (a member of ZICO Law), will be moderating the panel discussion, Business Leaders Dialogue Face-to-Face, at the Boao Forum for Asia Phnom Penh Conference on 26 September 2018.   The Conference will be a half-day event with approximately 200 participants including a delegation of 70 Chinese business leaders joined […]

Legal Alert | Indonesia | Online Single Submission: A Game-Changing System of Business Licensing in Indonesia

27 August 2018

Introduction On 21 June 2018, the Government of Indonesia (GOI) recently issued Government Regulation No. 24 of 2018 on the Electronics Application of Integrated Business Licensing (GR No. 24/2018) to introduce the new established centralised business licensing system namely Online Single Submission (OSS). The OSS is managed by OSS agency, a public service agency under […]

Diversity and Intersectionality in the workplace within ASEAN

27 August 2018

By Hanim Hamzah, Regional Managing Partner, ZICO Law Network In this column, I highlight issues and solutions that arise within the legal context of ASEAN and which impact the diversity of the region’s social, economic, cultural and political life. Human rights are a contentious subject for many, presenting a number of challenges to companies and […]

Myanmar | ALSA International Moot Court Competition 2018

24 August 2018

ZICO Law Myanmar is excited to announce its participation in the ALSA International Moot Court Competition 2018 (AIMCC 2018) in Yangon on 24-27 August 2018. Our Senior Associate, Gina Golda Pangaila, will act as an Arbitrator during the Competition. The AIMCC is a simulated hearing of an International Investment Dispute Settlement. Students from all over […]

Legal Alert | New Competition Law of Vietnam

24 August 2018

On 12 June 2018, the National Assembly of Vietnam passed a new Competition Law (“New Law”), which will replace the current Competition Law of 2004 (“Old Law”) from 1 July 2019. In this Article, we look at the notable changes of the New Law compared to the Old Law. Scope of application The New Law […]

Cambodia | Borey Development and Registration of Co-Owned Buildings: Seminar on Titling and Registration Procedures

23 August 2018

Cambodia is considered one of the fastest growing economies in Southeast Asia. Its rapid economic growth combined with a massive influx of foreign capital has powered a booming real estate sector not only in Phnom Penh, but other parts of the country, such as Siem Reap. Cambodia is in the midst of a building boom, […]