News

Liberalisation of Investment in the Education Sector in Myanmar

30 November 2018

In order to liberalise and promote the education standard in Myanmar, the Myanmar Investment Commission (“MIC”) released Notification (7/2018) (“the Notification”) dated 20 April 2018 which sets out the criteria and list of additional guidelines and specifications to structure developments in the Myanmar education sector. According to the Notification, MIC allows foreign investors to make […]

New Penal Code Implemented in Laos

30 November 2018

The Lao Government has published the new Penal Code, which takes effect on 1 November 2018. The new law aims to ensure that penalties for offences are harmonised and is intended to make it easier for the relevant authorities, such as investigative officials, prosecutors, and judges, to refer to and enforce the relevant laws. This […]

Formation of the Myanmar Competition Commission

23 November 2018

The Myanmar Government has recently established the Myanmar Competition Commission (the “Commission”) by issuing Notification No. (106/2018) dated 31 October 2018. The Commission acts as a regulatory authority that carries out the duties and responsibilities provided under the Competition Law (the “Law”) which has been in force since February 2017. The Commission comprises of 11 […]

11th Foreign Investment Negative List allows more foreign participation in several investment areas and sectors

22 November 2018

Philippine investment policy aims to attract, promote, and welcome productive foreign investments in activities that significantly contribute to national industrialisation and socio-economic development to the extent allowed by the Constitution and relevant laws. This policy is set forth in the Foreign Investments Act of 1991, which provides for the formulation of a Foreign Investment Negative […]

Insurance Web Aggregators Now Under Watch by the Insurance Commission

22 November 2018

Insurance web aggregation is an alternative distribution channel whereby a customer can obtain insurance through the internet or mobile application. Insurance web aggregators are internet-based platforms that provide insurance policy quotations from various insurers based on pre-determined set of needs provided by clients. Section 50 of the lnsurance Code, as amended, allows the policy to […]

ZICO Law & Freshfields Bruckhaus Deringer | Lunchtime Panel Discussion

19 November 2018

ZICO Law and Freshfields Bruckhaus Deringer are hosting a lunchtime panel discussion on developments arising from Malaysia’s new government, on 22 November, from 12:30pm-2pm at Freshfields office in Singapore. A lot has taken place since Dr Mahathir’s historic election as the 7th Prime Minister of Malaysia six months ago: Singapore and Malaysia have agreed to […]

ZICO Law Sees Robust Growth in IFLR1000

16 November 2018

We are pleased to announce that ZICO Law has achieved 18 Top Tier Rankings and 14 Leading Lawyers across a total of 9 ASEAN countries in IFLR1000’s 2019 Rankings. This represents a substantial 20% increase in Top-Tier rankings, and an 8% increase in Leading Lawyers from the previous year’s rankings. We would like to thank […]

New Regulation on Recordation of Intellectual Property Licensing Agreements

16 November 2018

Indonesian Intellectual Property (“IP”) laws require recordation of IP licensing agreement with the Directorate General of Intellectual Property. To implement this, other than the issuance of Minister of Law and Human Rights Regulation No. 8 of 2016 (“MLHR 8/2016”), the Indonesian government recently issued Government Regulation No. 36 of 2018 on the Recordation of Intellectual […]

Extension of Banking Services by Foreign Bank Branches to Local Companies

14 November 2018

The Central Bank of Myanmar (“CBM”) has issued Directive No. (6/2018) (“the Directive”) on 8 November 2018, allowing foreign bank branches to provide financing and other banking services to local companies. Prior to the Directive coming into force, foreign bank branches were largely restricted in only being able to provide financing and banking services to […]

Ministry Issues Two New Regulations on Settlement of Employees’ Wages and Seniority Payment

14 November 2018

On 21 September 2018, the Ministry of Labour and Vocational Training (“MLVT”) issued two new Prakas (Ministerial Proclamation): (i) Prakas No. 442, which establishes a new requirement to pay employees monthly wage instalments twice a month; and (ii) Prakas No. 443, which relates to the introduction of seniority payments. Prakas No. 442: Monthly wages to […]