Legal Alert | Developments on the Proposed Payment Services Framework in Singapore

23 May 2019

In our January 2018 update, we provided an overview of the regulatory framework under the Payment Services Bill (the “Bill”). The Bill has since been passed in Parliament on 14 January 2019, and will come into operation on such date as notified in the Government gazette. This legal update will cover: (i) the key changes […]

ZICO Law Myanmar and Yulchon enter joint collaboration at ZICO Law Myanmar office

15 May 2019

With South Korea being Myanmar’s fifth largest investor in 2017-18, and investments totalling US $254 million in sectors such as oil and gas, infrastructure, retail, and real estate, the economic bond between the two nations have never been stronger. To help facilitate the surge of business between the two countries, ZICO Law Myanmar is pleased […]

Myanmar Patent Law Updates

14 May 2019

Following the vote in favor of the Patent Bill in early 2018, the Myanmar Patent Law has finally been approved and passed into law under Pyidaungsu Hluttaw Law No. 7/2019 on 11 March 2019. The Patent Law provides protection for inventions related to products and processes which meet the patentability requirements with respect to novelty, […]

Matthew Rendall Re-Elected as Board Member of BritCham for 2019-2020

9 May 2019

Recently, The British Chamber of Commerce of Cambodia (BritCham Cambodia) held its annual general meeting and announced Matthew Rendall, Senior Partner at SokSiphana&associates (a member of ZICO Law) as secretary on the Board of 2019-2020. Matthew has previously served as a Vice-Chairman on the BritCham Board and has been an active member since 2009. He also serves as the representative for BritCham on the EuroCham Board. BritCham is […]

Highlights of the Prime Minister’s Directive for the Real Estate Market

8 May 2019

On 23 April 2019, the Prime Minister issued a directive under which the Prime Minister assigned specific tasks to the relevant authorities to foster the sustainable development of the real estate market.  The main tasks are as follows:   Subjects Main Required Actions 1. Condotels, resort villas and officetels By the end of September 2019: […]

Non-Bank Financial Institutions (“NBFIs”) Permitted to Have Foreign Nationals as Directors and Officers

7 May 2019

The Bangko Sentral ng Pilipinas (“BSP”) Monetary Board, in its Resolution No. 546 dated 4 April 2019, approved the amendments to the Manual of Regulations for Non-Bank Financial Institutions (“MORNBFI”) on the election of foreign nationals as directors of quasi-banks and/or other BSP-supervised financial institutions, and the employment of foreign nationals as officers or employees […]

Highlights of Draft Law with Amendments, Supplements to The Law on Investment and the Law on Enterprises

3 May 2019

Currently in the proposal stage, a draft law of amendments and supplements to the Law on Investment and Law on Enterprises is expected to be presented to the National Assembly with the aim of facilitating and simplifying matters in relation to the business environment and investment procedures. If passed, the draft law will be effective […]

ZICO Law Secures Deal of the Year Awards at ALB SE Asia Law Awards 2019

2 May 2019

We are pleased to announce that ZICO Law member firms have secured two prestigious deal of the year awards at the recent Asian Legal Business (ALB) SE Asia Law Awards 2019. Zaid Ibrahim & Co. (a member of ZICO Law) and SokSiphana&associates (a member of ZICO Law) jointly received the Premium M&A Deal of the Year award […]