ZICO Law News

Asialaw 2019 Rankings See Exponential Increase in ZICO Law Performance Across Network

8 October 2018

According to Asialaw Profiles 2019 Rankings, we are delighted to share that ZICO Law has achieved 17 Top Tier rankings, 48 Firm Practice-Area rankings, and 18 Leading Lawyer awards. We are now Highly Ranked in 8 ASEAN countries. This represents an over 13% increase in Top Tier rankings, 45% increase in Firm Practice-Area rankings and […]

Legal Alert | Vietnam releases new Decree on Commercial Promotion

3 September 2018

Vietnam’s guidelines on commercial promotional activities received an update in May earlier this year. Decree No. 81/2018/ND-CP (“Decree No. 81”) replaces its predecessor, Decree No. 37/2006/ND-CP (“Decree No. 37”) in outlining the do’s and don’ts of commercialising one’s business. While the types of promotional activities under Decree No. 81 remain mostly unchanged from its predecessor, […]

Legal Alert | Updates to Vietnam’s Standard Industrial Classification

3 September 2018

Businesses that seek to register their economic activities with the authorities must refer to the Vietnam Standard Industrial Classification (“VSIC”) as guidance. On 6 July 2018, the Government of Vietnam issued Decision No. 27/2018/QD-TTg (“Decision No. 27”) to update the provisions of the old VSIC. The new VSIC appears to be structurally better than its […]

Legal Alert | Thailand officially regulates ICOs

3 September 2018

Initial Coin Offerings or “ICOs” are a new method of funding for start-ups in which digital tokens or coins are issued. In 2017, there was a massive surge in ICOs until the People’s Bank of China officially prohibited ICOs in September 2017, stating that it was affecting China’s financial stability. In the United States, it […]

Cryptocurrencies, Exchanges, and Initial Coin Offerings: An insight into ASEAN’s regulatory environment

3 September 2018

In our publication in November 2017, we noted the rising popularity of initial coin offerings (ICOs) and shared our insights on the regulatory stances of key jurisdictions. The ICO market remains buoyant in 2018. According to a report prepared by PwC in collaboration with the Swiss Crypto Valley Association, as at June 2018, more than […]

Legal Alert | Myanmar | Amendments to the Anti-Corruption Law in Myanmar

3 September 2018

The Anti-Corruption Law (“the 2013 Law”) was enacted in 2013 and the Anti-Corruption Commission (“the Commission”) was established a year later tasked with fulfilling the following objectives: to eradicate corruption as a national responsibility; to set up and emerge with clean government and good governance; to enhance the integrity and accountability in public governance; to […]

Legal Alert | Indonesia | Administrative Sanctions for Failure to Register and Pay for Social Security Benefits

3 September 2018

On 11 April 2018, the Minister of Manpower issued Regulation No.4 of 2018 on Imposition and Revocation Procedure of Administrative Sanction of Restriction from Receiving Certain Public Service to Employer, except State Officials (“Regulation 4/2018”) to further regulate administrative sanctions for employers who do not comply with the requirements to register and pay for health […]

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 […]