ZICO Law News

ZICO Law Selected in Four Jurisdictions in Asian-mena Counsel & IHC: Firms of the Year 2018

18 December 2018

We are delighted to announce that in-house lawyers and counsels selected ZICO Law offices across Indonesia, Malaysia, Myanmar and Thailand in the Asian-Mena Counsel & In House Community’s Firms of the Year 2018 Awards. ‘Firm of the Year’ awards were secured by the Malaysia and Myanmar offices, while our offices in all four countries were commended under the category “Most […]

ZICO Law Caps Off the Year with Top Tier Recognition

4 December 2018

We are delighted to announce that ZICO Law capped off the year with an outstanding performance in Chambers Asia-Pacific 2019 rankings, achieving 16 top-tier rankings and 18 ranked lawyers across 8 ASEAN jurisdictions. Across the network, ZICO Law saw an improvement in firm rankings, and a rise in ranked lawyers, compared to previous years. We are […]

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 […]

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 […]

Legal Alert | New Circular expands scope on the management of e-commerce via website and mobile applications

13 November 2018

On 20 August 2018, the Ministry of Industry and Trade (“MOIT”) issued Circular No. 21/2018/TT-BCT (“Circular 21”) to amend several articles in Circular No. 47/2014/TT-BCT (“Circular 47”) and Circular No. 59/2015/TT-BCT (“Circular 59”) on the management of e-commerce via websites and applications on mobile devices. Circular 21 is effective from 18 October 2018. Key highlights […]

Legal Alert | Guidance on compulsory social insurance for foreign employees working in Vietnam

5 November 2018

Under Vietnam’s Law on Social Insurance dated 20 November 2014, from 1 January 2018, foreign employees working in Vietnam with either (i) work permit, (ii) practicing license or (iii) practicing permit issued by Vietnamese authorities will be required to contribute to Vietnam’s compulsory social insurance scheme. However, due to the lack of further guiding legislation, […]

Legal Alert | BOT authorises commercial banks to provide digital ID services

5 November 2018

On 4 September 2018, the Bank of Thailand (“BOT”), which is the central bank of Thailand and the regulator of banks in Thailand under the The Bank of Thailand Act B.E. 2485 (1942), as amended, issued its circular letter No. Thor Por Thor. For Kor Vor. 2053/2561 re: the authorisation of commercial banks to provide […]

Happy Deepavali!

5 November 2018

From all of us at ZICO Law, may the festival of light illuminate your life with joy and prosperity!

Legal Alert | New Regulations on Foreign Workers in Vietnam

31 October 2018

On 8 October 2018, the Government issued Decree No. 140/2018/ND-CP (“Decree No. 140”) to amend and supplement existing decrees on investment conditions and administrative procedures under the authority of the Ministry of Labour, Invalids and Social Affairs (“MOLISA”). In particular, Decree No. 140 changes some of the regulations on foreigners working in Vietnam under Decree […]