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4
May
2022

Recovering From Covid-19: Indonesia’s Business Competition Supervisory Commission Revokes the Relaxation Policy on Monopolistic Practices, Unfair Business Competition and Introduces Business Competition Compliance Program

Indonesia’s Business Competition Supervisory Commission or Komisi Pengawas Persaingan Usaha (the “KPPU”) has revoked the relaxation policy on the Monopolistic Practices, Unfair Business Competition…

Indonesia
COVID-19
Legal Alert
4
May
2022

Accelerating Indonesia’s Economic Recovery: Minister of Finance Issues Regulations to Boost Collection from Financial Technology, Crypto Assets and Virtual-Based Activities

Following the newly enacted Tax Regulation Harmonisation Law No. 7 of 2021, Indonesia’s Minister of Finance (the “MoF”) has issued several implementing regulations pertaining…

Indonesia
Fintech, Tax
Legal Alert
29
April
2022

Companies’ Obligation to Submit Annual Company Financial Reports Removed

Following the enactment of Law No. 11 of 2020 on Job Creation (“Omnibus Law”), the Ministry of Trade (“MoT”) has posted a notification on…

Indonesia
Employment and Human Capital Services
Legal Alert
29
April
2022

Long-Awaited Comprehensive Regulatory Framework on the Operation of Broadcasting Sector Finally Issued

To accelerate the digital transformation and national digital economy, the Government has made the broadcasting sector one of Indonesia’s strategic concerns. To respond to…

Indonesia
Communications, Media & Technology
Legal Alert
22
April
2022

Philippine Central Bank Eyes Relaxed Capitalisation Requirements for Islamic Banks

In a virtual briefing on 7 April 2022, Noel Tianela, the deputy director and head of the Islamic Banking Supervision Group of the Bangko…

Philippines
Banking & Finance
Legal Alert
15
April
2022

Taking the Payment Services Act to the Moon – A Gentle Reminder on the Financial Services and Markets Bill

With the second reading of the Financial Services and Markets Bill (“FSMB”) last week (4 April 2022), Singapore’s regulatory stance towards digital payments tokens…

Singapore
Communications, Media & Technology, Payments
Article
8
April
2022

Client Alert | Central Bank of Myanmar Instructions regarding Foreign Currency Conversion

The Central Bank of Myanmar (“CBM”) has issued a series of directives and instructions relating to the conversion of foreign currency in Myanmar. They…

Myanmar
Banking & Finance
Legal Alert
5
April
2022

Client Alert | From Digitisation to Tokenisation

“Audentes Fortuna Juvat” (Fortune Favours the Bold) – a Latin proverb that perhaps spurred the aspirations of many and sculpted the resilience of humanity…

Malaysia
Communications, Media & Technology
Article
21
March
2022

Amendments to Philippine Foreign Investments Act Passed

On 2 March 2022, President Rodrigo Duterte signed into law the well-anticipated amendments to the Foreign Investments Act (“FIA”) of 1991. The amended FIA…

Philippines
Foreign Direct Investment
Legal Alert
4
March
2022

Client Alert | Case Update: Minister Empowered to Extend Delivery of Vacant Possession

In November 2020, the Federal Court (“FC”) in Ang Ming Lee & ors v Menteri Kesejahteraan Bandar, Perumahan dan Kerajaan Tempatan & Anor and…

Malaysia
Real Estate
Article
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Announcement

On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

For more information and to see how we can assist you in your desired jurisdiction, please follow the links below: