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Irving Aw from the Tax Practice spoke at a client seminar titled "Legal Aspects of Transfer Pricing" held on 23 May 2014.
The OECD's base erosion and profit shifting project has underscored the importance of transfer pricing for multinational companies with cross-border transactions between related parties. In this seminar, Irving examined transfer pricing documentation requirements in Singapore, and considered how transfer pricing disputes may be avoided by invoking the Mutual Agreement Procedure (MAP) or through an Advance Transfer Pricing (ATP) agreement. He also discussed transfer pricing disputes and tax disputes in general in Singapore.
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Melisa Uremovic and Supawat Srirungruang from Rajah & Tann's Thailand regional office Rajah & Tann (Thailand) Limited were the speakers at the client seminar titled "Trade Issues into Thailand & ASEAN - Tight Spots with Customs".
With the ASEAN Economic Community ("AEC") coming online in 2015, trade within the ASEAN region is expected to intensify and grow. As a region of 600 million people with a gross domestic product of US$1.5 trillion, the AEC, an initiative which calls for greater economic integration among the ASEAN member-states, plays a key role in helping ASEAN to develop a single key market and transform ASEAN into a region with free movement of goods, services, investment, skilled labour, and freer flow of capital.
Thailand is poised to benefit from the increased intra-regional trade from the AEC. For business operating in Thailand, reaping the full benefits of the AEC means being able to deal with the Thai customs, especially when there is dispute. The speakers provided a quick overview of trade issues in ASEAN and how it would impact business. They then discussed customs disputes and other trade issues in Thailand.
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Rajah & Tann LLP Regional Competition Team and the Singapore International Chamber of Commerce co-organised a client seminar titled "Competition Law - The Movie Marathon - What Should not be Keeping You Awake at Night" on 21 May 2014. Mr Lee Jwee Nguan, the Director of Legal & Enforcement of the Competition Commission of Singapore was the keynote speaker. Kala Anandarajah, the head of the firm's Competition & Antitrust, and Trade Practice, together with Dominique Lombardi and Tanya Tang from the same Practice were the speakers. The other speakers and panelists from Rajah & Tann's regional offices and affiliate firms were Kuok Yew Chen and Yon See Ting from Christopher & Lee Ong, Melisa Uremovic and Supawat Srirungruang from Rajah & Tann (Thailand) Limited, HMBC Rikrik Rizkiyana and Yogi Sudrajat Marsono from Assegaf Hamzah & Partners, and Brian Ng and Vu Thi Que from Rajah & Tann LCT Lawyers.
The seminar consisted of two panel discussions. The first one focused on discussions that businesses potentially have with competitors and which can trip them. The second dealt with issues that companies need to look out for when structuring a distribution agreement, especially when the various ASEAN competition jurisdictions view and treat such agreements differently.
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Rajesh Sreenivasan, the head of the firm's Technology Media & Telecommunications Practice, and Steve Tan from the same Practice, conducted a client seminar titled "(1) Is your Organisation Ready for the Personal Data Protection Act ("PDPA") and the 2 July 2014 Deadline? and (2) Dealing with Issues Arising from the PDPA" on 7 May 2014.
With the impending deadline of 2 July 2014 racing towards us, the key question is whether an organisation is potentially PDPA-ready or has in place appropriate measures to deal with statutory obligations. In this seminar, the speakers discussed and highlighted some of the key operational issues that organisations may or would encounter in trying to deal with the PDPA, including the Do Not Call regime which has already come into force on 2 January 2014.
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Rajah & Tann's Myanmar Practice organised a client seminar titled "Latest Changes to Myanmar's Foreign Investment Regime" on 5 May 2014.
Since the introduction of Myanmar's new foreign investment law in late 2012, changes to the legal and regulatory landscape have been occurring at lightning speed. As Myanmar updates and refines its foreign investment regime after over a year in operation, what can foreign investors expect ahead of the establishment of the ASEAN Economic Community in 2015? In this session, the Director General of the Myanmar Investment Commission ("MIC"), U Aung Naing Oo, shared his insights with respect to the latest developments in Myanmar's foreign investment regime, as well as his perspectives into the policies that drive some of these changes.
Chester Toh, the co-head of the Firm's Myanmar Practice, moderated the panel discussion, "Gazing Through the Crystal Ball – Implications of the Changes to Myanmar's Foreign Investment Regime", which featured a cross-section of panel speakers from the MIC, Rajah & Tann, OCBC and IE Singapore.
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Partners and consultants of Rajah & Tann and its regional and affiliate offices participated at the following seminars either as speakers or moderators:
- IBA Law Firm Management – First Asia Conference, 20 June 2014
Session on "Integration and leadership - with particular focus on leadership issues post alliance/joint venture merger" (Speaker: Lee Eng Beng SC)
- Singapore International Arbitration Centre (SIAC) Congress 2014, 6 June 2014 (Rajah & Tann was Platinum Sponsor)
Sessions:
- "The Coming of a New Age for Dispute Resolution in Asia" (Panellist: Andre Yeap SC)
- "Investment Treaty Arbitration in Asia: The Meeting of International Commercial Arbitration and Public International Law" (Pannelist: Francis Xavier SC)
- 2014 IPBA 24th Annual Meeting & Conference, 8-11 May 2014
Sessions:
- "Aviation Emissions and Carbon Trading – A New Phase in the Skies: Does it Beget Sustainability?" (Moderator: Kala Anandarajah, Chairperson, IPBA Aviation Law Committee)
- "Aviation Disputes – Contractual and Damages Claims in and Outside of an Aircraft" (Moderator: Francis Xavier SC)
- "Sustaining the Legal World: Gifts and Entertainment" (Speaker: Manichanh Philaphanh)
- "White-Collar Crime in Cross-Border Investments – Sustainability of Compliance" (Speaker: Chester Toh)
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