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Rajah & Tann Regional Round-Up

your snapshot of key legal developments in Asia

Issue 1 - Jan/Feb/Mar 2022

COVER STORY CAMBODIA CHINA INDONESIA LAO PDR
MALAYSIA MYANMAR PHILIPPINES SINGAPORE THAILAND VIETNAM
PHILIPPINES Amendments to Foreign Investments Act to Loosen Restrictions on Foreign Entrants and Boost Recovery after COVID-19 On 2 March 2022, President Rodrigo R. Duterte signed into law Republic Act No. 11647 ("Amended FIA"), amending Republic Act No. 7042 or the Foreign Investments Act of 1991. The Amended FIA aims to attract and promote productive investments in activities which significantly contribute to sustainable, inclusive, resilient, and innovative economic growth, productivity, global competitiveness, employment creation, technological advancement, and countrywide development to the extent that foreign investment in such activities is allowed by the Constitution and relevant laws. More
CAMBODIA Second Extension of Imposition of Penalties re: Application for E-Commerce Permit/Licence Establishment of the Cambodia Competition Commission Rules on the Management, Establishment, and Functioning of Trust Construction Permit by the Minister of Land Management, Urban Planning and Construction: Formalities and Procedures Cambodia's New Law on Investment More CHINA China Releases Implementing Rules of the Administrative Regulations on Human Genetic Resources (Draft for Comments) PRC Supreme People's Court Issues the Interpretations on Relevant Issues Concerning the Application of the PRC Anti-Unfair Competition Law Draft Regulations on Pop-up Push Notifications Bills of Lading Signed by or on Behalf of the Master – Owner's Bill or Charterer's Bill? Draft Law Potentially Lifts Prohibition on Ad Hoc Arbitrations in China More INDONESIA Multi-Voting Shares: Sweetener for Tech Start-Up IPOs? Committing to a Greener Future: Indonesia Embraces Implementation of Carbon Economic Value Indonesian Government Mandates BPJS Membership to Buy Lands and Properties LAO PDR Encouragement of Telecommunication Activities through Amended Law on Telecommunications Instruction on the Procedures for Applying for a Lao PDR Entry-Exit Permit during COVID-19 Pandemic Notice on Adding an Account Number Associated with Providing Electronic Money Services Notice on Opening a Trust Account Signing Ceremony for Digital Property Business Pilot Agreement More MALAYSIA New Licensing Requirement on the Provision of Cloud Services Comes into Force Latest Guidelines on Personal Data Protection Notices under the Personal Data Protection Act 2010 (PDPA) High Court Issues Key Decisions on Schemes of Arrangement Climate Risk Management and Scenario Analysis (Exposure Draft) Extension of Part IV of AMLA to IEOs, Digital Custodians and Digital Asset Advisors; Explicit Broadening to Equity Crowdfunding, Crowdfunding, P2P and other Recognised Market Operator Platforms More MYANMAR Central Bank of Myanmar Updates Enactment of Union Taxation Law 2022 Enactment of Myanmar Police Act Ministry of Commerce: Additions to List of Goods Requiring Import/Export Licences Intellectual Property Department – Refiling of Registered Trademarks More PHILIPPINES Amendments to the Public Service Act to Ease Foreign Equity Limitations Amendments to Foreign Investments Act to Loosen Restrictions on Foreign Entrants and Boost Recovery after COVID-19 Supreme Court Issues Rules on Expedited Procedures in the First-Level Courts Amendments to the Retail Trade Act to Further Encourage Foreign Retail Enterprises to Do Business in the Philippines Ease of Paying Taxes Act to Streamline Tax Compliance More SINGAPORE MAS Notices on Financial Measures Relating to Russia Sanctions: Impact on Financial Institutions in Singapore Singapore Court Issues First "Persons Unknown" Order in Decision Involving Cryptocurrency Forward, Together: Singapore Budget 2022 Towards an Efficient and Business-Friendly IP System – Intellectual Property (Amendment) Act 2021 Passed in Parliament Regional Comprehensive Economic Partnership Agreement Enters into Force More THAILAND 1 June 2022 Implementation Deadline under the Personal Data Protection Act Fast Approaching Digital Platforms – New Law may be Enacted in 2022 Amended Copyright Act to Take Effect on 22 August 2022 New Guidelines on Unfair Trade Practices New Division of the Civil Court Established for Online Trade Cases More VIETNAM Government Measures to Assist Economic Recovery under Resolution No. 43/2022/QH15 and Implementing Decree 15/2022/ND-CP: Keynotes and Implications New Law Amending the Law on Investment, Law on Enterprises, and Seven Other Laws Takes Effect on 1 March 2022 Decree Revising Legal Provisions and Regulations on Real Estate Trading Activities Takes Effect on 1 March 2022 Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.


	2024: Issue 1 - Jan/Feb/Mar 2024 Issue 2 - Apr/May/Jun 2024 2023: Issue 1 - Jan/Feb/Mar 2023 Issue 2 - Apr/May/Jun 2023 Issue 3 - Jul/Aug/Sep 2023 Issue 4 – Q4 2023 (Year in Review Edition) 2022: Issue 1 - Jan/Feb/Mar 2022 Issue 2 - Apr/May/Jun 2022 Issue 3 - Jul/Aug/Sep 2022 Issue 4 – Q4 2022 (Year in Review Edition) 2021: Issue 1 - Jan/Feb/Mar 2021 Issue 2 - Apr/May/Jun 2021 Issue 3 - Jul/Aug/Sep 2021 Issue 4 – Q4 2021 (Year in Review Edition)