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Hong Kong’s New Tax Incentives for R&D

The Inland Revenue (Amendment) (No. 7) Ordinance 2018 (the “Amendment”) has come into operation on 2 November 2018 to put in place an enhanced...

Common Reporting Standard: Potential Impacts on Financial Institutions in Thailand and Residents

Snapshot: The happeningsThailand has committed to new global regimes on exchanges of financial information among multiple jurisdictions by joining the Global Forum on Transparency...

China’s revised Criminal Procedure Law expands powers for corruption trials

On 26 October 2018, the Standing Committee of the National People’s Congress passed the revised PRC Criminal Procedure Law (“CPL”) which introduces, among other...

Foreign Companies Allowed to Operate Insurance Business in Myanmar

On 2 January 2019, the Ministry of Planning and Finance issued an announcement (Announcement No. 1/2019) inviting local and foreign companies to submit expressions...

Thailand: Cybersecurity Bill Revised and Reissued in November 2018

Following our updates on the Thai Cybersecurity Bill ("Cybersecurity Bill" or "Bill") in October 2018, the Bill was revised by experts from the National...

Thai National Legislative Assembly approved the draft amendment to the Labour Protection Act

On 13 December 2018, the National Legislative Assembly ("NLA") approved the draft amendment to the Labour Protection Act (“Draft”). The Draft will be submitted...

Myanmar: The President Office Issues Project Bank Notification Aiming to Stimulate Public Private Partnerships...

Development of the Project Bank Under the Notification issued on 30 November 2018, a project bank (Project Bank) will be established by the Ministry of...

The Stock Exchange of Hong Kong Limited releases an updated Environmental, Social and Governance...

Recent developments On 16 November 2018, the Stock Exchange of Hong Kong Limited (SEHK) published: (1) the findings of its latest review of listed companies'...

New Property Tax in Thailand

On 16 November 2018, the National Legislative Assembly ("NLA") passed the Land and Building Tax Act ("Act") after lengthy deliberation by the committees involved....

China Employment Law Update, October 2018 edition

Various new regulations issued on Hong Kong, Taiwan and Macao residents working in mainland China PRC authorities have recently issued several national notices to repeal the employment...

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