“Sustainability Solution EP.2: The First E in ESG – Environmental” is presented by partners from our ESG team: Bulin Sanooj, Ornsiri Samarnmitr and Nam-Ake Lekfuangfu. In this episode, our team discusses the environmental aspect of ESG, recent developments, and why it matters for businesses to pay close attention to these issues now. This video is in Thai with English subtitles.
Recently, we have observed that the labor authorities in Peninsular Malaysia have increased efforts to monitor employers’ compliance with the local laws and practice. With the expansion of the scope of the Malaysian Employment Act (EA) effective 1 January 2023 to cover all employees in Peninsular Malaysia (and Labuan), employers are reminded of their statutory obligations, especially those under the EA.
In recent months, generative artificial intelligence has taken the world by storm. Following plans to offer generative AI products announced by Chinese companies, the Cyberspace Administration of China released on 11 April 2023 the Measures for the Management of Generative Artificial Intelligence Services for public consultation. Following the consultation period, the interim measures were published on 13 July and take effect on 15 August.
Baker McKenzie cordially invites you to attend briefings in Dubai and Abu Dhabi focusing on the M&A and private equity landscape and growth investments in Asia. The interactive sessions will take place on 5 and 6 September, and explore a range of issues, including 1) Market trends in M&A and private equity/venture capital deals; 2) Common issues for foreign investors in the Asian market.
“Sustainability Solution EP.6: What is the “S” in ESG?” is presented by partners from our ESG and Labour and Employment teams, Nam-Ake Lekfuangfu and Theeranit Pongpanarat. In this episode, our team discusses what the social element means when we talk about the “S” in ESG and why it matters for businesses.
This episode is the latest installment in our YouTube series “Sustainability Solution”, which features regular update of key legal highlights on sustainability and ESG. This video is in Thai with English subtitles
On 28 July 2023, speaking at a seminar at KPPU’s head office, the competition authority’s Director of Mergers and Acquisitions indicated that KPPU may consider applying a new method for calculating administrative fines taking into account the sanctioning provisions under the Government Regulation No. 44 of 2021. This would enable KPPU to impose fines of more than the nominal limit of IDR 25 billion set under the Government Regulation No. 57 of 2010, increasing the legal risks for failing to file merger notices on time.
A recent High Court decision and the re-introduction of proposed legislation to Parliament which will make it easier to prosecute bribery of foreign officials, both emphasize the importance of companies having adequate procedures in place to ensure that their employees and agents are not engaging in conduct which could expose the company to significant fines.
On 2 August 2023, under Resolution No. 122/NQ-CP, the government approved the formulation of a Resolution of the National Assembly as proposed by the Ministry of Finance for implementing Pillar Two. In particular, the proposal of the MOF includes a draft resolution on the Income Inclusion Rule and Qualified Domestic Minimum Top-up Tax in addition to other documents such as reports on impact and opinions of other ministries. The government plans to have the proposed legislation discussed and adopted during the October session of the National Assembly.
In response to the “MeToo” movement, Taiwan’s Government amended the Act of Gender Equality in Employment (AGEE) on 31 July 2023. The new AGEE amendments will take effect on 8 March 2024.
We are pleased to announce that Baker McKenzie has published the FY24 edition of Directors Duties in Australia.
Matters covered in the guide include common law and statutory duties, financial reporting, continuous disclosure, insider trading and other topical issues including managing environmental and cyber security risk.