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Hong Kong: New accounting and other cost-saving requirements under the Companies Ordinance effective soon

The Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "CO") has been further amended by the Companies (Amendment) (No. 2) Ordinance...

China’s ranking declines in Transparency International’s latest Corruption Perception Index

Transparency International (TI) has just released its 2018 Corruption Perception Index (CPI). The CPI continues to be an important gauge by companies in managing...

CPTPP – Customs issues for Vietnam

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially entered into force for Vietnam on 14 January 2019. From a customs perspective, there...

SEHK’s new review structure for Listing Committee decisions will take effect around mid-2019

Summary On 18 January 2019, The Stock Exchange of Hong Kong Limited (SEHK) published its consultation conclusions on proposed changes to the review structure for...

The Philippine Competition Commission issues the Rules of its Leniency Program

Recent Developments On 27 December 2018, the Philippine Competition Commission (PCC) issued the Rules of the Leniency Program (Rules). The Rules fully implement the PCC's...

Connected Compliance: The Global Case for Integration

Leverage the value of connected compliance to your competitive advantage In the autumn of 2017, we spoke with more than 500 UK multinationals about their...

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...

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