After more than 20 years enforcing the Anti-Monopoly Law (Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Practices), KPPU – the Indonesian Competition Commission – having experienced the highs and lows of investigating a wide range of anticompetitive behavior, issued KPPU Chairman Regulation No. 2 of 2023 on Guidelines for Assessing Negative Impact from Monopolistic and Unfair Business Practices.
Cyber fraud continues to pose a significant threat to businesses and individuals in Hong Kong and elsewhere around the world. According to the official statistics for Hong Kong, 2022 saw a significant increase of deception cases of over 8,000 cases, over 70% of which were Internet-related. The Hong Kong Police has developed a ‘No Consent Regime’, which encompassed a practice of issuing so-called ‘Letters of No Consent’ to banks for accounts which contain suspected proceeds of crime, thereby triggering informal bank freezes on these accounts.
On 3 March 2023, the Indonesian Ministry of Energy and Mineral Resources enacted the Regulation on the Implementation of CCS (Carbon Capture and Storage) and CCUS (Carbon Capture, Utilization and Storage) in Upstream Oil and Gas Business Activities (MEMR2/2023). The Regulation covers a wide range of matters, including planning of CCS and CCUS projects, implementation, monitoring, CO2 measurement, reporting and verification, financing and monetization and closure of CCS and CCUS projects.
The Department of Justice issued a series of Circulars that modify criminal procedure in the Philippines, by introducing the “reasonable certainty of conviction” standard when pursuing criminal cases, and implementing procedures that ensure proactive involvement by prosecutors during case build-up.
The eSafety Commissioner has issued a decision on proposed industry codes of practice under Australian online safety laws, which has significant implications for all companies operating online services in Australia.
In this regional update, we provide you with a practical overview of the most notable antitrust legal developments of Quarter 1 in 2023 that may affect your business.
On 8 May 2023, the Online Criminal Harms Bill was introduced for its first reading in the Parliament. The Bill follows a suite of legislation aimed at protecting the public from harms in the online space, and introduces mechanisms for authorities to more effectively tackle online criminal activity.
To enforce (i) Decree 53 guiding the Cybersecurity Law and (ii) the Personal Data Protection Decree (i.e., Decree 13), the Ministry of Public Security has been working on a draft Cybersecurity Administrative Sanctions Decree.
Baker McKenzie’s Sanctions Blog published the alert titled Japan introduces further sanctions against Russia on 30 May 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 23 May 2023, the Japanese government announced an amendment of the export control regulations on the additional semiconductor related items, which will go into effect on 23 July 2023.