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In Antitrust / Competition

Australia: ACCC Compliance and Enforcement Priorities in 2023/24

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On 7 March 2023, the Chair of the Australian Competition and Consumer Commission, Gina Cass-Gottlieb, announced the ACCC’s compliance and enforcement priorities for 2023/24 and the market studies and advocacy work that the ACCC would continue this year. Ms. Cass-Gottlieb identified a range of industry sectors, as well as specific competition and consumer law issues that will be the focus of the ACCC’s compliance and enforcement activities for 2023/24. Many of these areas continue from last year.

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In Corporate Compliance

Indonesia: Amendment of the Capital Markets Law – New post IPO compliance requirements

by , and 4 Mins Read

On 12 January 2023, the Government of Indonesia enacted Law No. 4/2023 on Development and Strengthening of the Financial Sector (Pengembangan dan Penguatan Sektor Keuangan). This law amended several laws, including capital markets law, which was regulated under Law No. 8/1995 on Capital Markets.
In this alert, we highlight some changes relating to post-IPO obligations (i.e., share ownership reporting, disclosure of material information and insider trading).

In Tax

Singapore Budget 2023: key tax updates

by , , and 3 Mins Read

Budget 2023 focuses on building a more resilient and innovative Singapore. As the country emerges from the Covid-19 pandemic, the nation now contends with inflationary pressures in the midst of global uncertainty. Budget 2023 seeks to provide support to businesses and households to weather the challenges ahead while ensuring that Singapore continues to uphold fiscal prudence.

In Tax

Malaysia: Budget 2023 – Updated Tax Highlights

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On 24 February 2023, Malaysia’s Prime Minister and Minister of Finance, Dato’ Seri Anwar Ibrahim unveiled the Malaysian Budget 2023, themed “Building Malaysia Madani.” This is the first budget introduced by the new Unity Government, and at RM388.1 billion, it is the largest expansionary budget in the country’s history. The MADANI budget is a testament to the Government’s commitment to a reform agenda that aims to drive economic recovery, boost tax revenue, promote good governance, and provide care for the people.

In Product Regulation & Liability

Singapore: HSA reports seizing over 737,000 units of illegal health products in 2022

by and 3 Mins Read

On 20 February 2023, the Health Sciences Authority announced that it had seized over 737,000 units of illegal health products worth SGD 640,000 in 2022 through enforcement raids and covert purchases. Illegal health products include unregistered or counterfeit health products, as well as products with potent medicinal ingredients and/or banned substances illegally added to them.

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