The State Bank of Vietnam released a draft circular on conditions for enterprises’ offshore loans without government guarantee, which aims to replace Circular No. 12/2014/TT-NHNN dated 31 March 2014. The Draft Circular tightens the control on offshore loans to tackle the risk of excess national foreign debt quota and to promote the onshore loan market. Borrowers are now expected to meet additional conditions to borrow offshore loans without government guarantee.
Given the increasing popularity of direct-to-consumer genetic testing, the Ministry of Health has taken various initiatives to raise awareness of the risks arising from the use of such tests. In addition to various social media advertisements since December 2021 and issuing an advisory for consumers in August 2021, the MOH also issued a guidance document for providers of non-clinical genetic testing in May 2021.
On 27 April 2022, the Health Sciences Authority announced that it detected potent medical ingredients in two products that were marketed on local e-commerce and social media platforms. The HSA has since removed the affected listings and issued warnings to sellers of said products.
The Therapeutic Products Branch and the Health Products Regulation Group of the Health Sciences Authority recently revised its Guidance on Therapeutic Product Registration in Singapore, which took effect on 29 April 2022.
More than one year since China’s new Export Control Law became effective, the Ministry of Commerce has finally released the long-awaited Regulations on Dual-use Item Export Control draft, for public comments on 22 April 2022.
Baker McKenzie’s Sanctions Blog published the alert titled Japan introduces further sanctions against Russia on 19 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Representatives of the EU and New Zealand held negotiations from 14 to 31 March 2022, discussing most areas of the future free trade agreement between the jurisdictions. According to a two-pager published by the European Commission, EU’s request to be exempt from New Zealand’s import customs fees is the only outstanding element in the text as far as the topic “Trade in goods” is concerned.
Baker McKenzie’s Sanctions Blog published the alert titled Russia imposes blocking sanctions on foreign energy companies on 12 May 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
More than one year since China’s new Export Control Law became effective, the Ministry of Commerce has finally released the long-awaited Regulations on Dual-use Item Export Control draft, for public comments on 22 April 2022.
Dong Wei v Shell Trading (Pte) Ltd and anor [2022] SGHC(A) 8 concerned an appeal from the decision of the Singapore High Court in a case relating to the termination of an employee’s employment without cause and with pay in lieu of notice, following two investigations into allegations of conflicts of interest.