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European Banking Authority Outsourcing Guidelines Come into Effect: Are you ready?

The EBA outsourcing guidelines came into effect on 30 September 2019. They are more prescriptive than the previous guidance and have a broader scope,...

Are You Ready for China’s Social Credit System?

Chinese government authorities have recently issued a series of policies and draft amendments to push forward the establishment of the Social Credit System (SCS)....

Doing Business in the Philippines 2019

Read publicationDoing Business in the Philippines guide provides an introduction to selected aspects relating to investment and business operations in the country, particularly foreign...

Philippines: The Securities and Exchange Commission issues guidelines on the number and qualifications of...

Recent Developments To implement Section 10 of Republic Act No. 11232 or the Revised Corporation Code of the Philippines (Revised Corporation Code), the Securities and...

Indonesia: New Regulation of Foreign and PMA Contractors Requires Stricter Compliance

A new Minister of Public Works and Housing ("MOPWH") regulation, Regulation No. 9 of 2019 on Guidelines for Foreign Construction Services Business Entities ("Regulation...

South Africa : Reflecting on the Concept of “Reflective Losses” in Company Law

The High Court in Hlumisa Investment Holdings (RF) Limited and Another v Kirkins and Others (Hlumisa judgment), was recently tasked with considering whether shareholders...

Companies (Amendment) Bill 2019: Five Key Amendments to the Companies Act 2016

Background The Companies (Amendment) Bill 2019 (“Bill”) was recently passed at the Dewan Rakyat on 10 July 2019 and will soon be tabled before the...

Dutch Proposal to Broaden the Scope of Mandatory Shareholder Notifications

I. Shareholder notification in the Netherlands On 23 May 2019, the Dutch government submitted a legislative proposal to classify a shareholding of 2% in a...

UAE Approves Foreign Ownership over 122 Business Activities

On 2 July 2019 the United Arab Emirates (UAE) Cabinet announced the relaxation of foreign ownership restrictions for 122 business activities specifically in the...

The Netherlands: Highlights of the Dutch Climate Agreement

On 28 June 2019, the Dutch government presented the new climate agreement (Klimaatakkoord). It contains a set of measures drawn up in consultation with...

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