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News & Analysis

China: New Notice on Reforming Foreign Exchange Administration for Cross-border Investment and Financing (Draft for Public Comments)

07 July 2025 by Global Law Office - China

On June 18, 2025, the State Administration of Foreign Exchange of China (the “SAFE”) released the “Notice of the State Administration of Foreign Exchange on Matters Related to Deepening Reforms in Foreign Exchange Administration for Cross-border Investment and Financing (Draft for Public Comments)” (hereinafter referred to as the “Notice”) and solicited public comments.

News & Analysis

Macao SAR: Legal Alert: Macau Government Approves New Rules for 2025 Economic development pecuniary contribution plan

19 June 2025 by Lektou - Macao SAR

The Executive Council of the Macau SAR Government has finalized discussions and approved the draft administrative regulation for the “2025 Economic development pecuniary contribution plan”.

News & Analysis

China: New Era of Filing for Overseas Listing Series (XII) – Hong Kong Listing of A-share Listed Companies

19 June 2025 by Han Kun Law Offices - China

In April 2024, the China Securities Regulatory Commission ("CSRC") issued five cooperation measures with Hong Kong regarding the capital markets to support leading mainland companies to list in Hong Kong. In October 2024, the Securities and Futures Commission of Hong Kong ("SFC") and the Stock Exchange of Hong Kong Limited ("SEHK") issued the Joint Statement on Optimizing the Timetable of the Examination and Approval Process for New Listing Applications, which sets up a "fast examination and approval channel" for eligible A-share listed companies whose valuation is above RMB 10 billion. Under the support and guidance of relevant policies, since the second half of 2024, a large number of A-share listed companies have been preparing to issue H shares for listing in Hong Kong.

News & Analysis

South Korea: Vietnam’s Decree 94: Introducing Regulatory Sandbox for Fintech Innovation

19 June 2025 by Jipyong - South Korea

On May 15, 2025, the Government of Vietnam promulgated Decree No. 94/2025/ND-CP (“Decree 94”), introducing a regulatory sandbox mechanism for certain fintech activities in the banking and financial services sector.

News & Analysis

Vietnam: VILAF Advised AFD in the €67 Million Loan Agreement to EVNNPT Vietnam’s First JETP Funding

19 June 2025 by VILAF - Vietnam

VILAF extends our congratulations to the Agence Française de Développement (AFD) and the National Power Transmission Corporation (EVNNPT) on the signing of the €67 million (approximately USD75 million) loan agreement for the funding of the expansion and modernisation of power transmission grids in Vietnam.

News & Analysis

Malaysia: Bursa Malaysia launches Shares2U to attract retail investors

19 June 2025 by Shearn Delamore & Co - Malaysia

On 22 May 2025, Bursa Malaysia Berhad (“Bursa Malaysia”) haslaunched Shares2U, a securities transfer scheme which allowsParticipating Organisations (“POs”) to incentivise retailinvestors with eligible Bursa Malaysia-listed shares as part oftheir marketing initiatives.

News & Analysis

Indonesia: Indonesia Tightens Police Oversight for Foreign Journalists and Researchers

19 June 2025 by Makarim & Taira S - Indonesia

The Indonesian National Police has issued a new regulation that allows officers to issue clearance letters (“Police Certificate”) for certain activities by foreign nationals in Indonesia, particularly those involving journalism and research.

News & Analysis

India: Heir of the Family Trademarks

19 June 2025 by Anand and Anand - India

Sandhya Singh

News & Analysis

South Korea: Reporting Obligations for Foreign Financial Accounts and the Tie-Breaker Rule under Tax Treaties: Recent Legislative and Judicial Developments

03 June 2025 by Lee & Ko - South Korea

As tax transparency initiatives gain momentum and tax authorities enhance their oversight of offshore assets, the obligation to report foreign financial accounts has become a key compliance requirement that taxpayers must understand and adhere to.

News & Analysis

India: Supreme Court Clarifies Scope of Judicial Interference Under Sections 34 and 37 of the Arbitration Act

27 May 2025 by Singularity Legal - India

The Arbitration and Conciliation Act, 1996 (“Act”) is founded on the principle of minimal judicial interference, with Sections 34 and 37 offering limited avenues for courts to intervene in the arbitral awards, primarily through setting them aside or hearing appeals against such decisions.