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News & Analysis

Update on the Registration Obligation of Private Electronic System Organizers

28 July 2022 by Makarim & Taira S - Indonesia

Under Government Regulation 71 of 2019 on the Implementation of Electronic Systems and Transactions, Electronic System Organizers (“ESO”) are required to be registered with the Ministry of Communication and Informatics (“MOCI”). In addition, under MOCI Regulation 5 of 2020 (as amended by MOCI Regulation 10 of 2021), this registration obligation must be complied with within 6 months of OSS-RBA licensing coming into effect.

News & Analysis

Regulation on The Taxation of Financial Technology Implementation Services

13 July 2022 by Makarim & Taira S - Indonesia

In order to provide clarity regarding the tax obligations of financial technology providers and users in Indonesia, Indonesia’s Minister of Finance (“MOF”) issued MOF Regulation No. 69/PMK.03/2022 on the Income Tax and Value Added Tax on the Organization of Financial Technology (“MOF Reg 69/2022”) on 30 March 2022, which came into force on 1 May 2022. This regulation mainly covers Income Tax on Peer-to-Peer and Value Added Tax on financial technology service transactions.

News & Analysis

Re Scomi Group Bhd: Judicial Management Not Available for Public Listed Companies?

23 June 2022 by Shearn Delamore & Co

In this article, Douglas Goh Peng Fong discusses whether a public listed company can apply for a judicial management order under Subdivision 2 of Division 8 (Corporate Rescue Mechanism) of Part III of the Companies Act 2016 (“CA”).

News & Analysis

Corporate/M&A Auspicious Journey: The Federal Court decides on minority shareholders rights

05 May 2022 by A case note by David Lim Wei Choon

The Federal Court (“FC”) in Auspicious Journey Sdn Bhd v Ebony Ritz Sdn Bhd1 has affirmed in its reasoning on whether the remedy in section 181 of the Companies Act 1965 (“CA 1965”) (now section 346 of the Companies Act 2016 (“CA 2016”)) in a case where an organ of a company is exercising its power in an oppressive manner to the minority that liability may be imposed onto parties other than the majority shareholders.

News & Analysis

Real Estate: What is the length of notice required to terminate a tenancy validly?

21 April 2022 by Shearn Delamore & Co

In this article, Ng Lyn Ee considers the length of notice required to validly terminate a tenancy.

News & Analysis

Stock Exchange Conclusions on Corporate Governance Code

06 January 2022 by LC Lawyers

The Stock Exchange of Hong Kong Limited (“Stock Exchange”) published in December 2021 the conclusions to its consultation paper of April 2021 titled “Review of Corporate Governance Code and Related Listing Rules” , with an aim to enhance the corporate governance practices and reporting by listed companies.

News & Analysis

Integrity is key: Hong Kong’s new Corporate Governance Code mandates that issuers establish anti-corruption and whistleblowing policies

04 January 2022 by LC Lawyers

In our earlier publication “COVID-19 heightened corruption risks – A Hong Kong guide” , we forewarned that COVID-19 and the challenges it posed to enforcement authorities, organizations and their workforce would allow corruption to thrive.

News & Analysis

ESG Series – What is COP26?

22 November 2021 by LC Lawyers

As COP26 is making global headlines, what exactly is this gathering and what makes it different from other global summits in the past? In this article, we will briefly discuss COP26 and its significance in tackling climate change and what it means for businesses worldwide.

News & Analysis

ESG Series – Carbon credits and carbon trading

04 November 2021 by LC Lawyers

Climate change has been impacting our daily lives notably in the last few years as we are witnessing extreme weather conditions such as heavy rain, floods, and heatwaves at a global scale.

News & Analysis

Cross-boundary Wealth Management Connect - the official launch

30 September 2021 by LC Lawyers

The Cross-boundary Wealth Management Connect (“WMC”) in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”) of mainland China was officially launched on 10 September 2021.