CHINA

CHINA M&A RULINGS CREATE HOT COMPETITION FOR ANTITRUST LAWYERS

China's increasing regulatory influence over international mergers and acquisitions has helped to create the hottest new commodity in its legal industry: antitrust lawyers. Full story here.


HONG KONG

CE FIRM ON REFORM

Chief Executive (CE) CY Leung has announced again the Government's stand that constitutional reform should be implemented in accordance with the Basic Law and National People's Congress Standing Committee decisions. Full story here.

 

GOV'T DUTIES FULFILLED: CE

Chief Executive (CE) CY Leung has announced that the Government has completely fulfilled its duties in the executive-led political system, and has added that the Legislative Council's rules and procedures are outside the administration's purview. Full story here.


INDONESIA

House finalizes draft of mental health law

The House of Representatives Commission IX on health and demographic affairs, along with the Health Ministry, has agreed to bring the mental health law draft to a plenary session for final legislation. Full story here.

 

Police to enforce new law, pledge no violent Ramadhan raids

The National Police have promised to stop raids by mass organizations during Ramadhan a year after the implementation of the 2013 Mass Organizations Law. Spokesperson Sr Comr Agus Riyanto said on July 2, 2014 that the force would use the law as grounds to act against groups who conducted violent raids during the fasting month. Full story here.


KOREA

PARK, XI DISCUSS MULTIPLE REGIONAL ISSUES

Chinese President Xi Jinping has arrived in Seoul on July 3, 2014, where he discussed issues of the day with President Park Geun-hye like how to resolve the North Korean nuclear impasse and Japan's intensifying revisionist campaign. Full story here.

 

PRESIDENT, SC GROUP CEO DISCUSS FINANCIAL COOPERATION

President Park Geun-hye has met with the CEO of Standard Chartered Group Peter Sands on July 2, 2014 to discuss cooperation measures in the financial sector. Full story here.


MYANMAR

HIGH LEVEL OF CORPORATE SECRECY IN MYANMAR OIL AND GAS SECTOR

As resource-rich Myanmar gears up to join the global anti-corruption scheme for the oil, gas and mining sector, a survey by a London-based advocacy group found widespread corporate secrecy in the sector, which has long been plagued by corruption. Full story here.


PHILIPPINES

BEVY OF FOREIGN SUITORS WOO PHILIPPINE BANKS AHEAD OF DEREGULATION

A planned law allowing foreign firms to take full control of Philippine lenders is drawing eager suitors to the sector, including Japan's Mitsubishi UFJ Financial Group and Malaysia's CIMB Group Holdings, bankers familiar with the matter say. Full story here.

 

PH HOSTS 4TH ASEAN LABOR INSPECTION CONFERENCE

The Philippines will be hosting the Association of South East Asian Nations (ASEAN) Labor Inspection Conference from July 3 to July 4, 2014 in the Sofitel Philippine Plaza Hotel. Full story here.

 

SUPREME COURT ACKNOWLEDGED DISBURSEMENT ACCELERATION PROGRAM HAS YIELDED POSITIVE RESULTS: PALACE

The Supreme Court has acknowledged that the controversial Disbursement Acceleration Program (DAP) has produced positive results and helped enhance the economy, but diverged in its interpretation of the Constitution on the fine details of budget execution. Full story here.


SINGAPORE

PROPOSED COPYRIGHT LAW GETS SUPPORT

A copyright law targeting piracy websites has been proposed and it is strongly approved by content owners after a two-week-long public consultation exercise. Full story here.

 

PROPOSED SECONDARY LISTING FRAMEWORK WILL BE BENEFICIAL

A secondary listing framework, which relies on leading international index providers' classification of countries as developed or developing markets after taking into account the countries' legal, regulatory and enforcement framework, has been proposed. Full story here.

 

MEETING BETWEEN SHANMUGAM AND PM MODI CONSIDERED 'CONSTRUCTIVE'

Foreign Affairs Minister K Shanmugam has announced, after meeting with Prime Minister (PM) Narendra Modi, that Singapore and India are considering mutual partnership on urban planning, low-cost housing, development of smart cities, and clean-up of rivers. Full story here.


THAILAND

FOREIGN INVESTMENT 'WILL BE TRANSPARENT'

Coup leader Prayuth Chan-ocha has pledged to ensure all trade and investment deals with foreign investors would be transparent and open to checking. Full story here.

 

NACC PLANS STRICTER FINANCIAL RULES

The National Anti-Corruption Commission is considering new regulations requiring financial institutes to report cash transactions of more than 500,000 baht made by national and local politicians and government. Full story here.


VIETNAM

VN, PHILIPPINES DISCUSS BILATERAL, MULTI-LATERAL ISSUES

Deputy Prime Minister and Foreign Minister Pham Binh Minh and Philippine Foreign Minister Albert del Rosario met on June 2, 2014 to discuss the outcome of Prime Minister Nguyen Tan Dung's working visit to the Philippines in May 2014, as well as bilateral co-operation agreements and the East Sea issue with China. Full story here.