Asia and Australasia
On 14 June, the Monetary Authority of Singapore announced that it had punished the Singapore offices of 20 banks, after its year-long investigation into the "rigging" of Singapore's interbank lending rate. RPC outlines the punishment imposed by MAS and the implications for banks and insurers.
Law Firm: RPC | Published: 19 June 2013 | Practice Area: Financial Crime and Fraud
This month's Asia update discusses the latest on the Companies Ordinance rewrite; liquidity arrangements for listings by introduction; SEHK guidance on disclosure of risk factors; the reduction of business registration levy; and foreign exchange rules further simplified for FDI in China.
Law Firm: DLA Piper | Published: 18 June 2013 | Practice Area: Regulation and Compliance
Latham & Watkins' Book of Jargon provides lawyers, bankers and students with an introduction to legal and business terms often encountered in the structuring, negotiation and execution of mergers, acquisitions and dispositions in many countries around the globe.
Law Firm: Latham & Watkins | Published: 17 June 2013 | Practice Area: Mergers & Acquisitions
DLA Piper's quarterly review focuses on recently enacted Chinese legislation including Public Notice 59 and Circular Caishui No. 86. In Hong Kong, the newsletter looks at the proposal to extend profits tax exemption to certain equity transactions made by specific offshore funds.
Law Firm: DLA Piper | Published: 13 June 2013 | Practice Area: Enforcement and Regulation
China is about to amend its law for the protection of consumers, almost 20 years after it was first promulgated. The Draft strengthens protection of consumers' rights and imposes more obligations on businesses. Baker & McKenzie looks at what the draft says and its business implication.
Law Firm: Baker & McKenzie | Published: 11 June 2013 | Practice Area: Consumer Protection
The May edition of DLA Piper's Asia corporate newsletter focuses on recent consultations on connected transactions, listing decisions on reverse takeovers, new guidance for listing disclosures for mineral companies, review of disclosures in annual reports and the latest developments in the PRC.
Law Firm: DLA Piper | Published: 21 May 2013 | Practice Area: Regulation and Compliance
For corporations doing business across international borders, the need to prevent and detect wrongdoing has never been greater. This report considers best practice approaches to managing cross-border investigations and offers guidance on navigating the nuances of international data-privacy laws.
Law Firm: Control Risks | Published: 21 May 2013 | Practice Area: Regulators and Enforcement
On 16 April 2013. the Ministry of Commerce of the People's Republic of China conditionally approved the $30 billion takeover of Xstrata plc by Glencore International plc. MOFCOM's conditional approval of Glencore's purchase represents the largest merger in mining history.
Law Firm: Eversheds | Published: 17 May 2013 | Practice Area: Merger Control
The burden of defining trade secrets in employment contracts and other agreements ultimately rests with the company. The courts in Hong Kong have shown an unwillingness to permit companies to use implied restrictive covenants and trade secrets that restrict freedom of employment and competition.
Law Firm: DLA Piper | Published: 16 May 2013 | Practice Area: Confidentiality
In a case that potentially has important implications for US antitrust enforcement and for US trade relations with the People's Republic of China, this month a New York jury found Chinese manufacturers of vitamin C liable for fixing prices of vitamin C exported from China into the US.
Law Firm: Davis Polk | Published: 15 May 2013 | Practice Area: Competition Regulators and enforcement
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