UK Court approved a restructuring plan despite shareholders retaining majority shares under the plan – Re Sino-Ocean Group Holding Ltd [2025] EWHC 205 (Ch)
The English High Court in Re Sino-Ocean Group Holding Ltd approved a restructuring plan despite it allowing the shareholders to retain a majority shareholding in the company and thus disproportionally benefiting the shareholders.
The suspension of the U.S. FCPA and its implications for U.S. affiliated entities operating in Asia
In February 2025, President Trump passed Executive Order 14209, which temporarily suspends criminal enforcement of the U.S. Foreign Corrupt Practices Act (“FCPA”) for at least 180 days, and directs the U.S. Department of Justice to review all existing FCPA investigations or enforcement actions, and issue updated guidelines or policies governing FCPA investigations or enforcement actions.
ASEAN Guide on AI Governance and Ethics covering Generative AI released
On 17 January 2025, ASEAN released the “Expanded ASEAN Guide on AI Governance and Ethics – Generative AI” (“ASEAN Gen AI Guide”) during the 5th ASEAN Digital Ministers’ Meeting in Thailand.