Transforming your supply chain – legal considerations in a new era
Over the past 24 months, businesses in Southeast Asia, a region that has a passing through of US$3.4 trillion worth of trade annually, have been forced to focus on and reassess their global supply chains. These businesses are on a journey of transforming their supply chains, to mitigate and de-risk their businesses, and are doing …
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Legal Changes Impacting the Capital Market and Joint Stock Companies in UAE
Federal Law No. 32 of 2021 on Commercial Companies (“New CCL”) came into effect on 2nd of January 2022 to entirely replace Federal Law No. 2 of 2015 on Commercial Companies (“Old CCL”).
Cryptocurrency in India: One Step Forward, Two Steps Back
Any recognized currency used around the world is defined as a “fiat currency” since such currencies are backed by a fixed commodity and are issued by the government. However, changing this is cryptocurrency. Cryptocurrency is not backed against a commodity or issued by the government and does not exist physically.
The Turkish Competition Board did not grant an exemption to the restriction of the sales of food supplements in e-commerce channels
On June 3, 2022, the Turkish Competition Board (“Board”) published its reasoned decision dated September 9, 2021 and numbered 21-42/611-298, rejecting Solgar Vitamin ve Sağlık Ürünleri Sanayi ve Ticaret A.Ş.’s (“Solgar”) exemption application for its dealership agreements (“Board’s Decision”).
Japanese Regulations on Non-Fungible Tokens (NFTs)
In recent years, the exploitation of digital assets using blockchain technology has been rapidly expanding. Among these blockchain-based digital assets, NFTs have the ‘unique’ feature, and have therefore enjoyed an increasingly strong market presence. Various types of NTFs, such as those related to digital arts, athletes, musicians and intellectual property (IP), have been put into …
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Ransomware – The Malaysian Legal Perspective
The emergence of technology with borderless access discovers a new spectrum of world to mankind – the virtual world. Thanks to technology, our daily activities and businesses are facilitated, simplified and accelerated. However, with the advancement of technology, dangers and threats through the virtual world are more imminent. As technology evolves and the medium revolves, …
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Due Diligence on ESG Matters
2020 has unwittingly proved the significance of financial and non-financial risks in assessing resilience. Sustainable companies are seen to be able to stand through the economic turmoil with higher resistance, or at least did not deteriorate as badly as others. Due to this, more heads are turning towards the importance of the environmental, social and …
Introduction to Malaysian Sugar Tax
In 2019, the Malaysian government introduced the so-called “Sugar Tax” as a means of addressing the growing prevalence of obesity and diet-related non-communicable diseases like diabetes by increasing the cost of Sugar Sweetened Beverages (“SSB”).1
The Risk of Cargo Liquefaction
Some bulk cargoes can cause cargo liquefaction if the moisture content exceeds a certain level. Cargo liquefaction occurs when dry bulk cargoes with high moisture content start to behave like liquids when the ship is moving. Such cargoes shift rapidly in the holds of a ship, resulting in free surface effect, making the ship unstable …
New Code of Conduct for Leasing of Retail Premises in Singapore
On 26 March 2021, Singapore Business Federation (“SBF”) announced the introduction of the Code of Conduct (“Code”) for the Leasing of Retail Premises which aims to enable fair and equal position in lease negotiation and introduce a dispute resolution framework. A Fair Tenancy Industry Committee (“FTIC”) will be formed by 1 June 2021 to monitor …
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