FIAU publishes revised version of Implementing Procedures – Part II for the Virtual Financial Assets
On 18 September 2020 the Financial Intelligence Analysis Unit (the “FIAU”) published a revised version of the Implementing Procedures – Part II on the ‘Application of Anti-Money Laundering and Countering the Funding of Terrorism Obligations to the Virtual Financial Assets Sector’(the ‘VFA Procedures’).
HIRA & GST Issues on Cancellation of Units
Rajarshi Dasgupta, Executive Director & Head of Taxes, AQUILAW Swarnali Chanda, Senior Associate, AQUILAW
IMPACT OF NEW DATA PROTECTION BILL ON APPLICATIONS’ AND WEB PLATFORMS’ PRIVACY AND COOKIE POLICI
Typically, an application or web platform engages in bidirectional flow of data between itself and the user. Collection of user information is essentially regulated by two distinct policies – privacy policy and cookie policy.
Customs Recordation in Myanmar Fights Trade in Counterfeit Goods
The Myanmar Customs Department (MCD) organized another Intellectual Property Awareness and Product Identification Workshop at its Customs Training School in Yangon on August 6, 2020, for its frontline customs officers. Such workshops are held numerous times every year, serving as a platform for foreign brand owners and their local representatives to educate and update the …
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Use of Drones in Commerce Deliveries in India
In India, the Drone system is regulated by the government through the Directorate General of Civil Aviation (“DGCA”). The DGCA very recently came up with the draft Unmanned Aircraft System Rules, 2020 (“Draft UAS Rules” or “Rules”) on June 02, 2020. The power to issue such rules have been conferred upon the Central Government under …
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ECONOMIC RECOVERY PLAN – TIMOR-LESTE
The Government of Timor-Leste has approved the Economic Recovery Plan aimed at tackling the economic downturn caused by the COVID-19 outbreak.
ORGANIZATION OF THE STATE’ S DIRECT AND INDIRECT ADMINISTRATION – TIMOR-LESTE
The recently enacted Decree-Law 30/2020, of 29 July 2020, established a new framework applicable to the Organization of the State’s Direct and Indirect Administration and repealed the former framework established by Decree-Law 12/2006, of 26 July 2006, as amended by a Rectification published in the Official Gazette, no. 14, Series I, of 31 August 2006.
Update Note on Consumer Protection (E-Commerce) Rules, 2020
Introduction:- The Consumer Protection (E-commerce) Rules, 2020 (“Rules“) were notified by the Government of India on 20.07.2020. The Rules are intended to complement the Consumer Protection Act, 2020 (“Act“) to by regulating all e-commerce activities and transactions. The Rules have sought to govern all such e-commerce activities by laying down duties and liabilities to be …
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Tax Updates August 2020 (SyCipLaw Tax Issues and Practical Solutions (TIPS) Vol. 2)
SyCipLaw’s Tax Department prepared a TIPS bulletin for the month of August.
A Different Perspective to Employer`s Liability for Anti-competitive Behaviors
A Different Perspective to Employer`s Liability for Anti-competitive Behaviors: Arçelik’s Application for Leniency