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Olongapo Court places Hanjin under Corporate Rehab

MANILA, Jan 16 (PNA) - An Olongapo court has formally declared cash-strapped shipbuilder, Hanjin Heavy Industries and Construction Philippines Inc. (HHIC Phil.), under corporate rehabilitation.

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Waris Selesa Sdn Bhd v Tradelift Indopalm Industries Sdn Bhd and Another Appeal

Date: 07 January 2019; Court: Court of Appeal; Citation: [2018] MYCA 443; Source: Federal Court Registry

Guidelines for Corporate Rescue Mechanism under Division 8 Part III of the Companies Act 2016

This is to notify the general requirements relating to Corporate Voluntary Arrangement and Judicial Management under Division 8 Part III of the Companies Act 2016, the Companies (Corporate Rescue Mechanism) Rules 2018 and Practice Directive No. 4/2018.
Date: 05 December 2018; Type: Guideline; Source: Companies Commission

Promotion of Investments (Exclusion of Income for MSC Status Company) Regulations 2018

This is to notify that Paragraph 3(1)(a) of the Promotion of Investments (Exclusion of Income for MSC Status Company) Regulations 2018, is deemed to have come into operation on 1 July 2018.
Date: 26 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 332 of 2018; Source: AGC Federal Gazette

Promotion of Investments (Determination of Assets under Section 29B in Respect of MSC Status Companies) (Revocation) Order 2018

This Order comes into operation on 1 January 2019.
Date: 26 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 335 of 2018; Source: AGC Federal Gazette

Promotion of Investments (Promoted Activities and Promoted Products for High Technology Companies) (Amendment) Order 2018

This Order is deemed to have come into operation on 1 July 2018.
Date: 26 December 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 336 of 2018; Source: AGC Federal Gazette

Wendy Tan Lee and 3 Others v Ng Hoo Kui and Another

Date: 19 December 2018; Court: Court of Appeal; Citation: [2018] MYCA 432; Source: Federal Court Registry

Chi Chao-Ton Tony and 2 Others v Repute Ventures Sdn Bhd

Date: 21 December 2018; Court: Court of Appeal; Citation: [2018] MYCA 425; Source: Federal Court Registry

Malayan Banking Berhad v Gan Bee San and 3 Others, and Another Appeal

Date: 22 November 2018; Court: Federal Court; Citation: [2018] MYFC 32; Source: Federal Court Registry

Public Limited Companies Act amended to introduce Business Management with Electronic Tools

BANGKOK, 14 December 2018 (NNT) - The Department of Business Development (DBD) has amended the Public Limited Companies Act to introduce more business management using electronic tools to improve the competitiveness and cut down the costs.
Date: 14 December 2018; Type: Legal News; Source: National News Bureau of Thailand

Low Tuck Choy v Low Teik Kien

Date: 22 November 2018; Court: Court of Appeal; Citation: [2018] MYCA 410; Source: Federal Court Registry

Re IM Skaugen SE and Other Matters

Companies - Schemes of arrangement - Moratorium under s 211B Companies Act

Date: 27 November 2018; Court: High Court; Citation: [2018] SGHC 259; Source: Singapore Law Watch

Koh Keng Chew and Others v Liew Kit Fah and Others

Companies - Oppression - Minority shareholders - Valuation of shares - Discount on minority shares

Date: 28 November 2018; Court: High Court; Citation: [2018] SGHC 262; Source: Singapore Law Watch

Senate ratifies revised Corporation Code

MANILA, Nov 28 (PNA) - Voting 17-0, the Senate on Wednesday ratified the reconciled version of the proposed measure that seeks to amend the Corporation Code of the Philippines to provide for a more business-friendly environment and boost the competitiveness of the country's economy.
Date: 28 November 2018; Type: Legal News; Source: Philippine News Agency

Evotech (Asia) Pte Ltd v Koh Tat Lee and Another

Companies - Directors - Duties

Date: 20 November 2018; Court: High Court; Citation: [2018] SGHC 252; Source: Singapore Law Watch

Company Admin Obligations to be simplified under the Law

When the Myanmar Companies Law is enforced come August 1, firms will no longer need to submit physical copies of original documents to the authorities as a digital online system will be used going forward,” said U ...

All Companies need to re-register starting from August 1 Listing Interest lackluster despite upcoming Law Draft Regulations of Companies Law released, go into effect in August more

Olongapo Court places Hanjin under Corporate Rehab

MANILA, Jan 16 (PNA) - An Olongapo court has formally declared cash-strapped shipbuilder, Hanjin Heavy Industries and Construction Philippines Inc. (HHIC Phil.), under corporate rehabilitation.

Senate ratifies revised Corporation Code Bill amending Corporation Code hurdles Second Reading at House Allied Banking Corporation v Eduardo De Guzman Sr more

Public Limited Companies Act amended to introduce Business Management with Electronic Tools

BANGKOK, 14 December 2018 (NNT) - The Department of Business Development (DBD) has amended the Public Limited Companies Act to introduce more business management using electronic tools to improve the competitiveness and ...

Industry Ministry to no longer require Factory License Renewals Justice Ministry holds Meeting on Reform of Asian Bankruptcy Laws more

INDUSTRY UPDATES

Judge unconvinced by Rapist’s Excuse

A supreme Court judge labelled a 72-year-old man’s excuse that police threats were the reason he confessed to raping a minor in Kampong Chhnang province in 2013 as “unreasonable”.

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INDUSTRY UPDATES

Customs Department offers Online Payment Services

BANGKOK, Jan 16 (NNT) - Businesses needing to make payments to the Customs Department can now do so through online banking.

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INDUSTRY UPDATES

January 21 Special Non-Working Day in ARMM, Two Other Cities

MANILA, Jan 17 (PNA) - Malacañang has declared Jan. 21, 2019 (Monday), a special non-working day in the Autonomous Region in Muslim Mindanao (ARMM), Isabela City, and Cotabato City for the plebiscite of the Bangsamoro Organic Law (BOL).

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INDUSTRY UPDATES

White Paper on Defence to be tabled in Parliament this Year

KOTA KINABALU, Jan 17 (BERNAMA) - The Ministry of Defence will table a White Paper on Defence which will detail the tasks and roles of the Malaysian Armed Forces, said Defence Deputy Minister Senator Liew Chin Tong.

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INDUSTRY UPDATES

Chief Justice calls for Government Audit on Rights of Indigenous People

KOTA KINABALU, Jan 17 (Bernama) - Chief Justice Tan Sri Richard Malanjum today proposed that the government conduct an audit on the rights of the indigenous people to ensure that they are in line with the United Nations declaration.

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INDUSTRY UPDATES

Rape victim testifies that Sex with Convicted Man was ‘Consensual’

A man who was sentenced to 10 years’ imprisonment for a 2007 rape asked the Appeal Court on Tuesday to release him on bail as he was suffering from mental illness.

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INDUSTRY UPDATES

PRRD appoints new Sandiganbayan Associate Justice

MANILA, Jan 16 (PNA) - President Rodrigo R. Duterte has appointed former Makati Regional Trial Court (RTC) judge Ronald Moreno as Associate Justice of the Sandiganbayan.

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INDUSTRY UPDATES

Foreign Ministry continues Ban on UN Special Rapporteur Lee

THE government said it would not rescind its ban on UN Special Rapporteur Yanghee Lee from entering Myanmar, despite her recent request, a Foreign Ministry official said Monday.

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INDUSTRY UPDATES

Pay the Minimum Wage or face Legal Action, Employers told

Employers in Laos will be subject to legal action if authorities discover they are failing to pay their workers the minimum wage.

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INDUSTRY UPDATES

DLT introducing Electronic Licenses

BANGKOK, Jan 15 (NNT) - The Department of Land Transport (DLT) has officially begun to introduce electronic drivers licenses, launching a downloadable application that can digitally hold driver authorizations and vehicle details.

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INDUSTRY UPDATES

DOLE vows Aid for Workers displaced by Hanjin Bankruptcy

MANILA, Jan 15 (PNA) - The Department of Labor and Employment (DOLE) on Tuesday vowed to assist 3,800 workers of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) who might be affected after the South Korean shipbuilder declared bankruptcy and applied for rehabilitation.

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INDUSTRY UPDATES

Over 100 Medicine Brands for Treatment of Diabetes, Hypertension, High Cholesterol now cheaper under TRAIN Law

The Food and Drug Administration (FDA) has submitted to the Department of Finance (DOF) a list of over 100 medicines with their corresponding generic names and brands for the treatment and prevention of diabetes, hypertension and high-cholesterol, the sale of which are now exempted from the payment of the value-added tax (VAT) beginning Jan. 1 as provided under the Tax Reform for Acceleration and Inclusion Act (TRAIN).

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INDUSTRY UPDATES

Tax Academy eyeing Campuses in Tagaytay, New Clark City

The Department of Finance (DOF) is planning to set up permanent campuses of the Philippine Tax Academy (PTA) in Tagaytay City in Cavite and New Clark City at the Clark Special Economic Zone in Pampanga.

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INDUSTRY UPDATES

Courts urged to speed up Judicial Reform

Hanoi, Jan 14 (VNA) - General Secretary of the Communist Party of Vietnam and President Nguyen Phu Trong has stressed the need for courts at all levels to speed up judicial reform and improve the quality of judgment to minimise inaccurate verdicts and overlooking criminals.

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INDUSTRY UPDATES

No Passport Data lost, breached: Government Printer

MANILA, Jan 14 (PNA) - No passport loss nor breach has occurred in the Department of Foreign Affairs (DFA), APO Production Unit Inc. (APUI), the current Philippine e-passport maker said Monday.

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INDUSTRY UPDATES

Complaint Boxes for Iskandar Puteri Schools to tackle Crimes

ISKANDAR PUTERI, Jan 14 (Bernama) - The Iskandar Puteri District police have suggested for the district’s schools to provide boxes for information or complaints to tackle various crimes involving students.

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INDUSTRY UPDATES

Tax Amnesty Programme aims to reduce People's Burden, says IRB

KUALA LUMPUR, Jan 14 (Bernama) - The Special Voluntary Disclosure Programme (SVDP) is a clear indication of the government's desire to reduce the burden of the people through taxation, Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah said.

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INDUSTRY UPDATES

Tengku Abdullah to be proclaimed as New Sultan of Pahang on January 15

PEKAN, Jan 12 (Bernama) - The Regent of Pahang Tengku Abdullah Sultan Ahmad Shah will be proclaimed as the sixth Sultan of Pahang, succeeding Sultan Ahmad Shah, on Jan 15.

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