Legal and Tax Updates

On 23 December 2020, the Royal Government of Cambodia (“RGC”) issued a press release and rolled out ‘Round 7’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia. The RGC in their press release noted the positive update with respect to the development of a COVID-19 vaccine and the...

This edition of our Q&A series focuses on real estate financing and loan securitization issues in the Lao PDR. Given the continuing global uncertainty and economic disruption caused by COVID-19, investors are increasingly concerned about their ability to secure, dispose or otherwise transfer assets that are often now subject to revamped or revised local rules...

This edition of our Q&A series focuses on real estate financing and loan securitization issues in Cambodia. Given the continuing uncertainty and economic disruption caused by COVID-19 worldwide, investors are increasingly concerned about their ability to secure, dispose or otherwise transfer assets that are often now subject to revamped or revised local rules and regulations....

As this challenging year draws to a close, the COVID-19 pandemic has wrought unprecedented disruption, economic uncertainty, and ushered in never-before seen travel restrictions throughout the world. In response, governments and leading financial institutions across South and Southeast Asia have issued various initiatives, stimulus measures, and relief efforts within their respective countries in an attempt...

The Regional Comprehensive Economic Partnership (“RCEP”) Agreement was signed on 15 November 2020 between ASEAN Member States, Australia, China, Japan, Korea, and New Zealand. The RCEP is intended to replace and update existing ASEAN Plus One free trade agreements and provides coverage on a number of issues including trade in goods, trade in services, movement...

[Korean version below] On 9 December 2020, the Ministry of Labour and Vocational Training (“MLVT”) issued Notification 041/20 on Extending the Deadline for the 2021 Foreign Employee Quota Application (“Notification”). Through the Notification, the MLVT has delayed the submission deadline for 2021 foreign employee quota applications until 31 January 2021, being two months after the...

[Korean version below] Law on the Management of Commercial Gambling, Royal Kram NS/RKM/1120/031 dated 14 November 2020 Overview On 14 November 2020, the Law on the Management of Commercial Gambling (“Gambling Law”), the first comprehensive legislation to regulate casinos and commercial gambling centers in Cambodia, was promulgated. Before the passing of the Gambling Law, the...

DFDL, in exclusive association with Mataram Partners, has been serving the needs of domestic and foreign investors in Indonesia since 2011. MANPOWER Following the passing of the bill by the House of Representatives on 5 October 2020, Law No. 11 of 2020 on the Job Creation Law (the “Job Creation Law”) was finally enacted on...

On 20 November 2019, the National Assembly of Vietnam adopted the new Labor Code No. 45/2019/QH14 (“Labor Code 2019”) which will replace the current Labor Code 2012 (No. 10/2012/QH13 of the National Assembly of Vietnam dated 18 June 2012). The Labor Code 2019 will take effect on 1 January 2021 and revises and supplements several...

[Korean version below] On 15 November 2020, leaders of the ASEAN Member States, Australia, China, Japan, Republic of Korea and New Zealand witnessed the signing of the Regional Comprehensive Economic Partnership (“RCEP“) Agreement. The RCEP Agreement marks ASEAN’s biggest free trade pact to date, covering a market of 2.2 billion people with a combined size...