Gibraltar has always had a ‘special status’. A British Overseas Territory located at the southern tip of the Iberian Peninsula, Gibraltar controls all its own affairs, taxation and policies, with the exception of defence and foreign relations. But unlike all Britain’s other overseas territories and dependencies, Gibraltar has also been part of the European Union since 1973.

The Annual Investment Meeting is the world's leading and most established gathering of the international investment community, leading academics and experts showcasing up-to-date information, strategies and knowledge on attracting Foreign Direct Investment (FDI).

On 14 March 2019, the Executive Yuan passed the draft amendment to Articles 149 and 150 of the Criminal Code related to the Offenses of Interference with Public Order. We summarized the key points below: (1) The provision of “public gathering” of these 2 Articles is amended to “gather more than three people in public or the place where unspecific people may enter”. (2) The provisions of “carrying lethal weapon” and “cause the danger to public or...

As part of our continuous efforts to expand our professional services in the region, we are proud to announce the launch of the Compliance & Investigations Practice. The practice will be headed by Jonathan Blaine and will provide advice on compliance, risk, governance, and special investigation services to our clients across the region.

Further to our update on Prakas 443 on Seniority Payments (“Prakas 443”) issued by the Ministry of Labour and Vocational Training (“MLVT”) on 21 September 2018 in this link, the MLVT issued Guideline 042/19 on Payment of Back Pay of Seniority Pay prior to 2019 (“Back Pay”) for Enterprises outside of the Garment, Textile and Footwear Manufacturing Sectors on 22 March 2019 (“Guideline”).

Notification 4908 issued by the General Department of Taxation (GDT) on the 18th of March 2019 requires all registered taxpayers in the self-assessment taxation regime in Cambodia to now provide the total amounts, in tax invoices that they issue to customers, in Khmer Riel (KHR).

February 2019 was a tumultuous month for the Indonesian crypto-industry with the introduction of regulations that impose staggering thresholds for minimum capital and closing balance requirements among other stringent qualifying criteria for Crypto Asset Exchanges, Custodians, Clearing Agencies and Traders.

Movable properties, including intangible properties such as receivables and intellectual property rights, can now be more easily used as collateral for loans under Philippine law with the enactment of Republic Act No. 11057 or the Personal Property Security Act (PPSA).

In compliance with the obligations to implement OECD/BEPS reforms, Thailand’s Cabinet has just announced the complete cancellation of all tax benefits granted under three longstanding and significant BOI incentive programs: Regional Headquarters (ROHs), International Headquarters (IHQs), and International Trade Centers (ITCs).

The State Bank of Vietnam (the “SBV”) issued Circular No. 42/2018/TT-NHNN dated 28 December 2018 (“Circular 42”) that amends and supplements specific articles of Circular No. 24/2015/TT-NHNN of the SBV dated 8 December 2015 (“Circular 24”) regulating lending in foreign currencies to resident borrowers by credit institutions and foreign bank branches established and operating in Vietnam (the “Lenders”). Circular 42 took effect from 1 January 2019.