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INSIGHTS

Insights

We provide you with all of the latest legal developments in Southeast Asia, ensuring that you have the up-to-date knowledge you need to navigate the ever-changing legal landscape affecting your business. You can browse our entire library of publications below, and email [email protected] to sign up for updates that are relevant to your interests, delivered straight to your mailbox, as they emerge.

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August 30, 2019
One of the problems international businesses face in doing business in Myanmar is dispute resolution. The Myanmar court system is opaque and extremely slow, and local litigators charge surprisingly high fees. Arbitration is an obvious solution to this problem, and following the Myanmar Arbitration Law (2016) (AL) almost all commercial contracts of substantial value now contain arbitration clauses, usually for arbitration abroad-most commonly at the Singapore International Arbitration Centre (SIAC).
August 26, 2019
On August 13, 2019, Thailand’s Office of Insurance Commission (OIC) held a meeting to clarify its regulatory plan, which focuses on amendments to the approval process for insurance products and standard health insurance contracts. The amendments are expected to be implemented within this year.Amendments to the Approval Process for Insurance ProductsThe OIC plans to introduce a new approval system for insurance products. The amendments will reduce the timeline for approvals for insurance products as follows:
August 6, 2019
On May 5, 2019, amendments to Thailand’s Labour Protection Act (LPA) introduced changes to a variety of employer obligations to enhance employee protection, including statutory severance pay, maternity leave, and paid necessary business leave, among others. It also set out key amendments to the law governing workplace relocation, and employers should be sure to familiarize themselves with these new provisions due to their potential impact on business operational decisions in future.
August 5, 2019
John Frangos, a partner and deputy director of Tilleke & Gibbins’ dispute resolution department, and Santhapat Periera, a partner in the firm’s corporate and commercial department, have contributed the Thailand chapter of the Chambers & Partners Aviation Finance & Leasing Guide—a publication covering the most important legal developments affecting aircraft lessors, lessees, and financiers in 20 strategically impor
July 30, 2019
This article was first published on Franchising Insider —a blog maintained by US Law Firm Quarles & Brady LLP—and was co-authored by Dino Santaniello, head of Tilleke & Gibbins’ Vientiane office, and Robert A. Smith, a partner in the Washington, DC, office of Quarles & Brady LLP.Introduction
July 24, 2019
On July 12, 2019, the Securities and Exchange Commission of Myanmar issued Notification 1/2019 which announced that foreign entities and individuals will be permitted to invest in the shares in Myanmar companies listed on the Yangon Stock Exchange (YSX). Ownership will undoubtedly be restricted at most to 35% of such shares, which corresponds with the designation of Myanmar companies with more than 35% foreign shareholding as “foreign” companies under the Myanmar Companies Law (2017).
July 23, 2019
On June 7, 2019, Laos’ official electronic gazette published the updated Law on Commercial Banks No. 56/NA, as amended, dated December 7, 2018. The law came into effect 15 days after its publication in the gazette. Banks already established in Laos have two years to implement the new rules, except the increased minimum registered capital requirements for which they have five years.Registered Capital