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Asian Legal Review

We understand Legal Issues in Asia

Month: July 2023

Posted on July 28, 2023

FCA consults on UK social media financial promotion guidance

The Financial Conduct Authority (FCA) has launched a consultation on new guidance for financial promotions on social media.

Posted on July 28, 2023

Sri Lanka’s Hambantota port could be China’s top choice for next naval base: report

According to the US-based AidData research project, the port is the most likely spot for a base given the US$2.19 billion Beijing has already invested there.

Posted on July 28, 2023

Typhoon-prone Philippines plans to launch an insurance plan to indemnify damages to infrastructure by natural disasters

The proposed new insurance plan is intended to protect the Southeast Asian nation from infrastructure losses caused by natural disasters.

Posted on July 27, 2023

UK VAT recovery allowed on professional services incurred on corporate fundraising disposal

A corporate group that disposed of a subsidiary to fund the development of a new hotel should be allowed to recover the VAT incurred on the professional fees it incurred in order to achieve the sale of the shares, the UK Upper Tribunal has confirmed.

Posted on July 27, 2023

North Korea backs Moscow’s ‘battle for justice’ as Kim Jong-un shows off banned missiles to Russian minister

Kim led defence minister Sergei Shoigu on a tour of an exhibition of new weapons as Pyongyang and Moscow pledged to deepen their strategic ties.

Posted on July 27, 2023

Weaker yen, Osaka casino bet spark Singapore property investors’ rush to Japan

Agents said buyers are snapping up residential units and tourist accommodation in Osaka, where a casino resort is expected to open in 2029.

Posted on July 26, 2023

Existing data transfer mechanisms remain useful and can benefit from EU-US adequacy decision

Many businesses seeking to transfer personal data from the EU to the US may still rely on exiting transfer mechanisms despite the fact the EU-US Data Privacy Framework (DPF) is now in effect, a data protection law expert has said.

Posted on July 26, 2023

Over 1 in 25 Tokyo residents are now foreign as Japan population tumbles for 14th year in a row

More than 580,000 of a record 2.99 million foreign nationals now living in Japan call the capital home, while the number of Japanese residents fell for the first time ever in all 47 of the country’s prefectures.

Posted on July 26, 2023

Cambodia’s Hun Sen resigns as prime minister after 38 years

The 70-year-old Hun Sen has led Cambodia with an iron fist for nearly four decades. He said on Wednesday he will resign and hand power to his eldest son Hun Manet.

Posted on July 25, 2023

India’s Hindu hardliners slam Oppenheimer sex scene featuring holy book: ‘it amounts to waging a war’

An official has urged director Christopher Nolan to cut a scene featuring the Bhagavad Gita, calling it an ‘assault on religious beliefs of a billion tolerant Hindus’.

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