Asian Legal Review

Inbound passporting EEA financial services firms wishing to continue operating in the UK within the scope of their current permissions after Brexit, and fund managers wishing to continue to market passported funds in the UK after Brexit, can now do so by notifying the FCA of their wish to enter the temporary permissions regime.

A strong 6.6-magnitude earthquake struck off the Indonesian coast early Monday, sending residents running out of their homes, but no tsunami warning was issued.
The quake hit at a depth of 60km (40 miles) under the Maluku Sea, some 175km north northwest of the city of Ternate, according to the USGS.
There were no immediate reports of damage or casualties and Indonesia’s geophysics agency did not issue a tsunami alert.
“We felt the quake and some people got out of their house but…

The uneasy truce between Singapore’s Prime Minister Lee Hsien Loong and his estranged younger siblings could soon be over, with public prosecutors now seeking to re-examine the circumstances surrounding their late father and former premier Lee Kuan Yew’s final will – the very issue that saw the trio bicker in public in 2016. The revelation of this development in a Facebook post late on Sunday by Lee Hsien Yang and Lee Wei Ling puts into focus the deep acrimony that remains…

Rakhine insurgents killed 13 policemen and injured nine in attacks on four police posts in Myanmar’s Rakhine state on Friday as the country marked Independence Day, the official news agency said.
Fighting resurged in Rakhine state in early December between government forces and the rebel Arakan Army, which wants greater autonomy for Rakhine, where the mainly Buddhist Rakhine ethnic group makes up the majority. The Arakan Army does not cite religion as a factor in its insurgency.
It was…

Every AFTERNOON, as the neighbourhood of Pul-e-Surkh in the Afghan capital of Kabul starts to come alive, 10-year-old Breshna takes her bag of socks and chewing gum and starts working the local cafes, shops and supermarkets. In scrappy clothes and with hands numb from the cold, she walks from business to business bearing her items for sale – as well as the heartache of losing her mother and father.
Breshna was six years old when her father died of cancer, thrusting her into a life of work…

North Korea’s top diplomat to Italy, who South Korea’s spy agency says has gone into hiding along with his wife, appears to be the latest member of the North’s elite to abandon the secretive totalitarian state.
Many of them have expressed frustration over what they described as an oppressive police state in Pyongyang or desires for their families to have new lives in South Korea or the West. The North, which touts itself as a socialist paradise, is extremely sensitive about…

New laws requiring large quoted UK public companies to be more open about their remuneration of boardroom executives have come into force.

ANALYSIS: Fund managers will need to alter existing practices to comply with reforms to UK limited partnership laws likely to be introduced in 2019.

Tourists marooned on Thai islands hunkered down on Friday as Tropical Storm Pabuk struck the kingdom, forcing airports and ferries to close and bringing power blackouts, heavy rains and massive sea swells.
Boats were recalled to shore across the Gulf of Thailand, while two key airports – Koh Samui and Nakhon Si Thammarat – were shut until Saturday, leaving tourists who remained on the islands cut off.
Meteorologists said Pabuk, the first tropical storm in decades to strike during…

it has been called the Bohemian Rhapsody phenomenon – the movie that celebrates the band Queen and the life of lead singer Freddie Mercury has rapidly become a cultural obsession across East Asia.
In South Korea, a country of just 51 million people, the film has already sold 9.4 million tickets, with box office receipts of US$72 million second only to the United States and even overtaking those in the band’s home country of Britain, according to film industry data. [보…