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There has been speculation of the possibility of a withdrawal by a Member State from the Euro. What are the issues for creditors that would arise if a Member State were to decide to leave the Eurozone? What are the potential methods by which a Member State could exit and what are the different consequences? … Read more
In Gao Haiyan and another v. Keeneye Holdings and another CACV 79/2011, the Hong Kong Court of Appeal has allowed the enforcement of a mainland Chinese arbitral award, reversing a decision of the Court of First Instance to refuse enforcement on the grounds of public policy. The judgment contains useful guidance for practitioners and parties … Read more
The Singapore Court of Appeal has overturned a High Court judgment setting aside an arbitral tribunal’s decision on public policy grounds. The tribunal had found that a settlement agreement entered into between the parties was legal and enforceable. The High Court set aside the arbitral tribunal’s decision on the basis that the settlement agreement was … Read more
On 12 September 2011, the International Chamber of Commerce (ICC) officially unveiled its new Arbitration Rules (the “2012 Rules”), which come into force on 1 January 2012 . They will apply to any arbitration commenced after that date, unless otherwise agreed by the parties. The first edition of the ICC Rules was published in 1922. … Read more
In the case of Kinform Ltd v Tsui Loi (DCMP 947/2011), the Hong Kong District Court found two defendants guilty of contempt of court for verifying, or causing to be verified, a false statement by a statement of truth, and handed down immediate custodial sentences of five and six months respectively. This is the first … Read more
With increasing public concern over data protection issues, a bill imposing more stringent rules on the use of personal data is being considered by the Legislative Council in Hong Kong. Meanwhile over in Singapore, a consultation paper on the introduction of a general personal data regulatory regime in Singapore was also recently issued in September … Read more
China’s Anti-Monopoly Law (AML), effective August 2008, introduced a new merger control regime in China. China’s Ministry of Commerce (MOFCOM) is the main regulatory authority. Betty Tam provides an overview of the new regime. Read more