In a landmark decision handed down by the Singapore High Court, an independent director’s
conviction for market misconduct was overturned. As a result of this case, company directors
are no longer in the dark about their disclosure obligations and duties under the Securities and
Futures Act. Melissa Russell and Victoria Macgregor of Clyde & Co LLP Singapore (with assistance
from Clasis LLC) shed light on the requisite thresholds that need to be crossed in order
to impute liability upon independent directors.
David Livdahl, Jenny Sheng and Chunbin Xu of Paul Hastings take us through the old requirements imposed on qualified foreign institutional investors (QFII’s) and enlighten us as to how the new measures will have the effect of relaxing protocols for foreign investors.
Slated to take effect in October of this year, the new Personal Data (Privacy) (Amendment) Ordinance has been introduced with a view to invigorating and reinforcing the data privacy landscape in Hong Kong. The new amendments will home in on the use and transfer of personal data for direct marketing purposes. Anna Gamvros and Aaron Bleasdale of Baker & McKenzie examine the importance of these changes and the penalties for non-compliance.
David Smyth and David Luk of Smyth & Co (in association with Reynolds Porter Chamberlain LLP), review Hong Kong’s new Financial Dispute Resolution Scheme and highlight some pertinent issues that may arise for prospective claimants, financial institutions and their in-house lawyers.
Canvassing the views and concerns of in-house counsel along the New Silk Road, the sixth annual Representing Corporate Asia & Middle East Survey report shines a light on the issues that are of concern to in-house counsel across the region today, their expectations for the coming year and the factors which they say tip the scales when selecting external counsel. And, based entirely on votes from participating in-house counsel, we also announce our ASIAN-MENA COUNSEL In-House Community Firms of the Year for 2012.
