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Sep 17, 2024 | 
globalcompliancenews.com | Alvin Tan |Severino Miguel Sanchez
On 19 July 2024, pursuant to the National Payment Systems Act, the Bangko Sentral ng Pilipinas (BSP; Philippine Central Bank) issued Circular No. 1198, Series of 2024 on the Regulatory Framework for Merchant Payment Acceptance Activities (MPAA). The regulatory framework aims to establish standards and best practices to safeguard customer funds and protect merchants’ rights when dealing with operators of payment systems (OPS) engaged in MPAA.
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Sep 17, 2024 | 
globalcompliancenews.com | Alvin Tan |Severino Miguel Sanchez
On 19 July 2024, pursuant to the National Payment Systems Act, the Bangko Sentral ng Pilipinas (BSP; Philippine Central Bank) issued Circular No. 1198, Series of 2024 on the Regulatory Framework for Merchant Payment Acceptance Activities (MPAA). The regulatory framework aims to establish standards and best practices to safeguard customer funds and protect merchants’ rights when dealing with operators of payment systems (OPS) engaged in MPAA.
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Sep 17, 2024 | 
globalcompliancenews.com | Alvin Tan |Severino Miguel Sanchez
On 10 December 2021, Republic Act No. 11595, otherwise known as “An Act amending Republic Act No. 8762 or the Retail Trade Liberalization Act of 2000 (RTLA), by lowering the paid-up capital requirement for foreign retail enterprises and other purposes” was signed into law.
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Sep 17, 2024 | 
globalcompliancenews.com | Alvin Tan |Severino Miguel Sanchez
Author Alain Charles J. Veloso Browsing Alain Charles Veloso is a partner of Quisumbing Torres' Corporate & Commercial Practice Group. He heads the firm's Capital Markets Practice Group and is a member of the Competition Focus Group. He is also a member of the Technology, Media & Telecommunications and Industrials, Manufacturing & Transportation Industry Groups.
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Aug 14, 2024 | 
lexology.com | Kala Anandarajah |Khanti Syackhaphom |Tanya Tang |Alvin Tan |Joshua Seet |Min Khi Thein | +9 more
OverviewDear Friends,We are pleased to present our 2nd Regional Competition Bites for 2024. The second quarter has seen extensive enforcement action, increased merger reviews across a larger number of countries and significant regulatory and policy developments across Southeast Asia. Strong enforcement against anti-competitive practices and cartelistic conduct has been the highlight of this quarter.
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Jul 4, 2024 | 
globalcompliancenews.com | Karl Raymond Cruz |Alvin Tan
Republic Act No. 11898, or the Extended Producer Responsibility Act of 2022 (“EPR Act”), lapsed into law on 23 July 2022 and took effect on 12 August 2022. Under the EPR Act, obliged enterprises, as part of a Collective or with a producer responsibility organization, are required to prepare and register with the National Ecology Center their extended producer responsibility program.
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Jun 3, 2024 | 
lexology.com | Kala Anandarajah |Tanya Tang |Joshua Seet |Alvin Tan
IntroductionThe Competition and Consumer Commission of Singapore ("CCCS") is seeking public feedback on its proposed recommendation to the Deputy Prime Minister and Minister for Trade and Industry to renew the Competition (Block Exemption for Liner Shipping Agreements) Order ("LSA BEO") for five years from 1 January 2025 to 31 December 2029.
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May 14, 2024 | 
lexology.com | Kala Anandarajah |Tanya Tang |Alvin Tan |Joshua Seet
IntroductionSingapore has a voluntary merger notification regime. Given this, many take a robust approach and seek to argue wide market definitions and raise other arguments so that merging parties stay below trigger thresholds. Whilst as counsel, the aim is always to put the best foot forward, this must be carefully undertaken, reviewing all risks elements.
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May 14, 2024 | 
lexology.com | Kala Anandarajah |Khanti Syackhaphom |Tanya Tang |Alvin Tan |Joshua Seet |Min Kyi Thein | +9 more
OverviewDear Friends,2024 has barely begun and the first quarter is passed. We are pleased to present our first Regional Competition Bites for this first quarter in 2024. There have been various legislative and regulatory changes across Southeast Asia, with regulators enacting new laws and issuing guidelines concerning competition law.
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Mar 20, 2024 | 
lexology.com | Kala Anandarajah |Tanya Tang |Alvin Tan |Joshua Seet
IntroductionCompetition benefits consumers. However, there may be instances where business competitors need to collaborate for the greater, or greener, good. Seeking to achieve net-zero emissions by 2050 under the Singapore Green Plan 2030, Singapore has embarked on a whole-of-nation sustainability movement. Businesses play an important part in this sustainability movement but may be hindered from doing so due to issues of scale and finance. One way to overcome these issues is via collaborations.
