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On 28 May 2024, the Consumer Affairs Agency (CAA) announced that it had issued an order to pay an administrative fine (called a “surcharge” under Japanese law) in the amount of JPY 1,655,940,000 to the Chugoku Electric Power Company, Incorporated (“Chugoku Electric”) under Article 8, Paragraph 1 of the Act against Unjustifiable Premiums and Misleading Representations (“Act”). The CAA alleged in its order that Chugoku Electric had violated the Act by displaying advertising messages regarding household electricity rate plans on its website that appeared to be cheaper than they were in reality.

On 15 May 2024, the Government officially issued the new Decree No. 52/2024/ND-CP to regulate cashless payments (“Decree No. 52”). Decree No. 52 took effect from 1 July 2024 and replaced the previous Decree No. 101/2012/ND-CP on cashless payments, as amended from time to time. Among other things, Decree No. 52 sets forth regulations on opening and using payment accounts, cashless payment services and intermediary payment services (IPS).

In this article, we unpack a recent ruling passed by the Indian Supreme Court — India’s apex court — in the matter of M.K. Ranjitsinh & Ors. v. Union of India. What does the Court’s ruling say about India’s focus on energy transition in the face of environmental conservation? And what does this mean for investors looking to leverage opportunities in the energy transition market in India?

The implementation of the beneficial ownership reporting obligations, administered by the Companies Commission of Malaysia (“CCM”), came into effect on 1 April 2024. These statutory and reporting requirements imposed the obligation on companies to notify the CCM of their beneficial owners via the dedicated e-BOS portal. The CCM provided a transition period of three months (from 1 April 2024 to 30 June 2024) for companies to complete this reporting obligation.

On 8 June 2024, the Electric Vehicles Charging (Licensing) (Amendment) Regulations 2024 (“Amendments”) came into operation. The Amendments introduce a new Regulation 4A into the Electric Vehicles Charging (Licensing) Regulations 2023 (“Regulations”), which prescribes the types of insurance Electric Vehicle Charging Operators (EVCOs) must have and maintain before EVCOs can be granted a licence to provide EV charging services in Singapore or operate an EV charging station under Sections 45(2)(f) and 45(3) of the Electric Vehicles Charging Act 2022.

The Cabinet has recently approved in principle the Draft Ministerial Regulation under the Revenue Code Regarding Revenue Tax to increase the personal tax exemption amount on severance pay for terminated employees, aligning with the new maximum rate of severance pay. This change is intended to further ease the financial burden on terminated employees.

2023 was a transformative year for the Indonesian Competition Commission (Komisi Pengawas Persaingan Usaha, KPPU). Among others, the KPPU updated its merger control regulation and case handling regulation, introduced guidelines to help corporations identify issues in bid rigging, and updated its guidelines to define the relevant market and mechanism for payment of administrative fines by instalments. The transformation continues with the new KPPU leadership and issuance of regulation on case handling for unfair contract terms.

Following the publication of the proposed Framework in January 2024 and the feedback received from various stakeholders, the finalized Model AI Governance Framework for Generative AI was released on 30 May 2024 by the Infocommunications Media Development Authority (IMDA) and AI Verify Foundation. The Framework expands upon the Model AI Governance Framework last updated in 2020.

On 2 March 2023, Indonesia’s Minister of Health enacted Minister of Health Regulation on Maintenance of Medical Devices in Healthcare Facilities (“MOH Regulation 15/2023”). Under the new regulation, healthcare facilities of hospitals, local governments or communities are required to allocate a certain amount of budget to carry out medical device maintenance. This new requirement is aimed to ensure the availability of medical devices that meet service standards and requirements for quality, security, benefits, safety and feasibility of use in healthcare facilities, and to ensure the safety of users, patients and the environment in healthcare facilities.