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In Asia-Pacific

Australia: Meeting expectations – Key takeaways from the Basic Online Safety Expectations

by , and 3 Mins Read

The Online Safety Act 2021 (Cth) (“Act”) passed Parliament on 23 July 2021 and commences on 24 January 2022 (being six months after it received royal assent, unless proclaimed earlier). A key element of the Act is the proposed “basic online safety expectations” (“Expectations”), which specify the core expectations (to be determined by the Minister) for:
• social media services;
• relevant electronic services (services that allow communication with other end-users e.g., email, IM, chat and certain gaming services); and
• designated internet services (including, with a few exceptions, those that deliver or allow access to material via an internet carriage service).

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In Asia-Pacific

Hong Kong: Protecting personal information of your company directors and secretaries

by , and 6 Mins Read

Until now, any member of the public can obtain through a standard company search information regarding the residential addresses and personal identification numbers of directors and company secretaries of Hong Kong-registered companies on the register of the Companies Registry. In light of the growing concern about the availability and use of personal information, an inspection regime to protect such personal information was included in the new Companies Ordinance (Cap 622).

In Antitrust / Competition

Thailand: OTCC publishes a new unfair trade practice guideline for public hearing

by , , , and 2 Mins Read

The Office of the Trade Competition Commission (OTCC) has recently opened a public hearing on the draft new unfair trade practice (section 57) guideline which will replace the current guideline once it becomes effective. The draft new guideline revises certain defined terms and provides more details on acts that may constitute an offense under section 57 of the Competition Act.

In Asia-Pacific

Asia Pacific: Mandatory Reference Schemes: Curbing the “Rolling of Bad Apples”

by , , and 1 Min Read

Regulators around the world are seeking to strengthen governance frameworks to deter and prevent the perpetuation of employee misconduct and to stem the “rolling of bad apples.”

In this webinar recording, Eunice Tan and Grace Fung from our financial services regulatory team, and Zhao Yang Ng and Sonia Wong from our employment and compensation team discuss and analyze regulatory developments proposed by the Monetary Authority of Singapore and the Hong Kong Monetary Authority in meeting these objectives.

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In AML & Financial Services Regulatory

Multijurisdiction: Bite-size Briefings – Cryptoasset regulation

by , , , , , , , , , , , , and 1 Min Read

A series of briefings that take a “bite-size” look at international trends in different jurisdictions, drawing on Baker McKenzie’s expert financial services practitioners.

In Asia-Pacific

Vietnam: Proposed regulations on mandatory product recycling under new draft decree implementing the new law on environmental protection

by and 2 Mins Read

The Ministry of Natural Resources and Environment (MONRE) released a draft decree implementing Law No. 72/2020/QH14 on Environmental Protection, which introduces Extended Producer Responsibility. Alongside the introduction of a framework for the recycling of packaging waste, the Draft Decree also proposes a mandatory recycling framework for products.

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