Asia Pacific

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  • Does clause 63.1 apply to assessing time as well as money and what are the consequences? Restricted access

    Online Learning

    Submitted: 19 April 2017

    Clause 63.1 provides a dividing line between using the cost incurred and using a forecast of cost plus risk for future operations. Given that the compensation event process deals with all aspects of an event in one go does the dividing line established in 63.1 apply equally to delay caused by the event or is there some other mechanism that has to be used? If some other mechanism does that threaten the all-encompassing approach of compensation events?

  • What happens when the Project Manager doesn't reply properly either to a notification or a quotation? Restricted access

    Online Learning

    Submitted: 19 April 2017

    There are a number of stages that a compensation event needs to pass through before it becomes implemented under the contract. Is it possible for the PM to de-rail the process by refusing to engage in it? If there is a lack of engagement what happens ideally and practically?

  • Do the 63.7 assumptions work in practice? Restricted access

    Online Learning

    Submitted: 19 April 2017

    Clause 63.7 allows the Project Manager to give some working assumptions to the contractor where there is not enough detail available for a proper quotation for a compensation event. Are assumptions often given and if they are do they help the contractor or just cover the PM?

  • Transfers of business - international snapshot

    Article

    Last Reviewed: 13 April 2017 / Submitted: 13 April 2017

    ​A high level overview of the employment implications of a business transfer across France Germany, Hong Kong, Italy, Japan, Netherlands, pain and the UK.

  • PRC issues security assessment measures for exporting data

    Article

    Submitted: 12 April 2017

    The Cyberspace Administration of China issued a draft measures for public consultation, which expands the application of the security assessment requirement for exporting data outside of China. These measures, if adopted, would have impact on a number of business involving cross-border transfers.

  • Third party funding of claims in Asia

    Blog Post

    Submitted: 07 April 2017

    Continuing on the theme of litigation funding, both Hong Kong and Singapore have taken steps to allow third party funding for arbitration claims.

  • Oversight April 2017 - Consultation Conclusions regarding the Hong Kong Position Limit Regime

    Newsletter

    Submitted: 06 April 2017

    SFC's consultation conclusions adopted proposed amendments to the Hong Kong position limit regime.

  • Trade based money laundering - Transnational Crime and the Developing World Restricted access

    Article

    Submitted: 05 April 2017

    The recent release of the Transnational Crime and the Developing World report provides a timely reminder of the very real impact that trade based money laundering (TBML) can have.

  • Oversight April 2017 - SFC proposes further amendments to Professional Investor Rules

    Newsletter

    Submitted: 05 April 2017

    SFC's consultation seeks to revise the PI Rules, potentially expanding the scope of professional investors who are allowed to invest in non-SFC registered funds.

  • Key amendments to the debt restructuring regime in Singapore

    Article

    Submitted: 04 April 2017

    In a bid to promote Singapore as an international debt restructuring hub, the Singapore Companies Act has been amended. Some of these amendments introduce features drawn from Chapter Eleven of the United States Bankruptcy Code - for instance, the introduction of rescue financing provisions and cram down provisions for dissenting classes of creditors in Schemes of Arrangements. These amendments are expected to change the debt restructuring landscape in Singapore and will take effect soon. This article discusses some of the key amendments.

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