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A higher standard of financial prudence and responsibility for banks Singapore Court of Appeal dismisses claims of defrauded banks

Singapore - June 15 2011 In Skandinaviska Enskilda Banken AB (Publ), Singapore Branch v Asia Pacific Breweries (Singapore) Pte Ltd 2011 SGCA 22, two international banks brought civil proceedings against Asia Pacific Breweries (Singapore) Pte Ltd (“APBS”) for fraudulent acts perpetrated by APBS’s employee over a period of four years....

Guan Feng Chen, David Barwise.


Publication of KPPU regulation on criteria applicable to cartels

Indonesia - August 23 2010 The Commission for the Supervision of Business Competition ("KPPU") recently issued Regulation No. 4 of 2010 ("Regulation 4") which contains guidelines and provisions on cartels....

Charles Wilson, William R. Kirschner, Sebastian Buss.


Federal government introduces Securities and Insurance Laws (Amendment and Validation) Bill 2010

India - August 23 2010 India's Federal Government recently introduced the Securities and Insurance Laws (Amendment and Validation) Bill 2010 (the "Bill") under which a new panel will be established as the final decision-making authority for any disputes that arise between the financial regulators of the country....

Charles Wilson, William R. Kirschner, Sebastian Buss.


Bank Indonesia considers redenomination of the rupiah

Indonesia - August 23 2010 Bank Indonesia ("BI") recently unveiled a plan to redenominate the rupiah....

Charles Wilson, William R. Kirschner, Sebastian Buss.