MEMBER NEWS | Significant changes to security of payment regime in Singapore

Written by Out-Law, Pinsent Masons Significant changes to the security of payment regime in Singapore are due to come into force in the near future. The changes contained in the Building and Construction Industry Security of Payment Amendment Bill 2018 are the most extensive changes to the Security of Payment Act (SOP Act) since it became …

MEMBER NEWS | The rise of unsolicited proposals for infrastructure projects in Asia

Written by Out-Law, Pinsent Masons There has been a significant increase in the number of unsolicited proposals (USPs) for greenfield and brownfield public-private partnership (PPP) infrastructure projects in Asia over the past two years. Unlike solicited proposals where a government entity launches a formal public tender, in the case of an unsolicited proposal, it is the …

MEMBER NEWS | Philippines and ADB sign loan for Malolos-Clark railway project

Written by Out-Law, Pinsent Masons The Asian Development Bank (ADB) and the Philippine government have signed an agreement which will see $1.3 billion provided to help finance the Malolos-Clark railway project. The ADB is co-financier of the project and has agreed to provide a total $2.75bn loan facility to support construction. According to the ADB statement, …

MEMBER NEWS | US private firms to take part in Philippines’ infrastructure programme

Written by Out-Law, Pinsent Masons US ambassador to the Philippines Sung Kim has said that US is supporting the Duterte administration’s ambitious ‘build, build, build’ infrastructure programme and American private companies will take part in major infrastructure projects under this programme, according to CNN. This project has also been financed through Chinese loans and grants. The …

MEMBER NEWS | Foreign arbitration institutions can establish in new Shanghai FTZ area

Written by Out-Law, Pinsent Masons Foreign arbitration and dispute resolution institutions are allowed to establish business organisations in the new Lingang area of the China (Shanghai) Pilot Free Trade Zone, according to plans published by China’s State Council.  The plan said that the new section would compete with leading free trade zones, would open up the …

MEMBER NEWS | International mediation enforcement agreement to be signed next week

Written by Out-Law, Pinsent Masons The US, China and other countries will next week sign a new international agreement in Singapore on cross-border mediation agreements. The Singapore Convention on Mediation is the final version of the United Nations Convention on International Settlement Agreements Resulting from Mediation, which was adopted by the UN in December. It aims …

MEMBER NEWS | GHD Pacific Development Projects from the 2019 Asian Development Bank (ADB) Annual Meeting in Fiji

Written by: GHD.com Invited by the Australian Trade and Investment Commission (Austrade), GHD recently took part in high-profile dialogues between Pacific Island governments and Australian and US businesses at the 2019 Asian Development Bank (ADB) Annual Meeting, in Nadi, Fiji. This is the first time in 52 years that the ADB Annual Meeting was held …

MEMBER NEWS | Beijing To Raise Monthly Minimum Wage From July 1

Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates On May 9, the Beijing Municipal Human Resources and Social Security Bureau announced plans to raise the city’s minimum wage from July 1, 2019. The monthly minimum wage for full-time employees will be raised from RMB 2,120 (US$309) to RMB 2,200 (US$321). The hourly wage for part-time employees, …

MEMBER NEWS | Singapore monetary authority consults on payment services regulations

Written by: Pinsent Masons, Out-Law.com The Monetary Authority of Singapore (MAS) has carried out a consultation into proposed payment services regulations that will enable it to carry out its functions under the new Payment Services Act. The consultation covers areas such as licensing structure and fees, licensing requirements, proposed exemptions from the regulations, and transitional …

MEMBER NEWS | What Australia’s election result means for its renewable energy future

Written by: Anthony Arrow, Pinsent Masons, Out-Law.com   ANALYSIS: The Liberal-National coalition was returned to power over the weekend for a third term and now has an opportunity to implement policies designed to decarbonise the Australian economy Participants in Australia’s renewable energy industry have been craving a period of consistency and regulatory certainty at the …