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Pleased New 12 months and Gong Xi Fa Cai to all our shoppers. We hope you loved a pleasant Christmas and New 12 months’s break, and are eagerly anticipating the upcoming Chinese language New 12 months celebrations.
To kick off our first e-bulletin of the yr, the Malaysian Courtroom of Enchantment lately dominated {that a} director, regardless of their title and shareholding, will also be thought of a ‘workman’ in the event that they carry out duties akin to these of an worker. This classification would enable them to file a declare for dismissal with out simply trigger or excuse. Click on right here to search out out extra. Indonesia launched a ‘Golden Visa’ scheme final yr, providing eligible international buyers visas lasting as much as 5 or ten years, based mostly on the worth of their deliberate funding in Indonesia. Click on right here for a abstract of the funding necessities.
Over in Mainland China, we take a look at the draft Interpretation on Points In regards to the Utility of Legislation in Employment Disputes (II) issued by the Supreme Individuals’s Courtroom, at the moment open for public session. The draft covers points together with the character of share incentive disputes, limitation durations and retirement. Click on right here to learn the abstract.
Our Compliance Examine this month appears at a brand new submitting obligation for native subsidiaries or branches of international corporations in South Korea relating to stock-based compensation issued to their executives and workers. The duty turned efficient on 1 January 2024. Click on right here to ensure that your organization is compliant. Our Asia comparative article this month compares retirement-related obligations throughout Singapore, PRC, Japan, Hong Kong, South Korea and Taiwan. Click on right here to check the principles.
In December, our Kewei workplace hosted a webinar on sexual harassment in Mainland China, the place they shared insights on current authorized developments and judicial practices. In the event you missed the webinar, click on right here to entry the recording.
We’re additionally excited to announce that after the Chinese language New 12 months holidays, we can be internet hosting a regional webinar on a extremely requested matter – post-employment restraints. This webinar will characteristic our employment legislation specialists from our workplaces in Singapore, Hong Kong, Thailand, and Indonesia. Keep tuned for the invitation.
As ever, do be at liberty to succeed in out to me for all of your employment legislation wants throughout the area. Right here’s to a affluent yr forward!
Disclaimer
Herbert Smith Freehills LLP has a Formal Legislation Alliance (FLA) with Singapore legislation agency Prolegis LLC, which supplies shoppers with entry to Singapore legislation recommendation from Prolegis. The FLA within the identify of Herbert Smith Freehills Prolegis permits the 2 corporations to ship a complementary and seamless authorized service.
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