Directors' Issues

Recent Articles

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  07/01/2025

  China

  2025 – Topics that may Concern You

  Companies doing business in China constantly have to deal with changes in regulations and new laws. This will also continue in 2025.Topics such as the new PRC Company Law, new PRC Tariff Law, PRC Regulations on Export Control of Dual-Use Items, network data security management, data transfer, opening up capital markets to foreign investment, and raise of statutory retirement age of employees etc. will continue to be a concern for many companies in China in 2025.Complying with regulatory requirements is one of the key challenges for foreign companies and investors in China, not only in terms of...

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  02/12/2024

  Poland

  Listing Act i zmiany wchodzące w życie już w pierwszym tygodniu grudnia 2024 r.

  Już 4 grudnia 2024 r. wejdą w życie pierwsze zmiany wprowadzone na podstawie tzw. Listing Act, mające na celu zwiększenie atrakcyjności rynków kapitałowych w UE. Z perspektywy emitentów i potencjalnych emitentów, kluczowe zmiany dotyczą tzw. rozporządzenia prospektowego i rozporządzenia MAR. Poniżej znajduje się podsumowanie najważniejszych zmian wprowadzanych przez Listing Act:Najważniejsze zmiany w rozporządzeniu MAR:Wejście w życieNajważniejsze zmiany w rozporządzeniu...

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  28/10/2024

  United Kingdom

  The Economic Crime and Corporate Transparency Act 2023: Companies House publishes timetable for im­ple­ment­a­tion

  Companies House has published its much awaited plan (Transition Plan) for implementation of some of the key provisions of the Economic Crime and Corporate Transparency Act 2023 (ECCTA) not yet in force. Delivering the Transition Plan still requires significant investment in terms of Companies House systems and processes, as well as Parliamentary time to enact further secondary legislation. As a result, the new provisions are to be implemented in phases with Companies House anticipating that it will take until 2027 to complete.BackgroundThe ECCTA was enacted as part of Government efforts to combat...

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  10/09/2024

  APAC region

  No room for ignorance: Singapore High Court clarifies directors’ duties

  Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2024] SGHC 178 In what could be seen as a wake-up call, the High Court of Singapore clarified the scope of director’s duties in Singapore, emphasizing the minimum standard of care required.BackgroundInter-Pacific Petroleum Pte Ltd (“IPP”), a petrochemical and ship bunkering company, was placed under judicial management in September 2019, and later liquidated in March 2021. IPP had borrowed over US$150 million to fund its cargo trading and bunkering transactions. These sums were never repaid to the banks. IPP’s...

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  18/07/2024

  United Kingdom

  Cyber Security and Resilience Bill: what businesses and insurers need to know

  Whilst receiving limited fanfare, the UK Labour government has announced a new Cyber Security and Resilience Bill (Cyber Bill) as part of its legislative package in its first King’s Speech. Contrary to certain expectations, there was no announcement of specific AI regulations, but future AI legislation was signposted.The Cyber Bill is part of the government’s pledge to enhance and strengthen the UK’s cybersecurity measures and protect the digital economy. It is largely in response to recent high-profile cyber incidents impacting key services and infrastructure, such as hospitals,...

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  20/02/2024

  United Kingdom

  Economic Crime and Corporate Transparency Act 2023: changes expected to come into force on 4 March 2024

  From Spring 2024 we expect the role of Companies House and the Registrar of Companies (Registrar) to change significantly from simply incorporating companies and being a largely passive information recipient and depository to being a pro-active regulator with clear objectives and the powers to fulfil them.Changes affecting the ongoing administration of companies and limited liability partnerships are also expected to come into force at the same time. Although no implementing regulation has been published yet, Companies House has announced that the date it is working to is 4 March 2024.The changes...

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