Publication
Singapore: Competition law fact sheet
Overview of the main provisions of the Competition Act, and discussion of the enforcement regime and recent enforcement trends.
Business ethics and anti-corruption: Asia Pacific insights - Issue 15
Global | Publication | August 2018
From the editor
Many thanks for reading Issue 15 of our Business ethics and anti-corruption Asia Pacific Insights.
With a growing trend of people coming forward to raise concerns in relation to corporate wrongdoing and workplace harassment, it is timely that the IBA issued a comprehensive guide on whistleblower protection. Mathias Goh and I summarise the salient aspects of the guide which serves as a useful resource for regulators and corporations on the development and implementation of whistleblowing channels. In a similar vein, Australia has proposed whistleblowing laws to provide protection to whistleblowers against retaliation and that require corporations to put whistleblowing policies in place. Abigail McGregor hails this as a move in the right direction.
Indonesia takes a step toward greater transparency with a regulation requiring corporations to disclose their beneficial ownership. Kresna Panggabean describes how the regulation supports ongoing efforts to prevent and eradicate crimes of money laundering and terrorism financing.
In a comparative jurisdictional analysis, we examine existing and emerging legislation in the United Kingdom, Australia, Hong Kong and Singapore on modern slavery and human trafficking. Milana Chamberlain, Abigail McGregor, Alfred Wu and I draw out the similarities and differences of the various laws and map out the challenges ahead for commercial organisations and make some practical recommendations.
Finally, Jeremy Lua and I provide a comprehensive overview of the anti-corruption regime in Singapore and share our thoughts on some updates and trends.
I hope you will find our articles in this Issue 15 informative and helpful!
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Preparing for change: How businesses can thrive under the EU's AI Act
On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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