Insolvency Practitioners Fees A New System for Approval
|
|
- Veronica Montgomery
- 8 years ago
- Views:
Transcription
1 RESTRUCTURING & INSOLVENCY Insolvency Practitioners Fees A New System for Approval Introduction The fees charged by insolvency practitioners can sometimes be a matter of contention, with different interested parties having differing expectations. Further, there is no comprehensive set of guidelines or regulations in Singapore setting out the basis on which insolvency practitioners should determine their fees, as well as the level of information on fees that should be provided to stakeholders. This sometimes leads to unhappiness as to the quantum and necessity of fees after the event. In a recent Singapore High Court decision, Justice Steven Chong has proposed a new system in which insolvency practitioners would submit a schedule of projected fees to the relevant approving body for approval before any substantive work is done. In doing so, Justice Chong considered latest developments in a number of common law jurisdictions and noted broad similarities in their approach towards remuneration. The court has referred the proposed system of fee schedules to the Rules Committee for further study and possible implementation by way of legislative amendments. Pending formal institution of such a system, the court encouraged insolvency practitioners to adopt the practice of submitting costs schedules for approval. This Update looks at the issues in this decision and the key features of the proposed system. Case Note Cost Scheduling The key features of the proposed system are as follows: (i) (ii) Insolvency practitioners should, if their fees are expected to exceed $200,000, submit a costs schedule to the relevant approving body within a month of appointment. The costs schedule is a summary of estimated costs, and should include all information necessary to assess if it is fair, reasonable and proportionate, including: a. Details of the work; b. The anticipated time spent; c. The size of the team and their respective seniorities and responsibilities; d. The proposed basis of remuneration and why it is suitable; e. The hourly rates and a fee estimate for the relevant period; f. The anticipated disbursements and costs; and g. Whether other professionals have also been engaged and the division of responsibility. (iii) (iv) (v) After approval of the costs schedule, the insolvency practitioner is entitled to periodic payments on account. However, there will be a final review at the end of the engagement. If the total sums claimed fall under the fee cap, approval will follow as a matter of course. If there are minor deviations within 15% of the fee cap, there will generally not be a need for an intrusive review. Otherwise, the court will examine whether the insolvency practitioner will have to refund the difference. The insolvency practitioner may apply to amend the costs schedule along the way should it expect major deviations from the initial projections. 1
2 RESTRUCTURING & INSOLVENCY One of the points to note is the periodic nature of the proposed payment system. By allowing the insolvency practitioner to claim periodic payments, he is given a degree of certainty in terms of continued cash flow. The efficiency of the services provided will thus not be hindered by minor disputes over billing in the course of the engagement. The proposed system also provides more certainty in the sense that insolvency practitioners will have less cause for concern that the scope or urgency of work undertaken will be called into question at the end of the engagement. Having approved of the likely scope of work and the insolvency practitioners estimated fees beforehand, the client will also be less inclined to reject the final bill offhand, which could happen if large sums are incurred. Appropriate remuneration for insolvency practitioners The court reiterated that the remuneration for insolvency practitioners must be fair, reasonable and proportionate. The factors for determining the fulfilment of this requirement include the time expended, the complexity of the receivership, the effectiveness of the performance, and the value and nature of the subject matter of the receivership. Insolvency practitioners should also provide full particulars in their bills to justify the quantum charged. This should include the profile and qualifications of the team, the areas of work performed and the time spent, and the general policy regarding the capture of value, such as the steps taken to avoid duplication or over-servicing. Concluding Words Justice Steven Chong has indicated that he will recommend the proposed system to the Chief Justice to refer to the Rules Committee for further study. Therefore, the implementation of the system should it occur will not be within the immediate future, and the eventual system may well differ from the one proposed in this judgment. Nonetheless, insolvency practitioners may take note of the guidance provided as to what constitutes an acceptable fee schedule, including the reasonableness of the billed items, and the information that should be provided in the bills. The team involved in Kao Chai-Chau Linda v Fong Wai Lyn Carolyn [2015] SGHC 260 included Lee Eng Beng S.C., Tan Chuan Thye S.C., Ryan Loh, Jonathan Lee, Wilson Zhu and Fu Qui Jun from Rajah & Tann Singapore LLP. Parties wishing to consult on fees for receivers and managers or other insolvency issues may contact our team below. 2
3 Contacts Lee Eng Beng, SC, PBM Managing D (65) F (65) eng.beng.lee@rajahtann.com Tan Chuan Thye, SC D (65) F (65) chuan.thye.tan@rajahtann.com Ryan Loh D (65) F (65) ryan.loh@rajahtann.com Jonathan Lee D (65) F (65) jonathan.lee@rajahtann.com Wilson Zhu Senior Associate D (65) F (65) wilson.zhu@rajahtann.com Fu Qui Jun Associate D (65) F (65) qui.jun.fu@rajahtann.com Please feel free to also contact Knowledge and Risk Management at eoasis@rajahtann.com ASEAN Economic Community Portal Ahead of the launch of the ASEAN Economic Community ( AEC ) in December this year, businesses looking to tap the opportunities presented by the integrated markets of the AEC can now get help a click away. Rajah & Tann Asia, United Overseas Bank and RSM Chio Lim Stone Forest, have teamed up to launch Business in ASEAN, a portal that provides companies with a single platform that helps businesses navigate the complexities of setting up operations in ASEAN. By tapping into the professional knowledge and resources of the three organisations through this portal, small- and medium-sized enterprises across the 10-member economic grouping can equip themselves with the tools and knowhow to navigate ASEAN s business landscape. Of particular interest to businesses is the "Ask a Question" feature of the portal which enables companies to pose questions to the three organisations which have an extensive network in the region. The portal can be accessed at 3
4 Our regional presence Our regional contacts RAJAH & TANN Singapore RAJAH & TANN REPRESENTATIVE OFFICE China Rajah & Tann Singapore LLP 9 Battery Road #25-01 Straits Trading Building Singapore T F sg.rajahtannasia.com Rajah & Tann Singapore LLP Shanghai Representative Office Unit , Shui On Plaza, 333 Huai Hai Middle Road Shanghai , People's Republic of China T F cn.rajahtannasia.com R&T SOK & HENG Cambodia RAJAH & TANN NK LEGAL Myanmar R&T Sok & Heng Law Office Vattanac Capital Office Tower, Level 17, No. 66 Preah Monivong Boulevard, Sangkat Wat Phnom Khan Daun Penh, Phnom Penh, Cambodia T / 113 F kh.rajahtannasia.com *in association with Rajah & Tann Singapore LLP Rajah & Tann NK Legal Myanmar Company Limited Office Suite 007, Inya Lake Hotel No. 37, Kaba Aye Pagoda Road, Mayangone Township, Yangon, Myanmar T / / F mm.rajahtannasia.com 4
5 ASSEGAF HAMZAH & PARTNERS Indonesia RAJAH & TANN Thailand Assegaf Hamzah & s Menara Rajawali 16th Floor Jalan DR. Ide Anak Agung Gde Agung Lot #5.1 Kawasan Mega Kuningan, Jakarta 12950, Indonesia T F * Assegaf Hamzah & s is an independent law firm in Indonesia and a member of the Rajah & Tann Asia network. Rajah & Tann (Thailand) Limited 973 President Tower, 12th Floor, Units 12A-12F Ploenchit Road, Lumpini, Pathumwan Bangkok 10330, Thailand T F th.rajahtannasia.com RAJAH & TANN Lao PDR RAJAH & TANN LCT LAWYERS Vietnam Rajah & Tann (Laos) Sole Co., Ltd. Phonexay Village, 23 Singha Road, House Number 046/2 Unit 4, Saysettha District, Vientiane Capital, Lao PDR T F la.rajahtannasia.com Rajah & Tann LCT Lawyers Ho Chi Minh City Office Saigon Centre, Level 13, Unit 2&3 65 Le Loi Boulevard, District 1, HCMC, Vietnam T / F CHRISTOPHER & LEE ONG Malaysia Hanoi Office Lotte Center Hanoi - East Tower, Level 30, Unit 3003, Christopher & Lee Ong 54 Lieu Giai St., Ba Dinh Dist., Hanoi, Vietnam Level 22, Axiata Tower, No. 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral, Kuala Lumpur, Malaysia T F T F *in association with Rajah & Tann Singapore LLP Rajah & Tann Singapore LLP is one of the largest full service law firms in Singapore, providing high quality advice to an impressive list of clients. We place strong emphasis on promptness, accessibility and reliability in dealing with clients. At the same time, the firm strives towards a practical yet creative approach in dealing with business and commercial problems. As the Singapore member firm of the Lex Mundi Network, we are able to offer access to excellent legal expertise in more than 100 countries. Rajah & Tann Singapore LLP is part of Rajah & Tann Asia, a network of local law firms in Singapore, China, Lao PDR, Vietnam, Thailand and Myanmar, as well as associate and affiliate offices in Malaysia, Cambodia, Indonesia and the Middle East. Our Asian network also includes regional desks focused on Japan and South Asia. The contents of this Update are owned by Rajah & Tann Singapore LLP and subject to copyright protection under the laws of Singapore and, through international treaties, other countries. No part of this Update may be reproduced, licensed, sold, published, transmitted, modified, adapted, publicly displayed, broadcast (including storage in any medium by electronic means whether or not transiently for any purpose save as permitted herein) without the prior written permission of Rajah & Tann Singapore LLP. Please note also that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice for any particular course of action as such information may not suit your specific business and operational requirements. It is to your advantage to seek legal advice for your specific situation. In this regard, you may call the lawyer you normally deal with in Rajah & Tann Singapore LLP or Knowledge & Risk Management at eoasis@rajahtann.com..com. 5
When Is A Statutory Demand Deemed Invalid?
When Is A Statutory Demand Deemed Invalid? Introduction A statutory demand is an important step in the bankruptcy process, as it allows the creditor to initiate a bankruptcy application against the debtor.
More informationRecognition of Foreign Liquidators - Universalism in Singapore Insolvency Law
RESTRUCTURING & INSOLVENCY Recognition of Foreign Liquidators - Universalism in Singapore Insolvency Law Introduction In the modern commercial setting, insolvency has taken on an increasingly cross-border
More informationFeatures of Design and Build Contracts
CONSTRUCTION & PROJECTS Features of Design and Build Contracts Introduction Design and build contracts are fairly common in the construction industry. They involve the consolidation of both the design
More informationExamining the Parity Principle in Criminal Sentencing
Examining the Parity Principle in Criminal Sentencing Introduction Under the parity principle, offenders participating in the same offence should generally incur similar criminal sentences. In the case
More informationChina s New Anti-Terrorism Law: Implications for Firms Dealing with Data in China
2016 JANUARY TECHNOLOGY, MEDIA & TELECOMMUNICATIONS China s New Anti-Terrorism Law: Implications for Firms Dealing with Data in China Broadly drafted provisions grant Chinese authorities significant scope
More informationStandalone Cybersecurity Bill to be Tabled Next Year
Standalone Cybersecurity Bill to be Tabled Next Year Introduction A standalone Cybersecurity Bill ( Bill ) will be tabled in Parliament in 2017. The new Bill will ensure that the operators of Singapore
More informationCourt Decides Conversion Date For Foreign Currency Debts In Creditors' Voluntary Liquidation
Court Decides Conversion Date For Foreign Currency Debts In Creditors' Voluntary Liquidation Introduction The Singapore High Court in Re Lehman Brothers Finance Asia Pte Ltd (in creditors voluntary liquidation)
More informationDetermining the Beneficial Ownership of Property
Determining the Beneficial Ownership of Property Introduction It is not uncommon for two people in a close relationship to purchase a property together, and the informal nature of their bond often means
More informationCourt of Appeal Decides On Liability For Workplace Accident
Court of Appeal Decides On Liability For Workplace Accident Introduction The case of Tan Juay Pah v Kimly Construction Pte Ltd and others [2012] SGCA 17 arises from the fatal collapse of a tower crane
More informationThe Singapore Government s Intellectual Property Hub Master Plan
The Singapore Government s Hub Master Plan Introduction On 1, the Ministry Of Law announced that the Singapore Government had accepted the ( IP ) Hub Master Plan recommendations made by the IP Steering
More informationDrafting Restrictive Covenants In Employment Contracts
Drafting Restrictive Covenants In Contracts Introduction Restrictive covenants are commonly used in contracts of employment to prevent employees from taking advantage of resources or goodwill obtained
More informationASECRO COMPANY PROFILE. Web & App design Hosting Domain Cloud Encryption CDN SNS Software Development
ASECRO COMPANY PROFILE Web & App design Domain Cloud Encryption CDN SNS Software Development OUR SERVICES 1 Web & App Design and Development (a) Web Design and Development Myanmar Laos Vietnam Our business
More informationThe Japan Council of Local Authorities for International Relations (CLAIR), Singapore
The Japan Council of Local Authorities for International Relations (CLAIR), Singapore 一 般 財 団 法 人 自 治 体 国 際 化 協 会 シンガポール 事 務 所 About CLAIR The Council of Local Authorities for International Relations (CLAIR)
More informationNOMURA SINGAPORE LIMITED
NOMURA SINGAPORE LIMITED Key Events in Nomura's History 1925 Nomura Holdings, Inc. (formerly known as The Nomura Securities Co., Ltd.) founded in Osaka by Tokushichi Nomura II 1927 Nomura opens an office
More informationCredit: Nasa, Visible Earth MYANMAR
Credit: Nasa, Visible Earth MYANMAR We are pioneers in the frontier markets of Asia. A market leader - they ve got a very strong presence here. - They are knowledgeable about the market and give sensible
More informationINTRODUCTION TO THE EUROPEAN PARLIAMENT DELEGATION FOR RELATIONS WITH THE COUNTRIES OF SOUTHEAST ASIA AND THE ASSOCIATION OF SOUTHEAST NATIONS
INTRODUCTION TO THE EUROPEAN PARLIAMENT DELEGATION FOR RELATIONS WITH THE COUNTRIES OF SOUTHEAST ASIA AND THE ASSOCIATION OF SOUTHEAST NATIONS (ASEAN) 1 General introduction This delegation s remit covers
More informationKONRAD ADENAUR STIFTUNG
KONRAD ADENAUR STIFTUNG EDIA INFORMATION UIDE ASIA WHERE GOOD JOURNALISTS BECOME BETTER The Media Information Guide is the Media Programme s first brochure to provide journalists and media professionals
More informationRASHANE LEERABANDHU. HERBERT SMITH, Thailand (2007 to 2011) Senior Consultant, head of Corporate Department
ADVISER PROFILE NAME: POSITION: LOCATION: EXPERIENCE: NATIONALITY: RASHANE LEERABANDHU Bangkok, Thailand 30 years Thai CURRICULUM VITAE Membership in Professional Societies: Thai Bar Association Key Qualifications:
More informationCambodia Tax Profile. kpmg.com.kh
Cambodia Tax Profile kpmg.com.kh Content 1 2 Tax Profile Income Tax Treaties for the Avoidance of Double Taxation 6 Indirect Tax (e.g. VAT/GST) 7 8 Personal Taxation Other Taxes 9 11 Free Trade Agreements
More informationBUSINESS INTELLIGENCE & TARGET MARKETING. Copyright 2010-2015 CNCData. All Rights Reserved.
BUSINESS INTELLIGENCE & TARGET MARKETING Copyright 2010-2015 CNCData. All Rights Reserved. WHO WE ARE ABOUT CNCDATA We are a world-class, highly ethical marketing and business intelligence provider with
More informationDeloitte TaxMax Growing in strength and sustainability
Deloitte TaxMax Growing in strength and sustainability Friday, 13 November 2015 8:00 a.m. to 5:30 p.m. Weil Hotel, Ipoh Perak An event by Deloitte Tax Academy Overview Key takeaways TaxMax, brought to
More informationWorld Cities Summit 2012
Kingdom of Cambodia Nation Religion King Ministry of Land Management, Urban Planning and Construction World Cities Summit 2012 Cities and urban infrastructure development trends and prospects in Cambodia
More informationIGN G1 INSOLVENCY GUIDANCE NOTE. Minimum Standards of Practice for Insolvency Practitioners
IGN G1 INSOLVENCY GUIDANCE NOTE Minimum Standards of Practice for Insolvency Practitioners November 2009 TABLE OF CONTENTS FOREWORD Paragraphs Introduction.. 1-3 Definitions.4 Practice Organisation.5 Ethics.
More informationRouse. The right mix of intellectual property specialists. www.rouse.com
Rouse The right mix of intellectual property specialists www.rouse.com Welcome to Rouse A leading global intellectual property firm. Established in 1990, we now have a team of more than 600 (including
More informationYANGON (MYANMAR) PROPERTY MARKET REPORT
1ST HALF 2012 PROPERTY MARKET YANGON (MYANMAR) PROPERTY MARKET REPORT BrieF MYANMAR OVERVIEW Economy Myanmar in comparison with Cambodia and Laos Source: CIA Fact book and Colliers International Thailand
More informationList of the embassy of Myanmar in the world - Burmese embassy
List of the embassy of Myanmar in the world - Burmese embassy Australia 22 ARKANA STREET, YARRALUMLA, ACT 2600, CANBERRA, AUSTRALIA Tel : (61-2) 6273 3811 & (61-2)6273 3751 fax : (61-2) 62734357 Email
More informationRegional Employment Law Asia Masterclass. 7-8 April 2014 Singapore
Regional Employment Law Asia Masterclass 7-8 April 2014 Singapore Overview Employment Laws in Singapore and throughout the region are constantly changingand it is a challenge to keep up with the changes.
More informationClient Update February 2009
Highlights Relevance Of This Update...1 Introduction Scope Of Moneylending Modernising The Licensing Of Moneylenders Enhanced Regulation Of Moneylending Business...3 Terms And Conditions Of Loan Contract...3
More informationASEAN BUSINESS CLASS EXPERIENCE Up to 50% off Enrich Miles
ASEAN BUSINESS CLASS EXPERIENCE Up to 50% off Enrich Miles Terms and Conditions Promotion 1) Enrich will be running the ASEAN BUSINESS CLASS EXPERIENCE Up to 50% off Enrich Miles Campaign (the Promotion
More informationInternational Dispute Resolution
IDR International Dispute Resolution 1 Observers Speak With One Voice In Proclaiming It One Of The Most Respected And Reliable Practices In Korea. Chambers Global: The World s Leading Lawyers for Business
More informationOffices Hotels Residences. Contents
Offices Hotels Residences Contents 2 4 5 6 7 8 1 12 17 21 22 23 27 96 97 99 Performance Indicators Group Structure Corporate Information The Nomad Print Advertisement Corporate Profile The Nomad Showcase
More informationEmployment Record: DFDL, Vientiane, Lao PDR (Feb 2008 - Present )
ADVISER PROFILE NAME: POSITION: LOCATION: EXPERIENCE: NATIONALITY: WALTER HEISER Senior Counsel Vientiane, Lao PDR 30 years USA CURRICULUM VITAE Membership in Professional Societies: American Bar Association
More informationFast facts. Capital: Hanoi. Other important cities: Ho Chi Minh City and Da Nang. Weather: 3 distinct climate zones (South, Central and North)
VIETNAM Fast facts Capital: Hanoi Other important cities: Ho Chi Minh City and Da Nang Weather: 3 distinct climate zones (South, Central and North) Main international airports: Hanoi, Ho Chi Minh City
More informationThe Business Enablers Macau
The Business Enablers Macau Member of The Bank of East Asia Group 1 About Tricor 2 Macau Services 4 Tricor Offices Tricor Group (Tricor), a member of The Bank of East Asia Group, is a global provider of
More informationThe PORT Technology The Transit Management System for an intelligent, secure, personalized transit experience.
The The Transit Management System for an intelligent, secure, personalized transit experience. Introducing the Architectural innovations demand intelligent solutions As urbanization rates grow, so does
More informationFirst Grounds of Decision on Data Protection Breaches in Singapore issued by the Personal Data Protection Commission
MAY 2016 1 First Grounds of Decision on Data Protection Breaches in Singapore issued by the Personal Data Protection Commission On 21 April 2016, the Personal Data Protection Commission ( PDPC ) issued
More informationIntroducing the ASEAN IPR SME Helpdesk: Free Support for EU SMEs in ASEAN
Introducing the ASEAN IPR SME Helpdesk: Free Support for EU SMEs in ASEAN Practical, first-line intellectual property advice for EU SMEs in ASEAN Jakub Ramocki STI Days, Bangkok, 22. January 2014 A project
More informationOur Vision Imparting knowledge to help the people of Singapore and the global society stay relevant in their work and what they do.
About NUS Extension Our Vision Imparting knowledge to help the people of Singapore and the global society stay relevant in their work and what they do. Our Mission To make the NUS experience of excellence
More informationQFBS WAIVE TRANSACTION FEE ON SHARED ATM NETWORK - atm 5
QFBS WAIVE TRANSACTION FEE ON SHARED ATM NETWORK - atm 5 4 April 2006, Singapore - In a move to provide greater convenience, the five Qualifying Full Banks (QFBs) - ABN AMRO, Citibank, HSBC, Maybank and
More informationASEAN Cooperation Initiative in Quality Assurance Assoc. Prof. Dr. Nantana Gajaseni Deputy Executive Director, ASEAN University Network
ASEAN Cooperation Initiative in Quality Assurance Assoc. Prof. Dr. Nantana Gajaseni Deputy Executive Director, ASEAN University Network At the Workshop on Enhancing Quality Across Borders Regional Cooperation
More informationTax Efficient Supply Chain Management Services
ASIA PACIFIC Tax Efficient Supply Chain Management Services Helping Global Companies Achieve Enterprise-wide Efficiencies TAX 2008 KPMG International. KPMG International is a Swiss cooperative. Member
More informationManaging Payment Risks on International Construction Projects
Managing Payment Risks on International Construction Projects January 23, 2006 (The following outline was used in a presentation to the Overseas Construction Association of Japan, Inc. (OCAJI) on July
More informationGLOBAL LOGISTICS PROVIDER
www.globalhanjin.com GLOBAL LOGISTICS PROVIDER Hanjin North America Service Guide Tariff and Schedules Global logistics Provider HANJIN Hanjin North America Service Guide 03 SERVICE AND TARIFF GUIDE Hanjin
More informationInternational Employee Guide Assistance Repatriation International SOS n 202
International Employee Guide Assistance Repatriation International SOS n 202 You are going to leave or have already left France or your country of origin for a foreign destination. Your company has joined
More informationRegional Conference on Factoring in Asia
In cooperation with Ho Chi Minh City Vietnam 26 November 2013 Regional Conference on Factoring in Asia Invitation 1 Summary Factoring continues to grow successfully both in mature markets and in emerging
More informationCambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: August 2013
Cambodia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: August 2013 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3
More informationBusiness Services Hong Kong
Business Services Hong Kong Gain peace of mind Leave your back office issues with us Tricor Business Services partner with you to enhance your competitiveness and generate business value. Leveraging our
More informationSocial Protection in ASEAN Policy gaps and common challenges. Cheng Boon Ong 17 November 2014, Bangkok
Social Protection in ASEAN Policy gaps and common challenges Cheng Boon Ong 17 November 2014, Bangkok Methodology ABND for 7 Member States: Vietnam 2010-2011 Cambodia 2011-2012 Indonesia 2011-2012 Thailand
More informationPayment Systems Roadmap 2012-2016
November 2011 Table of Contents Executive Summary... 3 Background... 4 Summary of Thailand s payment systems assessment... 5 1) Needs of Key Stakeholders... 6 2) Assessment of payment systems environment...
More information1.1 The State Securities Commission (SSC) The SSC is the official regulator of the stock exchange, and is overseen by the Ministry of Finance (MOF).
The Securities Market in Vietnam 14 March 2007 This article is an introduction to the legal framework that governs the securities market in Vietnam, in particular public offers, listing, public companies
More informationTax Practice Where your success determines ours
Tax Practice Where your success determines ours 2 AGENDA Firm Overview 3 - Our Profile 4 - Our Attorneys 5 Tax Practice 6-7 - Our Procedures 8 - Disputes & Litigation 9 - Transactional Tax Advice 10 Contact
More informationA COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION
A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION Nguyen Van Thach International Cooperation Department Ministry of Transport of Vietnam nvthach@mt.gov.vn Bangkok, Phuket,
More informationHigher Education Services
Shaping the future of international education Higher Education Services ASIA COMMITTEE February 2015 2015 CIS Asia Tour Dear Colleague: On behalf of the Council of International Schools (CIS) Asia Committee,
More informationCustomer Service Documentation. Support and Escalation Contacts by Country
Support and Escalation Contacts by Country V 1.16 April 23 2015 Note: Information in this document is subject to change without notice. Oracle makes no warranty of any kind with regard to this material,
More information1. TERMS OF REFERENCE 1 2. INTRODUCTION 2 3. ACTION ITEMS 7 4. SUPPORTING COMMENTS ON THE ACTION ITEMS 11 5. LAWYERS AND LEGAL ADVICE 19
Table of contents Page 1. TERMS OF REFERENCE 1 2. INTRODUCTION 2 3. ACTION ITEMS 7 4. SUPPORTING COMMENTS ON THE ACTION ITEMS 11 5. LAWYERS AND LEGAL ADVICE 19 6. MODIFICATION TO THE COMCARE WEBSITE 24
More informationTelecommunications, media and technology
Our practice in Asia Telecommunications, media and technology Virtually all aspects of how we live and work are touched by the telecommunications, media and technology (TMT) industries. TMT companies don
More informationAIR FRANCE IN CAMBODIA
AIR FRANCE IN CAMBODIA 3 new weekly flights between Paris and Cambodia Starting on 28 March 2011, Air France will once again operate 3 weekly flights (round-trip) between Paris and Cambodia. On 18 August
More informationHow IE can assist in your overseas expansion. Mr Sam Yeo Senior Manager, Customer Services Group IE Singapore
How IE can assist in your overseas expansion Mr Sam Yeo Senior Manager, Customer Services Group IE Singapore Agenda 1. Overview of IE and its assistance 2. Market Readiness Assistance (MRA) Grant 3. Global
More informationIntroduction to KB Corporate & Investment Banking Group. Oct 2011
Introduction to Corporate & Investment Banking Group Oct 2011 Table of Contents I. Financial Group II. Kookmin Bank III. Corporate & Investment Banking Group IV. Contact Information 1 I. Financial Group
More information[ General Information of the Company,
32 [ General Information of the Company, Subsidiaries and Associated Companies ] General Information of the Company Shin Corporation Public Company Limited SHIN Nature of Business: Telecom, Satellite,
More informationUrban Planning and Development Systems Business Strategy
Urban Planning and Development Systems Business Strategy Hitachi IR Day 2012 June 14, 2012 Toshio Ikemura Vice President and Executive Officer Infrastructure Systems Group President & CEO Urban Planning
More informationRouse Legal (Hong Kong and Vietnam) Terms of Business
Rouse Legal (Hong Kong and Vietnam) Terms of Business 1. Rouse Legal Rouse Legal in Hong Kong is regulated by the Hong Kong Law Society. Rouse Legal in Vietnam is regulated by the Ministry of Justice Vietnam.
More informationUrban Planning and Development Systems Business Strategy
Urban Planning and Development Systems Business Strategy June 9, 2010 Hideaki Takahashi Vice President and Executive Officer President & CEO, Urban Planning and Development Systems Company Hitachi, Ltd.
More informationMekong - Ganga Cooperation- A Brief Overview
Mekong - Ganga Cooperation- A Brief Overview By Ms. Sayantani Sen Mazumdar India s notable presence in the global arena can be evidently discerned from its dynamic foreign policy orientation as well as
More informationA CREDITORS GUIDE TO LIQUIDATORS REMUNERATION SCOTLAND
A CREDITORS GUIDE TO LIQUIDATORS REMUNERATION SCOTLAND 1 Introduction 1.1 When a company goes into liquidation the costs of the proceedings are paid out of its assets in priority to creditors claims. The
More information2.4 Where a court liquidation follows immediately on an administration the court may appoint the former administrator to act as liquidator.
1. Introduction 2. The Liquidation Procedure 3. The Liquidation Committee 4. Fixing the Liquidator's Fees 5. What Information Should be Provided by the Liquidator? 6. What if a Creditor is Dissatisfied?
More informationSEAMS and its Position Toward Better Development of Mathematics in the Region
SEAMS and its Position Toward Better Development of Mathematics in the Region MENAO, Mathematics in Emerging Nations: Achievements and Opportunities Seoul Korea Tuesday, 12 August 2014 Edy Tri Baskoro
More informationGeoPuzzle Asia Teacher Resource Guide
GeoPuzzle Asia Teacher Resource Guide Introduction This guide is designed for teachers and parents of children ages 4-12. Combining the assembling of the GeoPuzzle Asia with some of the following questions
More informationAsia cruises to the Far East and beyond
Asia cruises to the Far East and beyond Ancient temples, modern metropolises, bustling marketplaces and serene landscapes greet you in the heart of Asia. and Shanghai are the gateways to an unforgettable
More informationA CREDITORS GUIDE TO ADMINISTRATORS REMUNERATION SCOTLAND This guide applies to all appointments on or after 6 April 2006. Any creditor requiring
A CREDITORS GUIDE TO ADMINISTRATORS REMUNERATION SCOTLAND This guide applies to all appointments on or after 6 April 2006. Any creditor requiring guidance on a case where the Insolvency Practitioner was
More informationFuture job market prospects and requirements for skilled human resources in the context of ASEAN integration
Future job market prospects and requirements for skilled human resources in the context of ASEAN integration Tokyo, Japan 13 December 214 Yoshiteru Uramoto Regional Director and Assistant Director-General
More informationThe Next Decade for Asian Higher Education and Research and its Impact on the Bologna Process and European Universities
The Next Decade for Asian Higher Education and Research and its Impact on the Bologna Process and European Universities Tan Kay Chuan Office of Quality Management National University of Singapore OUTLINE
More informationPress Release. Press Release SAVILLS VIETNAM REPORT ON NHA TRANG REAL ESTATE MARKET 1. APARTMENT SECTOR 4,200 6 3,500 5 2,800. projects.
units Press Release 21/9/215 SAVILLS VIETNAM REPORT ON NHA TRANG REAL ESTATE MARKET 1H/215 Co.,Ltd 18 th Floor, Continental Tower 81-85 Ham Nghi Street District 1, HCMC T: +84 8 3823 925 savills.com.vn
More informationRegional Morning Matters
25 Apr 2013 Regional Morning Matters Snapshot and summary of regional pack. Key reports for today: Tambun Indah Land BUY; Pavilion REIT BUY; Bank Rakyat Indonesia NEUTRAL; Bank Rakyat Indonesia NEUTRAL;
More informationCreation of a Flexible Education and Research Structure at the University of Tsukuba
Creation of a Flexible Education and Research Structure at the University of Tsukuba The 3 rd Japan Indonesia Rector s Conference 5th 6th November, 2015 Japan Educational Seminar in Indonesia 26 27 January,
More informationDecree No. 55 and regulatory trends in outsourcing 21 May 2014
Labor Outsourcing Decree No. 55 and regulatory trends in outsourcing 21 May 2014 Hang Nguyen Special Counsel This presentation has been prepared for clients and professional associates of Baker & McKenzie.
More informationTan Chong International Limited. Proposed General Mandates to Issue Shares and Buy Back Shares AND Re-election of Directors
If you are in any doubt about this circular or as to the action to be taken, you should consult a stockbroker, bank manager, solicitor, professional accountant or other professional adviser. If you have
More informationassured Marine Insurance Underwritten by Bao Viet Insurance Corporation
assured Marine Insurance Underwritten by Bao Viet Insurance Corporation MARINE INSURANCE Marine Cargo and Goods in Transit Insurance Liability Hull Claims www.hsbc.com.vn 02 Why BaoViet s Marine Insurance?
More information165(d) Resolution Plan for Cathay Financial Holdings. Public Section
165(d) Resolution Plan for Cathay Financial Holdings Public Section December 31, 2014 Table of Contents (a) Introduction... 2 (b) Name of Material Entity and Description of Core Business Lines... 2 (c)
More informationDebt Recovery Litigation. Where your success determines ours
Debt Recovery Litigation Where your success determines ours 2 Firm Overview Phuoc & Partners 3 Our Profile Phuoc & Partners is an independent law and consulting firm with integrated legal advisory and
More informationIntegrated Water Resources Management. Dong Nai Pilot Project, Vietnam Nam Ngum Pilot Project, Lao PDR Stung Sen Pilot Project, Cambodia
Integrated Water Resources Management Dong Nai Pilot Project, Vietnam Nam Ngum Pilot Project, Lao PDR Stung Sen Pilot Project, Cambodia Coordinated projects financed by 3 French Water Agencies (Loire Brittany,
More informationEstablishing a business
Establishing a business in Singapore legal guide Published November 2012 HERBERT SMITH FREEHILLS Establishing a business in Singapore 03 Introduction This guide provides an overview of common issues encountered
More informationHow your ANZ Credit Card works
ANZ Vietnam Hanoi Offices Head Office: Floor 17, 13 Hai Ba Trung Street, Hoan Kiem District - SWIFT : ANZBVNVX Hanoi Transaction Centre: 14 Le Thai To Street, Hoan Kiem District Cau Giay Transaction Office:
More informationLegal Business. Memorandum On Members Voluntary Winding-Up Of A Company In Singapore
Memoranda on legal and business issues and concerns for multiple industry and business communities Memorandum On Members Voluntary Winding-Up Of A Company In Singapore 1 Rajah & Tann 4 Battery Road #26-01
More informationVOICE AND INTERNET SERVICE CHARGES IN ASEAN MEMBERS : ANALYSIS AND RECOMMENDATIONS
International Journal of Advanced Research in Management (IJARM) Volume 7, Issue 1, Jan-Apr (2016), pp. 01-12, Article ID: 10220160701001 Available online at http://www.iaeme.com/currentissue.asp?jtype=ijarm&vtype=7&itype=1
More informationLoxley (Loxley TB) Trading Buy. No Surprises. Communications - Telecommunications Target Price: THB10.6 Market Cap: USD540m Price: THB7.
Results Review, Loxley (Loxley TB) Trading Buy Communications - Telecommunications Target Price: THB10.6 Market Cap: USD540m Price: THB7.65 No Surprises Macro Risks Growth Value Vol m 8.6 7.6 6.6 5.6 4.6
More informationUniversity Leadership Development Workshops
SEAMEO RIHED - AGB Spring 2014 University Leadership Development Workshops Preliminary Programme Malaysia Thailand 2 3 June 5 6 June Day 1 Preliminary Programme Who Should Attend The University Leadership
More informationNEW CHAIRMAN/BOARD AND CEO FOR SINGAPORE LNG CORPORATION MOVING TOWARDS A FULL-FLEDGED LNG BUSINESS ENTERPRISE
PRESS RELEASE 15 June 2010 NEW CHAIRMAN/BOARD AND CEO FOR SINGAPORE LNG CORPORATION MOVING TOWARDS A FULL-FLEDGED LNG BUSINESS ENTERPRISE It has been about a year since the Energy Market Authority (EMA)
More informationKey Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report
Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Please Note The findings presented here are preliminary and as delivered at the ASEAN Tourism Forum, January 2014. Final checks
More informationA CREDITORS GUIDE TO LIQUIDATORS FEES
A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES 1 Introduction 1.1 When a company goes into liquidation the costs of the proceedings are paid out of its assets. The creditors, who hope to recover
More informationThailand and ASEAN. 1. ASEAN: Forty Five Years of Achievements
Thailand and ASEAN 1. ASEAN: Forty Five Years of Achievements Since its inception in 1967, the Association of Southeast Asian Nations (ASEAN) has made a number of achievements towards regional peace, stability,
More informationCONTRACT FOR OPENING A SECURITIES TRADING ACCOUNT
CONTRACT FOR OPENING A SECURITIES TRADING ACCOUNT No. :. This contract is entered into on./.2013 in Ho Chi Minh City, Vietnam, by and between: 1..Ltd (hereinafter referred as to the Client ) - Registered
More informationBuilding the International Think Tank Network of China-ASEAN Universities
南 Nanning 宁 The 6 th ASEAN+3 Heads of International Relations Meeting 2016 Building the International Think Tank Network of China-ASEAN Universities Dr. Wei Mao China-ASEAN Research Institute of Guangxi
More informationCOMPARISON OF PROBLEM BANK IDENTIFICATION, INTERVENTION AND RESOLUTION IN THE SEACEN COUNTRIES
COMPARISON OF PROBLEM BANK IDENTIFICATION, INTERVENTION AND RESOLUTION IN THE SEACEN COUNTRIES Sukarela Batunanggar (Project Leader) The South East Asian Central Banks (SEACEN) Research and Training Centre
More informationINTERNATIONAL CONFERENCE ON ELECTRONIC LITIGATION 11 August 2011. Welcome Address of the Honourable Justice Lee Seiu Kin
INTERNATIONAL CONFERENCE ON ELECTRONIC LITIGATION 11 August 2011 Welcome Address of the Honourable Justice Lee Seiu Kin Chief Justice Chan Sek Keong, Lord Justice Rupert Jackson, Chief Justices and Fellow
More informationVietnamese legal system
Vietnamese legal system 1. Professional Legal Organisations 1.1. Lawyers Association The Vietnamese Lawyers Association is the broadest and largest vocational organization of law-related professionals
More informationEconomic Contribution of Cruise Tourism in Southeast Asia 2014 Major Findings
BREA Business Research & Economic Advisors Economic Contribution of Cruise Tourism in Southeast Asia 2014 Major Findings During 2014 there were a total of 1,672 cruise ship calls at the ports of the five
More informationMainstreaming Disaster Risk Reduction into National and Sectoral Development Process
Mainstreaming Disaster Risk Reduction into National and Sectoral Development Process Safer Training Health Course Facilities Regional Consultative Committee on Disaster Management (RCC) Training Course
More informationDealing with Contractors' All Risks Claims A Practical Approach
Dealing with Contractors' All Risks Claims A Practical Approach A Joint Workshop organised by SCI & AICLA M Hotel, Singapore 24 & 25 June 2013 Dealing with Contractors' All Risks Claims A Practical Approach
More informationASEAN. Southeast Asia. www.allenovery.com
ASEAN Southeast Asia www.allenovery.com ASEAN Southeast Asia A&O in ASEAN 22 partners 130+ lawyers (including partners) 6 offices across ASEAN* 15 Tier #1 ASEAN rankings Chambers Asia 2014 Allen & Overy
More information