A sale and purchase agreement containing completion accounts provisions, and warranties associated with this, is intended to give the buyer the right to trigger a warranty claim in the event that the seller’s warranty as to the value of the target business is inaccurate or incorrect. In that event, the agreement will likely also contain a price adjustment mechanism, by way of which the parties … Continue reading Business Acquisitions – the problems associated with valuation
Readers may be interested to read the full text of the joint, Ministry of Finance and Bank Indonesia press release, setting out six priority areas for the period of the country’s presidency of the G20, as below: JOINT PRESS RELEASE No. 23/323/DKom SP-104/KLI/2021 Indonesia officially kickstarted the finance track of its G20 Presidency today (09/12), hosting the 1st Finance and Central Bank Deputies (FCBD) Meeting, held … Continue reading Indonesia commits to six areas for finance
A gas sales or transportation agreement will typically contain terms and conditions for liability for delivery of off-specification (or off-spec) gas. The quality of the gas delivered will be tested at the delivery point in order to ensure that it meets contractual specification requirements as to quality. The difficulty with off-spec gas, is that it may be commercially unusable by the buyer, or by the … Continue reading What is off-specification gas?
A number of my current clients comprise individuals or commercial businesses from or based overseas of the UK, wanting to set up a business presence in the UK, or buy into an existing UK business. The business lines are diverse, and to date they have included tech or software companies, property developers, providers of specialist services, or portfolio investors. Typically, they will have already carried … Continue reading Doing business in England and Wales
The Covid-19 pandemic gave rise to border closures in a number of parts of the world, and this resulted in shortages of labour where labour is typically accessed from across the border. This has been evident in Singapore, so Singapore’s Ministry of Manpower has decided to implement a temporary easing of regulations restricting renewals of work permits for certain business sectors. These sectors include building … Continue reading Singapore labour regulation softens in light of the Covid-19 pandemic
Indonesia is a country with a great deal of potential; it covers a very large and diverse area of land and sea; is largely fertile and productive; and has a slowly growing, reasonably well-educated middle class. It is rich in a number of natural resources … timber, rubber, a range of minerals, hydrocarbons, fisheries, agricultural produce, and so on. Its infrastructure is improving, though we … Continue reading Indonesia: the pros and cons of doing business there
Singapore has been in the spotlight for the past few months, for different reasons, among which are the country’s response to the Covid-19 pandemic, and the recent shift of global wealth to its shores. What makes Singapore the success story it clearly is, and what should we consider if we have a growing interest in migrating to Singapore, either for business purposes or for residence? … Continue reading Singapore: the pros and cons of basing your business there
Ministry of Manpower Regulation No. 8/2021 issued in March this year, is an implementing regulation with regard to the employment of foreign workers in Indonesia. It is the implementing regulation for Government Regulation 34/2021. To re-cap, for those of us who may be familiar with Indonesian labour law, an employer wishing to employ a foreign worker is required to submit a manpower utilization plan to … Continue reading Indonesia: further Labour Law changes
From fossil fuel dependency to renewable energy in South-East Asia Continue reading South-East Asia’s shift towards a clean-energy economy
Some years ago, in one of my General Counsel roles, my client wanted to re-vamp its entire Human Resources system. What should this ideally cover? A policy document should start with a statement of its objectives, and the range and types of personnel which it applies to. The responsibilities of the human resources function itself should be set out in summary form, defining its role … Continue reading Corporate Human Resources policies: what should this cover?