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Daily News

 

Thursday
Apr262012

26 April 2012, Thursday

Airlines

Malaysia Airlines-AirAsia deal should not be viewed as a competitor ‘eating’ up rival

Unravelling of share swap would also dismiss anti-competition concerns

Auditing

More efforts required to enhance audit quality

AOB annual report

Competition

Organisations seek exemption from Competition Act 2010

Dispute resolution

Court of Appeal dismisses legal firm’s motion to have suit thrown out

Education

IT service provider Prestariang expands into higher education

Private equity firm Navis makes unconditional takeover offer for SEG International

Entertainment

Asia’s first Legoland theme park opening in September

Islamic finance

Malaysia likely to remain top Sukuk issuer

Property

Iskandar Investment inks agreement with MCT

Tax

Malaysia and Hong Kong agree to avoid double taxation

ASIA

Airlines

CT Corp set to become biggest private shareholder in Garuda Indonesia

Insurance

Swiss insurer Ace seeks expansion in Japan

AUSTRALIA

Media

Government considering new regulatory body

Property

Malaysia is fourth-biggest investor in Australian real estate

CANADA

Financial services

Bank can rely on statutory defence in cheque fraud scheme

Legal services

Business lawyers wary despite big jump in value of public debt and equity financings

EUROPE

Intellectual property

Appropriate forum for proceedings relating to online trademark infringement

Portrait photographs enjoy protection that is on a par with other artistic works

Pharmaceuticals

Bayer joins growing list of large pharmaceutical companies turning to acquisitions for growth

GLOBAL

Competition

Practical implications of recent competition and antitrust law developments worldwide

Intellectual property

ICANN list of proposed new gTLDs and applicants revealed soon

NEW ZEALAND

Competition

Pressure mounting for shipping companies to be subject to normal competition laws

Intellectual property

Like all tools, a trademark registration needs to be kept in good condition

SINGAPORE

Gaming

Las Vegas Sands sees no reason to work with Singapore-licensed junket operators

Mergers and acquisitions

Minority shareholders of DBS concerned about planned acquisition of Danamon

UK

Arbitration

Arbitrator’s declaration can be enforced as a judgment

Employment

Compulsory retirement ages can be justified on the basis of legitimate aims

Media

Right to obtain documents used in court cases

Important fillip to investigative journalism and meaningful reporting of court proceedings

Property

Right of way will not normally extend beyond any physical limits referred to in document

US

Fraud

Lend Lease billed agencies for fictitious work on public-works projects

Gaming

Las Vegas Sands’ Q1 profit beats analysts’ projections

Intellectual property

Reclaiming the rights to popular songs could translate to six-figure payday for musicians

Tax

Internal Revenue Service took too long in trying to collect back taxes

Wednesday
Apr252012

25 April 2012, Wednesday

Banks

Clifford Chance advising on Hong Leong’s first euro MTN

Capital markets

Kenanga Growth Fund eyes Dutch Lady Milk Industries and Nestlé (Malaysia)

Classification of sectors for 10 PLCs will be updated from Friday

Updated Securities Commission Malaysia guidelines on foreign funds

Courts

Sabah wants six more native courts

Earnings

Cagamas Holdings expects challenging year

Energy

Mining company’s withdrawal from Sarawak smelter project the latest blow in long-running saga

Fraud

Director of O&G company charged with cheating Bank Islam

Investment

Malaysia ‘a magnet for US investments’

Selangor, Penang and Johor potential beneficiaries of investments from Kyoto

Islamic finance

RBD Palm Olein a new commodity offering on Bursa Suq Al-Sila’

Legislation

Proposed Bioweapons Bill will be referred to Attorney-General’s Chambers by year-end

Property

First Legoland Hotel in Asia opening in 2014

Developer I-Bhd’s ‘iHome’ trademark sold for RM1.8 million cash

Acquisition of Princes House might bring new prospects for Eastern & Oriental

E&O’s first major property purchase overseas

Telecommunications

India dispatches officials to Malaysia and Singapore over Maxis acquisition of Aircel

ASIA

Graft

Hong Kong agency investigates payments to former chief secretary

Technology

South Korea’s LG introducing its organic light emitting display TV in May

AUSTRALIA

Employment

Sacked employees of Toyota Melbourne seek reinstatement

Intellectual property

Date of establishment on Melbourne Football Club logo challenged

GLOBAL

Arbitration

Growing concerns about how efficient and cost-effective it really is

Islamic finance

Considerable benefits in having an authoritative common platform to resolve disputes

SINGAPORE

Capital markets

Morgan Stanley, UBS join Goldman Sachs as lead managers for Formula One IPO

Earnings

Acquisition of new malls helped boost CapitaMalls Asia revenue

Property

Further cooling measures may be introduced

UK

Autos

Future of niche carmaker Lotus hangs in the balance

Education

Sale of College of Law to equity firm raises questions about future funding of universities

Intellectual property

Officials will be watching for all forms of infringement at the London Olympics

US

Earnings

Apple’s margins blow past forecasts

Reynolds American’s Q1 earnings down 29%

Graft

Movie studios’ dealings with China under probe

Tuesday
Apr242012

24 April 2012, Tuesday

Airlines

Management changes could affect service levels of Malaysia Airlines cabin crew

Banks

Maybank exploring opportunities in Thailand, but not in talks about TMB

Strong, double-digit growth in loans to SMEs this year

Indonesia’s Bank Central Asia closing its office in Malaysia

Capital markets

DRB-Hicom set to privatise and delist Proton Holdings

Felda seeks to include cooperative in upcoming listing

Trading in Kencana, SapuraCrest suspended from next Wednesday

Earnings

Bank Pembangunan Malaysia sees higher profit

British American Tobacco’s Q1 net profit up 8.9%

Stockbroking firm KAF-Seagroatt & Campbell registers higher non-operating gains

Employment

Former factory workers win full compensation

Financial crime

Switzerland cooperated with Hong Kong in case against Sabah chief minister

Further proof of investigation

Financial regulation

Bank Negara Malaysia defends responsible lending guidelines

Investment

Khazanah Nasional will eventually dispose of stakes in theme parks

Bidding firms for 10 government-linked entities revealed soon

Islamic banking and finance

Al Rajhi considers debut Sukuk to fund opening of new branches in Malaysia

Status quo cannot continue

Legislation

Universities and University Colleges Act still falls short of granting more academic freedom

Property

Challenging year for residential property

UOA Development racing to build country’s first condominium beach project

Tax

Malaysian and Bermuda agree to exchange information

Technology

Malaysia fifth slowest in the world for loading Web pages

ASIA

Intellectual property

Guangdong court mediating Apple-Proview iPad trademark dispute

Technology

Toshiba no longer bidding for bankrupt Japanese chip maker Elpida Memory

As Huawei has grown, so has concern over its future

CANADA

Employment

Law firm’s mandatory retirement policy for partners at issue

Insurance

Royal Bank of Canada, Bank of Montreal ‘flouting rules’ by promoting insurance on websites

GLOBAL

Graft

Key principles of extraterritorial jurisdiction of the US Foreign Corrupt Practices Act and UK Bribery Act

Mergers and acquisitions

Cash-rich companies still reticent on big acquisitions

Property

Chinese cities throwing up retail centres on a scope unmatched anywhere else

SINGAPORE

Commodities

CNMC Goldmine Holdings strikes gold in Malaysia

Legal profession

Foreign law firms can apply for licences in H2

Lawyer fined S$15,000 for placing S$5,000 from client into firm’s office account

UK

Aviation

Edinburgh Airport sold for £807 million

Financial regulation

Former UBS wealth management chief escapes £100,000 fine

Insurance

Prudential may bid for insurance business of Thai bank

Intellectual property

Aerolab’s and FondTech’s draftsmen had misused trade secrets

Telecommunications

Largest single CWW shareholder refuses to back takeover by Vodafone

US

Earnings

Facebook’s sizzling growth may be cooling

Intellectual property

Makers of counterfeit bags infringed fashion label Louis Vuitton’s IP

Microsoft infringed four Motorola Mobility patents in making Xbox gaming consoles

Mergers and acquisitions

Swiss food group Nestlé beats out French rival Danone for Pfizer’s baby food unit

Danone may have to scale back expansion ambitions

Monday
Apr232012

23 April 2012, Monday

Autos

DRB-Hicom denies reports on disposal of Lotus

Capital markets

Skali may list in Malaysia or on foreign bourse within a year

Corporate governance

Malaysian Institute of Accountants’ structure, lack of resources ‘posing some challenges’

Food and beverage

Ipoh operations of ‘kopitiam’ chain operator OldTown should begin by Q3

Insurance

There could be more deals among insurance companies

Legislation

Stiffer penalty for pet abuse under proposed amendment to Animals Act 1953

Sizing up the new Security Offences (Special Measures) Act

Media

Request for proposal for digital terrestrial TV broadcasting infrastructure out by end-April

Astro monopoly on some sporting events could end with new ruling

Oil and gas

Petronas secures two gas supply deals in Singapore and Indonesia

Terengganu drops RM2.8 billion suit over oil royalties

Real estate

Singapore’s Far East Organization plans to redevelop commercial site on Old Klang Road

IGB may be mulling over another two REITs

Master plan for Rubber Research Institute land being developed; tender by Q4

Tort

Lynas institutes defamation proceedings against online news service Free Malaysia Today

ASIA

Airlines

Indonesia a bonanza for international plane makers

Autos

Lamborghini unveils first sport-utility vehicle in two decades

Capital markets

Tense play-off between Hong Kong and Singapore over Man United IPO

Taiwan’s Mega Financial unit punished for alleged failings as underwriter

Intellectual property

In China, biggest threat to innovators, foreign or local, is opacity

AUSTRALIA

Intellectual property

Federal government under pressure to change copyright law

Mergers and acquisitions

Takeover activity back to where it was at the depths of global crisis

EUROPE

Insurance

Natural disaster may give insurers leverage to push through property and casualty price increases

Intellectual property

Nokia infringed patent belonging to German patents licensing company

SINGAPORE

Airlines

Singapore still a potential hub for Qantas’ premium Asian carrier

Real estate

Popularity of Singapore REITs set to rise

Mapletree Logistics Trust pursuing acquisition opportunities in Malaysia, Indonesia and Thailand

UK

Construction

Advice taken from claims consultants not covered by legal professional privilege

Insurance

Aviva prepares to take £1 billion hit on sale of US life assurance business

US

Graft

Wal-Mart may have hushed up evidence of kickbacks in Mexico

Wal-Mart's Mexico operations a major focus of its inquiry

Intellectual property

Outcome of Oracle-Google legal fight could shake up Android world of mobile devices

Friday
Apr202012

20 April 2012, Friday

Capital markets

Bursa Malaysia's Q1 profit dips

Farmers’ cooperative vote in favour of Felda Global Ventures listing

Damages

Soldier awarded RM140,000 for injuries sustained in assault

Dispute resolution

Talk on ‘Effective Dispute Resolution for Corporate Malaysia’ next Wednesday

Employment

Utusan Melayu loses appeal

Insurance

Malaysia Assurance Alliance will have a new name

Islamic banking and finance

Al Rajhi Malaysia mulls first ringgit-denominated Sukuk

Maybank Islamic on track to achieve target

Intellectual property

Pre-installed unlicensed software in new computers infringed on Microsoft’s copyright

Legislation

‘Stop the clock’ motion approved for first time in two decades

Printing Presses and Publications (Amendment) Bill 2012 passed

Amendments merely ‘baby steps’ towards greater media freedom

More clout for DG of Department of Environment

June tabling for Private Sector Retirement Age Bill

Second reading of Goods and Services Tax Bill 2009 deferred

Media

Media Prima on lookout for M&A opportunities

Metals

Lynas ‘very seriously’ impacted by delays in issuance of refining licence

Electrical wiring still not completed

Property

BLand building world’s biggest integrated mall complex in China

Bandar Raya Developments showcasing 6 CapSquare, Verdana in Singapore

Transport

Final cost for Kuala Lumpur-Singapore high-speed rail link only after feasibility study

Siemens eyes Ampang LRT line extension

ASIA

Capital markets

US$222 million raised in first IPO by Chinese government-backed news portal

Insurance

Indian insurer obliged to pay third-party claims even if insured’s premium has gone unpaid

AUSTRALIA

Intellectual property

Hollywood studios lose landmark copyright case

Islamic finance

Potential investment boom being stymied by barriers, says Crescent Wealth

Real estate

Claims of misleading and deceptive conduct do not end after settlement of off-the-plan contract

EUROPE

Competition

Conditional approval for Sony’s acquisition of EMI’s publishing division

Intellectual property

Goods in transit not ‘counterfeit’ and liable to seizure unless meant for sale in EU

GLOBAL

Economy

Eurozone debt crisis, slow US recovery continue to leave Asia as main driver of growth

Slowing growth in productivity could dent region’s competitive edge

Takaful

Growth in Bahrain and Malaysia showing signs of flagging

NEW ZEALAND

Intellectual property

Protecting goods and market share in a parallel universe

Telecommunications

Proposed regulation could push Chorus’ operating earnings down, cause grief for investors

SINGAPORE

Economy

Domestic affairs becoming as challenging as those outside the republic

Real estate

Wilmar International founder raises exposure to sector

UK

Autos

Lotus CEO’s views on recent takeover of Proton

Competition

Fuel surcharge fine against British Airways is halved

Gaming

Work on Genting Casino’s new home begins September

Mergers and acquisitions

US biotechnology group rebuffs GlaxoSmithKline’s advances

US

Antitrust

Tech companies must face staff-poaching lawsuit

Earnings

Tobacco company Philip Morris’ Q1 profit beats estimates

Legal services

What happens when an industry can’t see past the good times, then gets sacked by the bad

Mergers and acquisitions

Hostile activity is heating up

Johnson & Johnson acquisition of Swiss medical device maker should close this quarter