RHTLaw Taylor Wessing congratulates RHT Capital on her appointment as the Sponsor for Asiatravel.com Holdings Limited with effect from 1 October 2012.
Asiatravel is an online hotel reservation company and it operates in five segments: Internet hotel reservation service, promotion service, tour and transportation packages, air tickets, and corporate. Internet hotel reservation service includes provision of online hotel room booking service through the Company’s Website and wholesale hotel reservation services. Promotion service includes promotion of hotels’ and resorts’ products and services on interactive and cable television channels. Tour and transportation packages include arrangement of inbound and outbound sightseeing tours and provision of accommodation, meals and transport management services.
Asiatravel and its subsidiaries form the largest independent publically listed pan-Asia online travel reservation service provider. Together, the Group of Companies serve customers across Asia with a wholly owned network of offices in 9 countries- Singapore, Malaysia, Thailand, Philippines, Indonesia, Hong Kong, China, India and United Arab Emirates ( UAE) and 5 partner offices in Japan, Taiwan, Sri Lanka, the Maldives and Vietnam.
RHTLaw Taylor Wessing’s Corporate and Securities Deputy Head and Partner, Mr Lawrence Wong, is the appointed Registered Professional for Asiatravel.com Holdings Limited.
RHTLaw Taylor Wessing is committed to the development of our Associates. Taylor Wessing organises an International Associates Academy once every year. One of the objectives of the Academy is to allow associates from the various Taylor Wessing offices to meet and build a strong working relationship with their counterparts.
This year’s Academy will be held in Hamburg, Germany on 5 and 6 October 2012. We are pleased to announce that an Associate from our Banking & Finance and Real Estate practice will be sent for this event.
The programme for this year will include key topics such as:
Working internationally and the impact of culture;
Technical training: understanding the legal differences between jurisdictions and being commercially aware;
Building the Bond and operating as a commercial lawyer;
Developing trusted business advisor skills.
In Issue 1 of RHTLaw Taylor Wessing’s Indonesia Practice Bulletin, our Indonesia Practice team shared key insights on Indonesia’s new mining regulations.
The last three years saw a significant increase in the export of mineral ores from Indonesia following the enactment of the new Mining Law (Law 4/2009) in 2009.
The Ministry of Energy and Mineral Resources (“ESDM”) reported that exports of nickel ore increased by 800%, iron ore by 700%, and bauxite by 500%. This occurred despite the Mining Law mandating that miners must process and refine the ore within the country. This mandatory requirement will take effect on 12 January 2014.
As yet, mining companies have not put together a comprehensive plan to build domestic refinery facilities to meet the requirements of the new law. It was against this backdrop that the Government of Indonesia recently issued a series of regulations that were intended to accelerate the implementation by mining companies of their processing and refining obligations.
Please click on the link below to view the bulletin:
Indonesia Practice Bulletin Issue No. 01
As part of RHTLaw Taylor Wessing’s value added services, our Indonesia Practice team will be sharing key legal insights about Indonesia through our regular bulletin.
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RHTLaw Taylor Wessing congratulates RHT Corporate Advisory on her appointment as the corporate secretarial agent by Smartflex Holdings Ltd. ("Smartflex"), a Catalist Listed Company, with effect from 15 June 2012.
Smartflex is a comprehensive provider of IC module assembly and testing services for contact and dual interface smart cards, which are mainly used in the banking and finance, pay TV, telecommunications and transportation industries. Valued added services which the Company provides also include the loading of software or customer specific data into smart card IC modules.
Smartflex’s manufacturing facility in Singapore at approximately 3,077.20 sq m, houses equipment with wafer mapping and dicing, die attach, wire bonding, encapsulation and OS loading and testing and inspection capabilities. With full range of services, the Company are able to provide complete and innovative manufacturing solutions to their customers from Southeast Asia, Commonwealth of Independent States, Europe, India PRC, South America and the United States. It also maintains close ties with customers which include MNCs such as Oberthur Technologies, Eastcom Peace Smart Card and STMicroelectronics, through provision of a full range of smart card module related testing and assembly services.
Despite the uncertain state of the global economy, Eurosmart expects global shipment of smart cards to continue to grow in 2012, forecasting a 13% year-on-year increase to 6.92 billion units. This will be driven by a few factors including strong growth in demand for dual cards in both contact and contactless formats for the retail banking sector and in the telecommunications sector of developing markets like China and India.
The Company has recently announced joint venture with SANsystems Sarl, French engineering firm, which will raise the Group’s capabilities in the design and manufacturing of new products for smart card applications.
RHTLaw Taylor Wessing’s Corporate and Securities Partner, Mr Chew Kok Liang and Mr Nathaniel C V are the named Company Secretaries for Smartflex.