Asia: Corporate/Commercial Law

In November 2009, the Federal Court of Australia (in Hine v New South Wales Land and Housing Corporation [2009] FCA 1242) considered whether or not a legal remedy was available for perceived injustices arising from a direction given by the Department of Housing (DOH) to its contractors, in circumstances where losses claimed were pure economic losses arising from dealings in a wholly commercial context.

On 21 April 2010 the High Court handed down its unanimous decision that damages are not available for the ‘loss of chance’ of a better medical outcome where the defendant’s negligence was merely a possible but less than a probable cause of the plaintiff’s damage.

In this case, the NSW Court of Appeal confirmed that the prima facie measure of damages where there are defects caused by a breach of a contractual obligation is the cost of rectification, provided the works to be carried out are both necessary under the contract and reasonable, affirming the principle espoused in Bellgrove v Eldridge.

The Securities Exchange Board of India ("SEBI") by Circular No. SEBI/HO/MRD/TPD/CIR/P/2025/50 dated 04.04.2025 ("Circular") has prescribed the standardized format for System and Network audit report of Market Infrastructure Institutions ("MIIs").

On 2 April 2025, the Securities and Exchange Board of India (SEBI) notified the SEBI (Infrastructure Investment Trusts) (Amendment) Regulations, 2025 (Amendment), introducing key changes to the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (SEBI InvIT Regulations).

In this March 2025 edition of our newsletter, we bring you a concise analysis of the rapid growth in India's civil aviation sector, now the world's third-largest domestic market.

In a world of constant economic uncertainty, foreign investors seem to view Vietnam as a promising land. This is particularly true in the franchise sector.

When creating a franchise agreement, ensure it covers essential terms such as intellectual property use, fees, and territory.

Consider your business goals when deciding between licensing and franchising.

With a history spanning more than 30 years, Japanese investment in Indonesia is a strong example of successful foreign investment.

Indemnity is a fundamental legal concept under contract law that provides protection against financial losses, damages, or liabilities.

In a move aimed at enhancing the regulatory framework under the Insolvency and Bankruptcy Code (IBC), the Insolvency and Bankruptcy Board of India (IBBI) has issued a public invitation for suggestions...