News

• Remove interest rate cap: experts

  December 3, 2014

  – HA NOI — Banking experts have recommended that the State Bank of Viet Nam (SBV) remove the interest rate cap regulation as the Vietnamese banking system’s liquidity was quite abundant.
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• EuroCham White Book reports improved business climate

  December 2, 2014

  – HA NOI — The European Chamber of Commerce in Viet Nam (EuroCham) on December 1, 2014 officially launched the seventh edition of its “White Book of Trade and Investment Issues and Recommendations.”

  The publication aims to summarise for the Vietnamese Government key issues regarding the Vietnamese business climate that affect European companies in Viet Nam.
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• Apple Found Liable for Price Fixing E-Books: New Level of Legal Complexity for Vertical Price Restraints

  July 15, 2013

  – After a lengthy bench trial before Judge Denise Cote, U.S. District Court Judge for the Southern District of New York, Apple, Inc. (“Apple”) was found liable for price fixing trade electronic books (“e-books”) in the United States. At first glance, this case appears to be no different than the many horizontal price-fixing cases that have come before it. But this case presents a unique legal twist worthy of untwisting. Judge Cote found that Apple’s participation in the horizontal price-fixing conspiracy between five book publishers constituted a per se violation of Section 1 of the Sherman Act. Apple, however, was not a book publisher; rather Apple’s role in the e-book market was as that of a retailer. As such, Apple was vertically related to each book publisher. This legal alert explores the various horizontal-vertical legal issues raised by U.S. v. Apple, Inc.
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• The Apple ebook price-fixing lawsuit has terrifying implications

  April 13, 2012

  – If Apple loses the US case for alleged price-fixing, Amazon will be left in sole charge of the publishing industry
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• Philippine airlines decry “unfair” competition from Emirates

  November 30, 2014

  – MANILA, Philippines – Philippine carriers are protesting the Civil Aviation Aeronautics Board’s decision (CAB) to allow Emirates to increase its Dubai-Manila flights despite exceeding its allowable capacity at the country’s most congested airport.

  Cebu Pacific Air and Philippine Airlines (PAL) said Emirates should not be granted an increase in service capacity at the Ninoy Aquino International Airport (NAIA), citing Executive Order No. 29.
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• WTO concludes first major trade deal

  November 29, 2014

  – GENEVA – After many years of talking, the World Trade Organisation (WTO) pulled off a major deal on November 27, 2014 that the body said could boost global commerce by US$1 trillion (RM3.38 trillion) annually.

  Diplomats said the deal was the first multilateral trade agreement in the organisation’s 20-year history. Agreement has been difficult to reach because WTO deals require the unanimous backing of its 160 member countries.
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• Bilateral trade with Laos projected at $1.5b this year

  November 29, 2014

  – HCM CITY — Bilateral trade between Viet Nam and Laos is expected to reach US$1.5 billion this year, according to the Lao Consul General in HCM City.

  Speaking at a ceremony in HCM City on November 28, 2014 to mark the 39th anniversary of the National Day of Laos (December 2), Southideth Phommalat said two-way trade was worth $995 million in the first nine months of the year compared to $733.5 million in the same period last year.
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• National Broadcasting and Telecommunications Commission set to block any ‘unfair’ M&A between big broadcasters

  November 11, 2014

  – PLANNED MERGERS between major broadcasters must now be approved by the broadcasting regulator in an attempt to prevent market domination.

  The resolution came out of a meeting of the broadcasting committee of the National Broadcasting and Telecommunications Commission (NBTC) on November 10, 2014.
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