The Vietnamese authorities have passed a new Law on Enterprises 2020 to replace the Enterprise Law as of 2014, which will become effective on 1 January 2021.

Prior to the COVID-19 pandemic, Section 149 of the Companies Act, 2013 required every company to have at least one director, who has stayed in India for not less than a 182 day period per calendar year.

The UAE has commenced the new year by introducing a series of amendments to the key piece of legislation governing business activities in the UAE - Law 2 of 2015 Regarding Commercial Companies.

In the Philippines, the Securities and Exchange Commission (SEC) has recently released a Memorandum Circular (MC) 28-2020.