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Hong Kong’s First Comprehensive Cybersecurity Law: Key Requirements Under the Critical Infrastructure Protection Ordinance

2025-06-19
The passage of the Protection of Critical Infrastructures (Computer Systems) Ordinance marks a significant milestone in Hong Kong cybersecurity, establishing a new legal framework to protect essential services from cyber threats. The law imposes strict compliance obligations on designated critical infrastructure operators, with enforcement set to begin in 2026. Organizations in key sectors are urged to assess their potential obligations under this transformative regulatory regime.

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China Briefing

Breaking Down the US-China Trade Tariffs: What’s in Effect Now?

06/18/2025

UPDATE (June 16, 2025): The Bureau of Industry and Security (BIS) of the US Department of Commerce published a notice adding several household appliances to the tariff list of steel-derivative items, meaning they will be subject to an additional 50 percent tariff when imported into the US.

India Briefing

Karnataka Notifies Peenya as Special Investment Region to Boost Industrial Growth

06/19/2025

India’s southern state of Karnataka has designated Bengaluru’s Peenya Industrial Area as the state’s 18th Special Investment Region (SIR), empowering KIADB to lead infrastructure upgrades, streamline governance, and attract new investments in one of South India’s largest MSME hubs.

Vietnam Briefing

Vietnam Government Extends 2% VAT Reduction on Specific Goods and Services till End of 2026

06/19/2025

Vietnam’s National Assembly recently approved the extension of the 2 percent reduction on value-added tax (VAT) until December 31, 2026. Goods and services subject to the 10 percent VAT rate will continue to enjoy the 8 percent rate until the end of next year.

Middle East Briefing

Irish Food and Drink Exports Thrive in the MENA Region

06/19/2025

Irish food and drink exports to the MENA region hit EUR€546.9 million (US$624 million) in 2024, driven by rising demand for premium, halal-certified, and sustainably produced products in key markets like the UAE and Saudi Arabia.

ASEAN Briefing

Corporate Recovery and Liquidation in Vietnam: A Guide for Foreign Investors

06/18/2025

Foreign-invested companies in Vietnam are increasingly under pressure from rising operational costs, tighter regulatory enforcement, and weakening global demand.

China Briefing

Transfer Pricing Documentation in China: Common Pitfalls and Best Practices

06/18/2025

Preparing compliant transfer pricing documentation in China remains a complex task for multinational companies. From incomplete investment disclosures to vague pricing methodologies, many firms fall short of the expectations set by China’s transfer pricing rules.

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It has been produced by Dezan Shira and Associates since 1999.

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