On 27 May 2022, the Ministry of Labour and Vocational Training (MLVT) issued Notification No. 022/22 MLVT/NOTIF.DLI on the Implementation of Labour Self Inspection Regime via Automated System ("Notification") in accordance with the Labour Law and Prakas No. 358/21 MLVT/Pr.K.DLI on the Launching of the Labour Self Inspection Regime and Labour Inspection Via Automated System.
This Update highlights the obligations that the owners or directors of companies duly registered under the laws of the Kingdom of Cambodia and covered by the Labour Law should take note of pursuant to the Notification.
Guidelines on Registration and Additional Approval for Trustee in CIS and Custodian in Securities Sector
On 30 March 2022, the Securities and Exchange Regulator of Cambodia (SERC) and the Trust Regulator jointlyissued a new set of Guidelines on Registration and Additional Approval for Trustee in Collective Investment Scheme and Custodian in Securities Sector ("Guidelines").
In this Update, we highlight the key features of the Guidelines.
On 11 April 2022, the Ministry of Commerce (MOC) issued Prakas No. 0113 on Cooling-off Period ("Prakas") that sets out the legal framework that offers consumers the unilateral right to withdraw from a contract for the sale of goods or supply of services during the cooling-off period.
The Prakas applies to all distance and door-to-door sales of goods and/or services in Cambodia. Distance sales refers to indirect sale-purchase transactions conducted without the face-to-face presence of the parties where the consumer does not have an opportunity to inspect the goods and/or services. Door-to-door sales refers to sale-purchase transactions where the businessperson sells the goods and/or services at the consumers’ location or public places that are not the location of the businessperson.
The Prakas will be implemented within six months after the date of its issuance by the National Commission for Consumer Protection (NCCP) with the Consumer Protection Competition and Fraud Repression Directorate-General (CCF) as its arm.
In this Update, we briefly highlight some key aspects of the Prakas.