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Spotlight on 'improper payments' and whether they must be recovered

Spotlight on 'improper payments' and whether they must be recovered

The bulk of the $1.5 million in payments made by a Workers' Party-led town council to its managing agent were not improper, and should not be recovered even if they were because they were for services the town council used: SC Rajah

Defence disputes claim that AHTC spent more by engaging new agent

Defence disputes claim that AHTC spent more by engaging new agent

Mr Rajah also argued that an invoice of more than $106,000 paid to FMSS was not improper.

Categories: Headlines
$2.8m in extra payments to architect was justified, says WP lawyer

$2.8m in extra payments to architect was justified, says WP lawyer

LST Architects was deemed to be more efficient than DM: SC Chelva Rajah

Categories: Headlines
Duo found guilty under new contempt of court laws

Duo found guilty under new contempt of court laws

Civil activist and SDP politician found to have scandalised judiciary in their Facebook posts.

MAS puts fintechs on notice against shadow banking

MAS puts fintechs on notice against shadow banking

MAS says law will be enacted to require mobile wallet operators to ringfence deposits and payments so they don't function as unregulated banks.

Categories: Headlines

Voting rights of bondholders and trustees in restructuring proceedings

In Re Swiber Holdings Ltd [2018] SGHC 211, the SHC dealt with novel issues arising from when the bond issuer enters judicial management, or seeks  a to restructure its debt in a scheme of arrangement.

MAS releases E-payments User Protection Guidelines

The aim of these Guidelines is to establish a common baseline protection offered by responsible FIs from losses arising from unauthorised or erroneous transactions.

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