19 January 2017
Singapore Law Watch
SEARCH BY TOPIC
Notices & Directions
Continuing Legal Education
Skip to content
FROM THE SUPREME COURT (exclusive to SLW)
There is currently no update in this section. Please check back soon for the latest updates.
Changes to investment management law: what’s new, what’s not, and what might cause you to end up in a knot
Securities and Futures (Amendment) Act 2016 gives a more expansive definition of “collective investment scheme”, regualtes fund investing in precious metals, agricultural assets, prohibits the commingling of participants’ contributions...
WongPartnership LLP, 18 Jan 2017
Civil Law (Amendment) Act 2016: Singapore to allow third-party funding in international arbitration
The Civil Law (Amendment) Act 2016 will allow third-party funding only in the field of international arbitration and related proceedings including court/mediation proceedings arising from or out of the international arbitration proceedings...
Rajah & Tann, 17 Jan 2017
MOF issues regulations to implement Common Reporting Standard in Singapore
Income Tax (International Tax Compliance Agreement) (Common Reporting Standard) Regulations 2016 will enable financial institutions to put in place necessary processes and systems to collect CRS information…
Allen & Gledhill, 11 Jan 2017
Consumer Protection (Fair Trading) (Amendment) Act 2016 effective from 9 December 2016, SPRING appointed administering agency
The Consumer Protection (Fair Trading) Act has been amended to strengthen the measures that may be taken against errant retailers who persist in unfair practices…
Allen & Gledhill, 06 Jan 2017
Securities and Futures (Amendment) Bill: Regulating OTC derivatives, stronger investor safeguards, short-selling requirements, tougher enforcement against market misconduct, financial benchmarks framework
The Bill seeks to implement wide-ranging changes to the Securities and Futures Act which aim to keep the Singapore capital markets regulatory framework in pace with market developments and aligned with international standards and best practices...
Allen & Gledhill, 14 Dec 2016
IPOS seeks feedback on proposed designs-related legislative amendments
The key proposed legislative amendments includes broadening scope of design protection and scope period, maintaining minimal overlap between design protection and copyright protection...
Allen & Gledhill, 13 Dec 2016
Retirement and Re-employment (Amendment) Bill 2016: Extending re-employment age ceiling from 65 to 67
The Retirement and Re-employment (Amendment) Bill 2016 enhances the re-employment policy through a raised re-employmnet ceiling, removal of wage-cut provision and re-employment obligations...
Allen & Gledhill, 08 Dec 2016
Mediation Bill 2016 setting out mediation framework introduced in Parliament
This executive summary examines key features of the Mediation Bill 2016 that aims to support international commercial mediation by strengthening the enforceability of mediated settlements..
Allen & Gledhill, 07 Dec 2016
Civil Law (Amendment) Bill 2016 proposing third party funding framework introduced in Parliament
This executive summary looks at the amendment of the Civil Law Act to enact a framework for third-party funding for international arbitration proceedings, a feature in major arbitration centres around the world...
Allen & Gledhill, 07 Dec 2016
Securities and Futures (Amendment) Bill 2016 undergoes first reading in Parliament
This executive summary looks at key provisions in the Bill to ensure that the capital markets regulatory framework in Singapore keeps pace with market developments and is aligned to international standards and best practices…
Rajah & Tann, 24 Nov 2016
Credit Bureau Bill 2016: Regulatory framework for credit bureaus
This executive summary looks at the Bill which ensures the sound operation of licensed credit bureaus, safeguard the confidentiality, security and integrity of customer credit information, and protect consumer interests…
Allen & Gledhill, 23 Nov 2016
Telecommunications (Amendment) Bill 2016: Facilitating access to rooftop space for mobile deployment and establishing alternative dispute resolution scheme for telecommunication and media sector
IMDA will be empowered to issue a written notice to licensees, developers, owners or occupiers of land or buildings, to comply with a code of practice in relation to the provision of access to a space or facility within or on the land or building...
Allen & Gledhill, 22 Nov 2016
Mediation Bill: MinLaw responses to feedback received from public consultation on the draft Bill
This executive summary highlights aspects of Singapore’s mediation framework, where the Mediation Bill proposes new consolidated legislation which can give welcome statutory support to the mediation process and its outcomes…
Lee & Lee, 21 Nov 2016
Latest developments: Employment law
This executive summary looks at legislation updates pertaining to the Employment Claims Act and the Child Development Co-Savings Act…
WongPartnership LLP, 18 Nov 2016
Income Tax (Amendment No. 3) Bill 2016: Implementing Budget Statement 2016 changes and Country-by-Country Reporting
Key changes from 2016 Budget Statement include ncreasing the corporate income tax rebate for YAs 2016 and 2017 from 30% to 50% of corporate tax payable, enhancing the M&A scheme by increasing the maximum capital expenditure on share acquisition...
Allen & Gledhill, 17 Nov 2016
Personal Data Protection Act – Obligation to protect and secure data, and what to do in case of breach
This executive summary looks at the lessons to be learnt from cases investigated by the PDPC…
Dentons Rodyk & Davidson LLP, 15 Nov 2016
Info-communications Media Development Authority Act 2016 and Government Technology Agency Act 2016 in force from October 2016
The IMDA Act establishes the IMDA as a converged info-communications media developer and regulator. Consumers will be a key focus for IMDA…
Allen & Gledhill, 15 Nov 2016
Choice of Court Agreements Act 2016 in operation from 1 October 2016: New regime for upholding exclusive choice of court agreements and recognising and enforcing foreign judgments
The Act gives effect to the Convention on Choice of Court Agreements, which establishes an international legal regime requiring a party to the Convention to uphold exclusive choice of court agreements designating the courts of Contracting States...
Allen & Gledhill, 14 Nov 2016
Companies (Amendment) Bill 2017: Proposals to reform Singapore’s debt restructuring and corporate rescue framework
The proposals include schemes of arrangement that implement debt restructuring proposals, provisions to enable companies to apply for a judicial management order more easily, reforms that would facilitate resolutions of cross-border insolvencies…
Rajah & Tann, 09 Nov 2016
Companies (Amendment) Bill 2017: Introduction of an inward re-domiciliation regime
The amendments are part of efforts to ensure that Singapore’s corporate regulatory regime remains internationally competitive and continues to stay robust, and will form part of a larger Companies (Amendment) Bill 2017…
Rajah & Tann, 07 Nov 2016
Consumer Protection (Fair Trading) Act: Bill to amend Act passed but not yet in force
The Act is amended to strengthen the civil measures that may be taken under the CPFTA against errant retailers who persist in unfair trading practices…
Allen & Gledhill, 21 Oct 2016
SHC finds that foreign liquidators appointed in a voluntary liquidation abroad can be recognised in Singapore
The SHC in Re Gulf Pacific Shipping  SGHC 287 held that liquidators appointed in a foreign voluntary liquidation can be recognised in Singapore, and that there should not be any distinction drawn between voluntary and compulsory liquidations…
Clifford Chance, 19 Jan 2017
SCA: Applicable test - Application for leave under s 216a Companies Act to intervene in on-going proceedings
The SCA in Chong Chin Fook v Solomon Alliance Management  SGCA 5 held that in an application for leave to intervene in on-going proceedings involving companies, it must be demonstrated that there was a real probability that the company would not...
Drew & Napier LLC, 19 Jan 2017
SHC: Receiving payments from a company when winding-up proceedings have been commenced against it
In Centaurea International v Citus Trading  SGHC 264, while any payment made by a company after the commencement of its winding is prima facie void, s 259 Companies Act provides that the Court may order an order validating the payments...
Shook Lin & Bok LLP, 17 Jan 2017
SHC grants summary judgment for infringing goods bought off defendant’s website
Calvin Klein, Inc v HS International  SGHC 214 provides useful guidance on the liability of an operator of a shopping website which sells trade mark-infringing goods.
Allen & Gledhill, 11 Jan 2017
SHC: Joint accounts – The new shield?
The SHC in One Investment and Consultancy v Cham Poh Meng  SGHC 208 held that a joint account held in the names of a judgment debtor and third parties jointly cannot be subject to attachment under a garnishee order…
Dentons Rodyk & Davidson LLP, 06 Jan 2017
SCA discusses meaning of “serious misconduct” in employment contract
The SCA in Phosagro Asia v Piattchanine, Iouri  SGCA 61”, applying the common law principles relating to discharge of breach. held that “serious misconduct” meant a breach of the employment contract that was so serious that it would justify...
Allen & Gledhill, 05 Jan 2017
SCA discusses the duties of a bank whenever dealing with vulnerable guarantors
The case of Sudha Natrajan v The Bank of East Asia Ltd  SGCA 66 underscored the need for banks to pay heed and comply with their basic duties of care set out in the Etridge Duties and Clause 6 of the Code...
Shook Lin & Bok LLP, 15 Dec 2016
SCA dismisses “just and equitable” winding up application on account of buy-out provision in the company’s articles
In Ting Shwu Ping v Scanone Pte Ltd and another appeal  SGCA 65, the SCA held that a buy-out provision in a company’s articles can affect whether winding up applications...
Rajah & Tann, 14 Dec 2016
SHC orders claw back of payments to former director of family company
The SHC in CCM Industrial v Chan Pui Yee  SGHC 231 ruled that the payments constituted an unfair preference recoverable by the liquidators…
Allen & Gledhill, 13 Dec 2016
SHC: Minding your W’s and P’s - The spectre of without prejudice privilege
The SHC in The Enterprise Fund II v Jong Hee Sen  SGHC 259 held that the communications in question between parties were subject to "wihtout prejudice" privilege, even though those communications were not expressly marked as such…
TSMP Law Corporation, 06 Dec 2016
SHC: Admission of QC to Singapore courts permitted only when necessary
The SHC in Re Landau, Toby Thomas QC  SGHC 258 held that all the matters that the applicant raised were those that Singapore courts and local counsel have experience hearing and arguing and were not therefore novel...
Morgan Lewis Stamford LLC, 01 Dec 2016
SHC: Arbitration clause held to be governed by law of main contract
"The SHC in BCY v BCZ  SGHC 249 followed the approach of the English CA in Sulamérica  1 WLR 102 beacuase the weight of authority supported the Sulamérica approach which was preferable as a matter of principle...
Morgan Lewis Stamford LLC, 25 Nov 2016
IPOS Case Summary: Bentley Motors Limited v Aucera SA  SGIPOS 11 (whether registered mark used in Singapore)
The registrar revoked the proprietor’s registration of the mark on the grounds of non-use in Singapore. The registrar did not find the evidence sufficient to support the proprietor’s claim that goods bearing the mark were imported into Singapore...
Intellectual Property Office of Singapore, 22 Nov 2016
SHC: Is there a binding independent arbitration agreement when parties dispute the existence of the underlying contract
In BCY v. BCZ  SGHC 249, the SHC decided that there was no binding arbitration agreement between the parties formed independently of the agreement…
Lee & Lee, 18 Nov 2016
SHC: “Reasonable Care” condition precedent in an insurance policy
The SHC in Grace Electrical Engineering v EQ Insurance  SGHC 233 demonstrated a balanced and cautious approach when determining conditions precedent in insurance policies…
Rajah & Tann, 16 Nov 2016
SHC: Validity of a dispute resolution clause which grants one party the right to elect to arbitrate
In Dyna-Jet v Wilson Taylor Asia Pacific Pte Ltd  SGHC 238, the SHC decided that a clause which grants one party the right to arbitrate disputes constituted a valid “arbitration agreement” under Section 2A of the International Arbitration Act...
Lee & Lee, 16 Nov 2016
By-law imposing fines for encroachment of common property declared invalid by Strata Titles Board
In Technocrete v MCST Plan No. 3293, STB 32 of 2016, the Strata Titles Board held that a by-law which imposed a penalty and was not made in the interest of all subsidiary proprietors, was invalid…
Lee & Lee, 15 Nov 2016
SHC: Misrepresentations during pre-contract negotiations
In Honey Secret Pte Ltd v Atlas Finefood Pte Ltd and others  SGHC 164, the SHC had to navigate through misrepresentation in pre-contract negotiations…
Rajah & Tann, 14 Nov 2016
SCA rules on controversial summary dismissal case
The SCA in Iouri Piattchanine v Phosagro Asia Pte Ltd  5 SLR 1257 overturned the ruling that the employee was not guilty of serious misconduct...
Linklaters, 11 Nov 2016
SCA: Respondent may be taken to have waived the Claimant’s breach of a mandatory provision of the SOP Act if no objection is raised by the time the respondent submits its payment response.
The SCA in Grouteam Pte Ltd v UES Holdings Pte Ltd  SGCA 59 higlighted on the appropriate time to raise an objection...
Lee & Lee, 11 Nov 2016
SHC holds joint accounts cannot be attached under a garnishee order
The SHC in One Investment and Consultancy v Cham Poh Meng  SGHC 208 held that it was difficult for banks to ascertain the correct proportion to attach to a garnishee order as it has no visibility as to the respective contributions of the joint...
Allen & Gledhill, 07 Nov 2016
IRAS Case Summary: GBF v Comptroller of Income Tax  SGITBR 01
The Board found that the Comptroller had exercised its powers reasonably and fairly in decided that there was no genuine commercial reason for a complex restructuring arrangement, the purpose of which was to avoid the appellant’s liability to pay tax...
Inland Revenue Authority of Singapore, 04 Nov 2016
Latest developments: Company law, Arbitration
This executive summary looks at Pacific Andes Resources Development  SGHC 210 on the application of s210(10) Companies Act and Rals International v Cassa di Risparmio di Parma e Piacenza  SGCA 53 concerning disputes arising from negotiable...
WongPartnership LLP, 04 Nov 2016
BNY Mellon Corporate Trustee Services Limited (Appellant) v LBG Capital No 1 Plc and Anor (Respondents)  UKSC 29
This article summarises the issues raised in the case relating to the interpretation of the deed of a contingent convertible instrument…
Law Society of Singapore, 02 Nov 2016
Calculating damages for dependants in personal injury cases
The SCA in Zhu Xiu Chun v Rockwills Trustee Ltd  SGCA 52, the court took the position that in determining the quantum, one needs to bear in mind “reasonable expectation of pecuniary benefit".
Rajah & Tann, 27 Oct 2016
[GBR] Recovery of third party funding fees as costs of the arbitration
In Essar Oilfields Services v Norscot Rig Management  EWHC 2361, the court held that a tribunal has the power under s 59(1) of the English Arbitration Act 1996 to award the cost of third-party litigation funding as costs of the arbitration...
26 Oct 2016
SCA: Non-delegable duties of architects and main contractors in construction claims
The SCA in MCST Plan No. 3322 v Tiong Aik Construction  SGCA 40 held that architects and main contractors were not subject to a non-delegable duty in tort to ensure that the building and design of the construction project was undertaken...
Dentons Rodyk & Davidson LLP, 25 Oct 2016
IPOS Case Summary: Tan Jee Liang trading as Yong Yew Trading Company v FMTM Distribution Ltd  SGIPOS 09
The Registrar found that the manner in which the Applicant’s List of Issues for Cross-Examination had been particularised was relevant, satisfactory, and useful to the key material issue of non-use...
Intellectual Property Office of Singapore, 25 Oct 2016
SHC considers locus standi issues in a section 216 case which bears all the hallmarks of a classic case of oppression
The SHC in Lim Seng Wah v Han Meng Siew  SGHC 177 held that the plaintiffs had lost their locus standi to continue with the claim of oppression when they ceased to be registered as shareholders in the company…
Allen & Gledhill, 20 Oct 2016
MAS revises MAS Notices 643 and 639A to implement changes to related party transaction requirements with effect from 21 November 2018
This update looks at key changes to RPT transactions by banks in Singapore who have to ensure that every transaction with its related parties is conducted free of conflict of interests…
Allen & Gledhill, 30 Dec 2016
[GBR] COA considers scope of liability for misrepresentation and efficacy of disclaimers against the same in case involving claims made by a secondary market investor against an issuer of bonds.
In Taberna Europe CDO II v Selkskabet AF  EWCA Civ 1262, the COA has reversed a High Court decision which found that an issuer of subordinated notes was liable in misrepresentation to a secondary market bond investor...
Linklaters, 30 Dec 2016
Amendment protocol to the India-Singapore tax treaty inked
The Third Protocol amending the existing tax treaty provides for source-based taxation whereby capital gains arising from the sale of shares acquired on or after April 1, 2017 by a Singapore tax resident in an Indian company will be taxable in India…
Morgan Lewis Stamford LLC, 13 Jan 2017
[ASEAN] Competition bites – ASEAN & Beyond
This executive summary highlights competition-related legal and economic developments in ASEAN as well as key jurisdictions elsewhere, notably anti-competitive conduct by trade associations...
Rajah & Tann, 13 Jan 2017
Series of changes to employment laws in 2017
This executive summary looks at the changes relating to maternity, paternity and shared parental leave; retirement and re-employment; employment claims framework; employment pass criteria; human capital partnership programme…
Drew & Napier LLC, 12 Jan 2017
Singapore law year in review 2016 and year to come
This executive summary reviews the legal happenings for 2016 and what can be expected in the upcoming year…
Linklaters, 12 Jan 2017
MTI announces support measures for marine and offshore engineering companies
Companies in the marine and offshore engineering industry may take advantage to an enhanced IE Singapore Internationalisation Finance Scheme and a re-introduction of SPRING’s Bridging Loan which are aimed at facilitating M&OE companies’ access to capital.
Allen & Gledhill, 06 Jan 2017
MAS issues consultation paper on “Proposed Amendments to the Code on Collective Investment Schemes”
The amendments to the CIS Code looks at rules for Precious Metal Funds, REITs, and other disclosure requirements...
Allen & Gledhill, 05 Jan 2017
ABS enhances disclosure standards for private banks in the Private Banking Code of Conduct
The enhanced standards stipulate that private banks have to provide clients with a cleaer fee schedule and disclose bond rebates accordingly…
Allen & Gledhill, 29 Dec 2016
Latest developments: Arbitration, Employment Law and Family Law
This executive summary looks at a dispute resolution clause providing for a unilateral right to arbitrate, mandatory retrenchment reporting, and the case of automatic revocation of CPF nomination in a sham marriage...
WongPartnership LLP, 29 Dec 2016
Revisiting pre-action discovery: Applications against network service providers for subscriber details
This update discusses the recent developments for disclosure of subscribers' applications in Singapore, with reference to similar applications in Australia…
Law Society of Singapore, 29 Dec 2016
Resolving neighbour disputes through the Community Disputes Resolution Tribunal, State Courts of Singapore
This executive summary provides a comprehensive insight into the workings of the CDRT, including the judge-led and problem-solving approach that the Tribunal Judges and Court Administrators employ to address each unique case…
Law Society of Singapore, 28 Dec 2016
MAS proposes revisions to the competency requirements for representatives conducting regulated activities under the Securities and Futures Act and Financial Advisers Act
The amendments relate to the CMFAS requirements and CPD training proposed in light of regulatory changes for the capital markets and financial advisory industries...
Shook Lin & Bok LLP, 23 Dec 2016
Retention of records - Quotidian but necessary
This executive summary discusses the key statutorily-provided minimum retention periods local firms must comply with…
Dentons Rodyk & Davidson LLP, 23 Dec 2016
MAS publishes guidelines on margin requirements for non-centrally cleared OTC derivatives contracts
This executive summary examines how the margin rules might impact trading relationship with certain counterparties...
Linklaters, 21 Dec 2016
New minimum trading price framework implemented
Listed companies will be placed on the MTP Watch-List if their volume-weighted average price falls below S$0.20 and their average market capitalisation is less than S$40 million over the six months preceding each semi-annual review…
Rajah & Tann, 21 Dec 2016
SICC determines damages following first full judgment on liability
The case of Telemedia Pacific Group v Yuanta Asset Management International  SGHC(I) 06 demonstrated of the SICC's damage assessment, determination of interest, as well as allocation of costs…
Rajah & Tann, 19 Dec 2016
MAS reviews regulatory regime for venture capital managers to support entrepreneurship and innovation
MAS is working with the VC industry to grow the funding landscape for start-ups in Singapore and the region…
Allen & Gledhill, 19 Dec 2016
MAS issues consultation paper on “Review of MAS 105 on Insurers’ Appointment of Custodians and Fund Managers”
The proposed revised scope of MAS 105 will be broadened to cover all custodians and sub-custodians, local and overseas. MAS also intends to refine and streamline the information collected on custodian arrangements…
Allen & Gledhill, 16 Dec 2016
MAS revises MAS Notice 637 on “Risk Based Capital Adequacy Requirements for Banks Incorporated in Singapore"
The amendments are made to implement revisions to the Basel III capital framework, which would improve the comparability and consistency of disclosures and enable market participants to better assess a bank’s capital adequacy…
Allen & Gledhill, 15 Dec 2016
Full convergence with IFRS in 2018 for Singapore-Listed companies
The application of IFRS 1 could lead to the restatements of previously reported financial information in respect of comparative periods…
Rajah & Tann, 13 Dec 2016
Sustainability reporting: Towards more holistic disclosure
This executive summary examines the new sustainability reporting framework and offers pointers on the primary components to be included in a sustainability report…
Shook Lin & Bok LLP, 12 Dec 2016
IPOS seeks feedback on proposed changes to Singapore’s patents legislation: Broadening the grace period for patent applications
The proposed changes aim to provide a limited safety net where the invention has been publicly disclosed prior to the filing of a patent application…
Allen & Gledhill, 12 Dec 2016
APAC Regional Intelligence and Analysis Centre and what's next in Singapore's FinTech journey
Singapore's FinTech agenda incldues facilitating the infrastructure for an innovation ecosystem and and calibrating the appropriate regulatory response accordingly...
Baker & McKenzie.Wong & Leow, 08 Dec 2016
CCS revises Guidelines and introduces new fast track procedure and stricter control test
The fast track procedure allows parties who admit liability for their infringement of the Competition Act to be eligible for a reduction of 10% on the amount of financial penalty that would otherwise be imposed…
Allen & Gledhill, 06 Dec 2016
Uber drivers and the gig economy – Determining the employment status of workers
This executive summary examines the UK Employment Tribunal’s decision that Uber drivers are workers entitled to minimum wage and holiday pay, and the potential impact on the Singapore on-demand and gig industry...
Rajah & Tann, 05 Dec 2016
Singapore announces mandatory retrenchment notifications
This executive summary looks at MOM's new requirement for employers to submit Retrenchment Notification Forms should 5 or more employees be retrenched within a six-month period…
Morgan Lewis Stamford LLC, 02 Dec 2016
Liability of an internet subscriber for acts of copyright infringement over the internet
This executive summary examines the case of copyright infringement for internet subscribers who downloaded the movie "Dallas Buyers Club" and their liabilties, along with recourse for rights owners…
Dentons Rodyk & Davidson LLP, 02 Dec 2016
SGX launches two initiatives to help Trading Members detect and stop market misconduct
This executive summary looks at the first release of the Trade Surveillance Handbook and the Surveillance Dashboard that trading members can incorporate into their surveillance programmes to prevent, detect and halt market malpractices...
Allen & Gledhill, 25 Nov 2016
MAS revises Guidelines on the Regulation of Clearing Facilities
This executive summary highlights aspects of the Guidelines, including the regulatory regime, obligations, business rules and clearing fees of clearing facilities…
Allen & Gledhill, 24 Nov 2016
Changes to Singapore’s copyright regime
This executive summary higlights the timely review of Singapore’s copyright law which sought to re-calibrate the balance between fostering creativity and innovation and allowing greater public access to copyright works…
Lee & Lee, 23 Nov 2016
Entering the Sandbox – Guidelines released for FinTech entrepreneurs and entities
This executive summary looks at clarifying MAS’ expectations on applications to the Sandbox, allow flexibility in approach and criteria, and provide transparency into the process...
Dentons Rodyk & Davidson LLP, 21 Nov 2016
MAS reviews mandatory audit firm rotation for local banks and consults on proposed changes
This move underscores the primary responsibility of local banks’ audit committees in ensuring the independence, objectivity and high quality of external audit…
Allen & Gledhill, 21 Nov 2016
MOM: EP holders are required to seek MOM approval prior to appointment to the Board of Directors of another company
This executive summary looks at the update on MOM's website on appointing external EP holders to the Boards of Directors...
Baker & McKenzie.Wong & Leow, 18 Nov 2016
Singapore endorses third-party litigation finance
It follows Hong Kong’s similar decision but Singapore has leapfrogged HK in going down this route...
18 Nov 2016
Shareholder activism and how it may affect your loans – A practical guide for lenders
This executive summary looks at guidance for lenders on the key issues to consider when dealing with a corporate with multiple shareholders, including minority shareholders…
Shook Lin & Bok LLP, 17 Nov 2016
Latest developments: Technology, media and telecommunications
This executive summary looks at Q3 2016's key TMT developments such as fintech and cybersecurity in ASEAN and around the world...
Rajah & Tann, 17 Nov 2016
Cybersecurity Act: Launch of Singapore’s Cybersecurity Strategy
The Strategy outlines how Singapore will continue to strengthen the resilience of its cybersecurity: by building a resilient infrastructure, creating a safer cybersafe, developing a vibrant cybersecurity ecosystem, strengthen international partnerships...
Allen & Gledhill, 16 Nov 2016
ACRA issues report on key findings from reviews of FY2014 financial statements under the Financial Reporting Surveillance Programme
Companies were responding positively to measures taken to improve quality financial reporting instituted by ACRA’s FRSP, and rectified financial reporting gaps quickly…
Allen & Gledhill, 11 Nov 2016
Revised CCS guidelines come into force on 1 December 2016
This executive summary sets out an overview of the key changes to the guidelines as presented by the CCS, and briefly highlights other key points businesses should be aware of…
Rajah & Tann, 10 Nov 2016
Diversity Action Committee recommends listed entities implement and disclose diversity policy to raise women’s representation on Boards
The Committee made recommendations including revising the Code of Corporate Governance to specify that entities listed on SGX-ST should disclose their diversity policy (including gender), self-set measurable objectives and progress made in achieving...
Allen & Gledhill, 10 Nov 2016
BREXIT: Potential impact on Singapore’s IP owners
In accordance with the principle of harmonization of laws in the EU, the UK has been obliged to align its IP laws with EU directives and regulations, which will like continue until UK leaves the EU…
Lee & Lee, 09 Nov 2016
MOF and ACRA propose to require companies and LLPs to obtain and maintain beneficial ownership information
The new obligation is proposed following from the recent Financial Action Task Force’s mutual evaluation of Singapore…
Allen & Gledhill, 09 Nov 2016
Making sense of “death spiral” convertibles
This executive summary looks at the hybrid nature of convertible instruments as a form of corporate financing, their risks and pros and cons…
Shook Lin & Bok LLP, 07 Nov 2016
SHC: SOPA takes a backseat - The role of cross-demands in setting aside statutory demands issued pursuant to judgments made in terms of SOPA adjudication
The case of Lim Poh Yeoh v TS Ong Construction Pte Ltd  SGHC 179 poses an exception to the “pay first, argue later” principle…
Dentons Rodyk & Davidson LLP, 04 Nov 2016
Latest developments: Company law, employment law, insolvency, banking and finance, IP
This executive summary looks at some employment law changes, role of independent directors, the status of grant of security in Singapore’s insolvency regime …
Dentons Rodyk & Davidson LLP, 03 Nov 2016
Anti-competitive employment practices: What HR should know
This update higlights examples of potentially anti-competitive HR practices ...
03 Nov 2016
The impact of the UK Insurance Act 2015 on Singapore insurance law and practice
The article examines how the UK Act re-balances the position vis-a-vis insureds and insurers…
03 Nov 2016
SCA: When do you require a specialist builder’s licence for structural steelwork?
The SCA in Nam Hong Construction & Engineering Pte Ltd v Kori Construction (S) Pte Ltd  SGCA 42 reaffirms the disjunctive reading of s 2(1)(d) BCA…
Dentons Rodyk & Davidson LLP, 02 Nov 2016
Paris agreement to come Into force – What does it mean for you?
The Singapore government is likely to continue to introduce measures compelling businesses to implement more environmentally friendly practices ...
Rajah & Tann, 02 Nov 2016
Singapore-Australia Free Trade Agreement (SAFTA): 3rd Review Completion with New Updates
The updates create new trade rules for goods, increase opportunities for government contracts, provide greater access to the services sector, facilitate investments, improve mobility for business persons and create rules to facilitate trade...
Baker & McKenzie.Wong & Leow, 01 Nov 2016
New SIAC rules 2016: Making arbitration quicker and more efficient
This executive summary highlights the key changes in the SIAC Rules and discusses how they may work in practice…
Law Society of Singapore, 28 Oct 2016
Total Debt Servicing Ratio rules on refinancing fine-tuned with effect from 1 September 2016
MAS has extended the exempted from the TDSR framework to all owner-occupied residential properties, including those bought after the introduction of TDSR, when a borrower refinances his housing loan…
Allen & Gledhill, 28 Oct 2016
IPOS and MinLaw jointly consult on proposed changes to Singapore’s copyright regime
This review seeks to ensure that Singapore’s copyright regime continues to provide an environment that benefits both creators and users by ensuring rights that are reasonable, clear and capable of being efficiently transacted…
Allen & Gledhill, 27 Oct 2016
MOM announces scrutiny on triple-weak companies
Companies are encouraged to review their HR practices to ensure compliance with the Tripartite Guidelines on Fair Consideration Framework...
Rajah & Tann, 26 Oct 2016
SIAC publishes average cost and duration of arbitrations
This executive summary looks at how SIAC arbitrations may provide faster dispute resolution than LCIA arbitrations.
Morgan Lewis Stamford LLC, 26 Oct 2016
Legal developments: Intellectual property
This executive summary focusses on design rights, passing off, trade marks, blocking users from accessing websites selling counterfeit goods…
WongPartnership LLP, 21 Oct 2016
MAS proposes change to the industry-wide borrowing limit for unsecured credit
MAS intends for the borrowing limit to be reduced from a Balance-to-Income ratio of 24 times as at present to a BTI ratio of 12 times…
Shook Lin & Bok LLP, 19 Oct 2016
SIC issues guidance on lodging take-over or merger documents in electronic form and payment of lodgement fees
All public announcements made and all documents bearing on a take-over or merger transaction, disclosure of dealings to the SIC and confirmations by the financial adviser should be lodged with or submitted to SIC in electronic form only…
Allen & Gledhill, 19 Oct 2016
[GBR] Enforcement of foreign judgments and agreement to submission to the jurisdiction – actual, express or implied?
The Privy Council in Vizcaya Partners Limited v Picard  UKPC 5 clarified and slightly eased the test under both the common law and statute for showing that a judgment debtor has agreed to submit to the jurisdiction of the court giving judgment by...
Law Society of Singapore, 28 Dec 2016
[AUS] High Court of Australia Judgment Summaries: Australian Competition and Consumer Commission v Flight Centre Travel Group Limited
HCA held that the Flight Centre was in competition with Singapore Airlines, Malaysia Airlines and Emirates when it tried to induce the airlines to agree not to discount the price at which they offered international airline tickets directly to customers...
High Court of Australia, 21 Dec 2016
MAS consults on “Local Implementation of Basel III Liquidity Rules - Net Stable Funding Ratio (NSFR) and NSFR Disclosure”
The disclosure standard seeks to improve the transparency of the NSFR requirements, reinforce the Principles for Sound Liquidity Risk Management and Supervision, strengthen market discipline and reduce uncertainty in the markets as the NSFR is implemented
Allen & Gledhill, 16 Dec 2016
[CHN] Cyber Security Law
This executive summary higlights the CSL that governs cyber security operators and providers, as well as critical information infrastructure operators…
WongPartnership LLP, 25 Nov 2016
[GBR] Brexit: Parliamentary approval required for UK to leave the EU
The English High Court has decided in R (oao Miller) v DExEU  EWHC 2768 (Admin) that the Government needs prior authorisation from Parliament to give the Art 50 notice that will start the process of the UK leaving the EU...
Clifford Chance, 10 Nov 2016
[CHN] Opening the gates to the Great Wall — Abolishment of approvals for establishment and changes for most foreign invested enterprises
Amendments to PRC Wholly Foreign Owned Enterprise Law, PRC Sino-Foreign Equity Joint Venture Law, PRC Sino-Foreign Cooperative Joint Venture Law and PRC Law for Protection of Investment from Taiwan include changes to certain approvals...
WongPartnership LLP, 01 Nov 2016
[GBR] UKSC restates the law regarding illegal transactions by overruling reliance test
The UKSC in Patel v Mirza  UKSC 42 held that an illegal arrangement did not operate as a defence to a claim of restitution; the court will consider a few factors to assess whether enforcing a claim would be contrary to the public interest...
Allen & Gledhill, 25 Oct 2016
[CHN] PRC publishes second draft of cybersecurity law
The Draft Cybersecurity Law contains a series of obligations of businesses operating in the PRC technology sphere, namely, technology equipment restrictions, obligations imposed on network operators and obligations imposed on critical information infra...
Rajah & Tann, 20 Oct 2016
[INT] Competition bites – ASEAN and beyond
This executive summary looks at the multiple infringement decisions issued across different regulators as well as fresh investigations being launched in a varied range of industries...
Rajah & Tann, 19 Oct 2016
Supreme Court Note
to our free email updates.
Or read SLW via one of the following channels:
Notices & Directions
Continuing Legal Education
Terms, Conditions and Disclaimers
Skip to content