How will the judge decide? Law firms look to big data How will the judge decide? Law firms look to big data Legal experts and computer scientists are developing tools they believe will give lawyers an edge by data-mining past decisions to predict...
Dedicated body to level up corporate governance standards Dedicated body to level up corporate governance standards 18-member Corporate Governance Advisory Committee unveiled on Tuesday; it will act mainly as an advocacy body.
Drug trafficker found to be a mere courier, but apex court upholds... Drug trafficker found to be a mere courier, but apex court upholds... There was no evidence to show that Zamri, 44, had resolved to do more than deliver drugs at the point of his arrest: CJ Menon.
High roller can now contest casino's $10m suit High roller can now contest casino's $10m suit The High Court has set aside a $10 million default judgment against an Australian-Chinese tycoon for alleged casino debts and allowed his appeal...
Ex-Georgian PM's suit to have case heard in S'pore court dismissed Ex-Georgian PM's suit to have case heard in S'pore court dismissed Former Georgian prime minister Bidzina Ivanishvili failed to have a lawsuit against a Swiss bank involving a US$1.1 billion (S$1.5 billion) trust...
Singapore to tighten audit, valuation rules Singapore to tighten audit, valuation rules SGX proposing second audit on listed companies if things seem amiss.
20 Feb 2019 MAS releases FAQs on opt-in regime for accredited investors, extends transition to 7 April 2019 Fis to implement the opt-in regime for existing clients by 3 mths, such that FIs will have up to 7 Apr, instead of 8 Jan, to provide existing clients with the option to opt out of being treated by the FI as an AI.
19 Feb 2019 BOOK: Financial Services Law & Regulation, Dora Neo, Hans Tjio and Lan Luh Luh (eds), Academy Publishing This book brings together leading academics and practitioners in Singapore in the area of financial regulation, where there may have been a lacuna in Singapore treatises.
19 Feb 2019 Singapore High Court confirms permissibility of litigation funding for insolvency claw-back claims in context of bankruptcy In Re Fan Kow Hin, the SHC held that funding agreements that have the effect of assigning and selling a proportion of the benefits or proceeds of insolvency claw-back claims are permissible in the context of bankruptcies.
19 Feb 2019 United Integrated Services Pte Ltd v Civil Tech Pte Ltd and another [2019] SGHC 32 Building and Construction Law – Statutes and regulations
18 Feb 2019 The Future of ISDS in Asia: Forks in the Road?, SIArb, 27 Feb (1.5 public CPD points) Would be future of ISDS in Asia be framed by departing from the reasoning of the unsatisfying awards, or by following the reforms being tested in Europe, or indeed, on a decentralised basis?
Straits Times / 21 Feb 2019 MOH seeks review of doc's $100,000 fine case with wide implications The SMC submitted its application yesterday, asking the High Court to review the case and the tribunal's judgment - and make revisions if necessary - even though the usual timeframe for such an appeal has passed.
Business Times / 21 Feb 2019 Reits sector gets big boost from lifting of sunset clause on tax exemption Extension of other tax perks also cheered, but some say Budget moves may not be enough to draw trust and Reit listings, especially from aircraft leasing sector.
Business Times / 21 Feb 2019 Singapore's energy players to feel heat of carbon tax only marginally All the main producing plants in the power-generation sector are expected to be hit by the new carbon tax, which will be S$5 a tonne from this year till 2023, going up to S$10-S$15 a tonne by 2030.
Business Times / 21 Feb 2019 E-commerce tax: not in Budget, but on the horizon Attempting to determine the taxable revenues of a digital business - especially one that crosses borders - can be tricky, at best. Coming up with a mechanism that is both comprehensive and equitable is an even greater challenge.
Business Times / 21 Feb 2019 IMDA to make telco bills more transparent It says the existing practice where details provided in bills vary across service providers has to be addressed
Straits Times / 20 Feb 2019 'Monster' who forced wife into prostitution gets 25½-year jail term Jobless man, who also sexually abused six-year-old daughter and wife's niece, sentenced to 24 strokes too.
Land — Strata Titles Decision Date: 23 Aug 2019 Teo Mei Ling Karen and others v Low Kwang Tong and another [2018] SGHC 186
Civil Procedure — Injunctions Decision Date: 15 Feb 2019 Oro Negro Drilling Pte Ltd and others v Integradora de Servicios Petroleros Oro Negro, SAPI de CV and others [2019] SGHC 35
Criminal Law – Statutory offences Decision Date: 15 Feb 2019 Public Prosecutor v Moad Fadzir bin Mustaffa and another [2019] SGHC 33
Building and Construction Law – Statutes and regulations Decision Date: 14 Feb 2019 United Integrated Services Pte Ltd v Civil Tech Pte Ltd and another [2019] SGHC 32
Criminal Procedure and Sentencing — Sentencing Decision Date: 13 Feb 2019 GCO v Public Prosecutor [2019] SGHC 31
Conflict of Laws — Choice of jurisdiction Decision Date: 13 Feb 2019 Shanghai Turbo Enterprises Ltd v Liu Ming [2019] SGCA 11
Allen & Gledhill 21 Feb 2019 MAS prescribes conditions for deferring reporting of customer/counterparty information relating to OTC derivatives contracts The regulatory framework for reporting of OTC derivatives contracts is set out in Part VIA of the SFA..
Rajah & Tann 21 Feb 2019 European Union-Singapore Free Trade Agreement – 2019 ratification and opportunities After a decade of negotiations, the EU-Sg FTA was signed on 19 Oct 18. Thi update highlights the impact of the EUSFTA on exports to the EU.
Allen & Gledhill 20 Feb 2019 MAS releases FAQs on opt-in regime for accredited investors, extends transition to 7 April 2019 Fis to implement the opt-in regime for existing clients by 3 mths, such that FIs will have up to 7 Apr, instead of 8 Jan, to provide existing clients with the option to opt out of being treated by the FI as an AI.
Allen & Gledhill 20 Feb 2019 Changes to Goods and Services Tax Act to extend GST to overseas services from 1 January 2020 and enhance IRAS investigation powers from 1 January 2019 GST on imported services will be introduced through a Reverse Charge mechanism for B2B imported services, and an OVRregime for B2C imported services.
Supreme Court 20 Feb 2019 Supreme Court Case Summary: Shanghai Turbo Enterprises Ltd v Liu Ming [2018] SGCA 11 SCA set aside the HC's decision and granted leave to Shanhai Turbo to serve the writ on the Mr Liu in China. SCA also restored the injunctions against him.
Allen & Gledhill 19 Feb 2019 Singapore High Court confirms permissibility of litigation funding for insolvency claw-back claims in context of bankruptcy In Re Fan Kow Hin, the SHC held that funding agreements that have the effect of assigning and selling a proportion of the benefits or proceeds of insolvency claw-back claims are permissible in the context of bankruptcies.
Income Tax Act - Income Tax (Concessionary Rate of Tax for Financial Sector Incentive Companies) (Amendment No. 2) Regulations 2019 (S 111 of 2019) Published: 20 Feb 2019
Income Tax Act - Income Tax (Concessionary Rate of Tax for Financial Sector Incentive Companies) (Amendment) Regulations 2019 (S 110 of 2019) Published: 20 Feb 2019
Infrastructure Protection Act 2017 - Infrastructure Protection (Protected Areas and Protected Places) (Photography) (Exemption) Order 2019 (S 109 of 2019) Published: 20 Feb 2019
Common Gaming Houses Act - Common Gaming Houses (Exemption) Notification 2019 (S 108 of 2019) Published: 19 Feb 2019
ACRA: Financial Reporting Practice Guidance No. 1 of 2019 - adoption of significant new accounting standards on revenue and financial instruments Effective: 1 Feb 2019
Family Justice Courts Practice Directions Amendment No. 1 of 2019 - new paras 12(1), 15(6)(b), 17(3)(f), 18(2), 19(1) and (4), 76, 86(2) and 116; Forms 4, 64-1 to 64-4, 246A Effective: 17 Jan 2019
ISDA Symposium ® – The Impact of Brexit on Asian Markets, ISDA, 20 Feb Program topics Include: 2018 ISDA Arbitration Guide and Choice of Court and Governing Law Guide, financial disputes and discussion on recent litigation in the OTC derivatives market.
How international should international arbitration be? International standards v. domestic law in international commercial arbitration, SIAC, 21 Feb (2 public CPD points) The issues to be discussed include privilege, interim measures, res iudicata and validity of the arbitration clause in pre and post-award stages.
A Three-Part Workshop: “Introduction to Distributed Ledger Technology, Smart Contracts and Cryptocurrencies” - Workshop 2, CIArb, 21 Feb (1 public CPD point) An illustrous panel will will discuss smart contracts in relation to contracts law and intellectual property, the boom of ICOs and the recent emergence of STOs.
Tax Planning vs Avoidance vs Evasion and Avoiding the Pitfalls, Wolters Kluwer, 21 Feb (3.5 public CPD points) This workshop will discuss the distinctions between planning, avoidance and evasion through a combination of interactive discussions and actual case sharing.
Damages in M&A Disputes, MDD Forensic Accountants, 25 Feb (1 public CPD point) This seminar looks at the accounting issues which can give rise to disputes between buyers and sellers of companies and how the resulting claims can be quantified.
Wellbeing Week - Practise Well: Lessons on Longevity in the Legal Profession, SAL, 25 Feb (1 public CPD point) Aimed at junior legal professionals, this session introduces an awareness of the common pressures they face, as well as practical strategies to deal with them.