Supreme Court Case Summary: Arovin Ltd and another v Hadiran Sridjaja [2018] SGHC(I) 09

SICC orders the defendant to provide particulars on the gist of what was stated by the relevant persons in giving rise to the understandings or agreement pleaded in the defence.

Bill to amend Goods and Services Tax Act tabled to extend GST to overseas services

On 1 Oct 2018, the Goods and Services Tax (Amendment) Bill was tabled in Parliament for first reading. 

Tags: Tax

Stamp Duties Act amended from 4 October 2018 to levy stamp duty on electronic records

Other changes include recovering interest from taxpayer who fails to comply with remission conditions; relief from stamp duty for corporate restructuring…

Tags: Tax

Developers (Anti-Money Laundering and Terrorism Financing) Bill tabled to implement AML/CFT measures on developers

The Bill seeks to amend the Housing Developers (Control and Licensing) Act and the Sale of Commercial Properties Act to give effect to some recommendations of the FATF regarding AML/CFT.

Singapore High Court affirms admiralty practice that deposits retained from aborted sheriff’s sale of vessel belong to claimants

The Swiber Concorde [2018] SGHC 197 affirms the commitment of the Singapore courts to provide a user-friendly forum to the maritime community in line with commercial expectations.

Tags: Shipping

CCCS clears proposed JV between hearing aid suppliers

CCCS announced the clearance decision on 12 October 2018.

Key initiatives by ASEAN to enhance cooperation in enforcement and research

Initiatives include the ASEAN Competition Enforcers’ Network, Virtual ASEAN Competition Research Centre and ASEAN Regional Cooperation Framework.

Supreme Court Case Summary: TIC v TID [2018] SGCA 75

CA holds party taking over the matrimonial property solely liable for mortgage and property tax payments between date of court order and date of completion.

Monetary Authority of Singapore announces tax framework for Variable Capital Companies

This announcement details the manner in which the Resident Fund Scheme of s13R and the Enhanced-Tier Fund Scheme of s13X of the Income Tax Act are to be extended to VCCs.

Tags: FundsTax

Launch of the Venture Capital Investment Model Agreements

The VIMA comprises a pragmatic set of standard-form model documents that have been calibrated to balance the interests of both the investor and the company.

Tags: Funds

Supreme Court Case Summary: Lua Bee Kiang (administrator of the estate of Chew Kong Seng) v Yeo Chee Siong [2018] SGCA 74

The CA sets out two-stage analysis for assessing damages for pain and suffering, and clarifies approach to assessing costs of managing possible onset of medical condition attributable to injury caused by defendant.

Tags: Tort

Significant amendments to the Securities and Futures Act (Cap. 289) take effect – what are the implications for your business?

The SF(A)A introduces changes to rules in connection with licensing, prospectus requirements, conduct of business and market misconduct.

Note on Lifting Off...... The Singapore Infrastructure Dispute-Management Protocol

This is the second of two new Singapore initiatives designed to facilitate infrastructure development in Asia, the first being Infrastructure Asia.

Examining the enforceability of restraint of trade clauses

In Powerdrive Pte Ltd v Loh Kin Yong Philip and others [2018] SGHC 224, the Court found the scope of the ROT clause unreasonably wide and struck out the claim against 5 former employees and their new employer.

Can a witness give testimony by video link from overseas to avoid potential prosecution in Singapore?

In Anil Singh Gurm v J S Yeh & Co and another [2018] SGHC 221, the Court held that the fear of prosecution alone is not sufficient to dispense with having the witness attend in person.

Journals Online: Reformulating the rules on director liability exclusions in Said v Butt: PT Sandipala Arthaputra v STMicroelectronics Asia Pacific Pte Ltd [2018] 1 SLR 818 [Case Note]

The judgment left the position on personal liability for a company’s tortious acts significantly different. This note argues that the position in tort should be brought in line with that for contract.

Journals Online: 2018 Changes to the Evidence Act and Criminal Procedure Code: The Criminal Justice Reform Bill and Evidence (Amendment) Bill [Comment]

This comment briefly analyses some of the most substantive changes brought about by the 2018 amendments.

Amendments to the Singapore Employment Act - tips for Japanese companies

This article will introduce the key changes and provide insights for Japanese subsidiaries in Singapore in terms of compliance with the amended Act.

Journals Online: Enforcing Town Councils’ duties of financial prudence: Problems addressed by the Town Councils (Amendment) Act 2017

This article discusses the means by which a Town Council’s statutory duties, particularly its duties of financial prudence, may be enforced. 

Supreme Court Case Summary: Telecom Credit Inc v Midas United Group Pte Ltd [2018] SGCA 73

CA held that leave must be obtained to appeal against the HC's decision to order a trial to determine a garnishee’s liability to pay a debt.

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