Supreme Court Case Summary: BPC v BPB and another appeal [2019] SGCA 03

CA orders that the pool of matrimonial assets to be divided between the parties to be reduced from $38m to $35m. 

MCST cannot unilaterally determine damages payable for breach of by-laws

In MCST v Lian Tat Huat Trading Pte Ltd [2018] SGHC 270, the SHC held that the MC has to prove its loss suffered in Court in order to recover damages.

Singapore Ministry of Health publishes fee benchmarks for surgical procedures in the private sector

As part of efforts to keep healthcare costs sustainable, the Singapore MOH has on 13 Nov 2018 introduced fee benchmarks for surgeon fees at private hospitals and clinics.

[GBR] Anti-suit injunction enforces the contractual agreement to arbitrate

In Catlin Syndicate v Weyerhaeuser Company, the English High Court found granted the claimant insurer an anti-suit injunction to restrain a non-EU defendant insured from breaching a contractually agreed arbitration clause.

Supreme Court Case Summary: BCBC Singapore Pte Ltd and another v PT Bayan Resources TBK and another [2019] SGHC(I) 1

SICC holds that the first plaintiff had the ability to fund a joint venture company.

Supreme Court Case Summary: Ho Man Yuk v Public Prosecutor [2019] SGCA 2

SGCA held that initial innocent possession is not a requirement for a conviction under s 403 of the Penal Code for dishonest misappropriation.

Supreme Court Case Summary: Burberry Limited and another v Megastar Shipping Pte Ltd [2019] SGCA 01

SGCA found that the freight forwarder which imported counterfeit goods was not liable for trade mark infringement.

Banking Act changes on enhanced safeguards, corporate governance and risk management controls for banks

This article highlights the key changes which came into force on 30 Nov 2018.

IMDA issues COPIF 2018 and COPIF Guidelines 2018, effective from 15 December 2018

The key changes are intended to reflect the Telecommunications Act amendments introduced in 2017, as well as to keep pace with market and technology developments.

Tags: TMT

MOH and HPB consult on measures to reduce sugar intake from pre-packaged sugar-sweetened beverages

The consultation paper seeks views on four possible measures, which are not mutually exclusive, towards pre-packaged SSBs.

SGX RegCo sets out expectations of listed companies conducting ICO

SGX RegCo’s main concern is how the issuer safeguards its own interest and that of its shareholders when it conducts an ICO.

MAS releases updated Guide to Digital Token Offerings

The Guide provides general guidance on the application of the securities laws in relation to offers or issues of digital tokens in Singapore.

MAS releases new FEAT Principles to promote responsible use of artificial intelligence and data analytics

The document sets out 14 principles for firms to consider when assessing existing or developing new internal frameworks to govern the use of AI and data analytics.

Singapore Court of Appeal allows application by director to inspect company records pursuant to section 199 of Companies Act, finding no ulterior motive

In Mukherjee Amitava v DyStar Global Holdings (Singapore) Pte Ltd & Ors [2018] SGCA 57, the Court held that a director has an almost-presumptive right to inspect the company documents to the extent these fall within the ambit of s199 of the Companies Act. 

SGX RegCo consults on changes to regulation of issue managers and listings review process

This article highlights the key features of the consultation, which closed on 28 Dec 2018. the scope includes the responsibilities and independence of issue managers.

[CHN] China announces detailed rules for allowed deductions before individual income tax

This update sets out the key feautures of the Interim Rules which came into force on 1 Jan 2019.

Tags: Tax

Revised code of corporate governance and consequential amendments to the SGX listing rules

This article discusses some of the key changes to the Code, and the corporate governance advisory committee which the MAS expects to establish by the end of this year.

Administration of estate: applicable time bar for claims against the deceased’s estate

An issue may arise if a significant period of time has elapsed between the date on which the debt was payable and the date that a claim is made to recover the said debt from the Estate.

Morality & legality of crypto currencies and ICOs

The writer seeks to find a balance between mitigating enterprise failure risk and financial loss to the public consumer with reasonable protection to the consumer.

MAS issues response to feedback received on the proposed framework for Variable Capital Companies

MAS issued its response on 10 Sep. This article highlights some key points raised in the Response.

Tags: Funds
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