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ADV: SAL-INSEAD Legal Leadership and Strategy Programme 2024

ADV: SAL-INSEAD Legal Leadership and Strategy Programme 2024

Globalisation and the economic shift to Asia offer new opportunities for law firms and in-house counsel, but also bring challenges like cost pressures, competition, and talent retention. Legal professionals must now combine technical expertise with strong leadership to navigate this evolving landscape. The SAL-INSEAD Legal Leadership & Strategy Programme each offer a two-day intensive management course tailored for law firm partners, general counsel, and legal service officers to address their needs in this context.

Categories: Headlines

Liquidators should be cautious of acting summarily as judge, jury and executioner on own company’s crossclaims when adjudicating proofs of debt

The decision of Kyen Resources Pte Ltd (in compulsory liquidation) v Feima International (Hongkong) Ltd (in liquidation) [2024] SGCA 7 saw the Court of Appeal deciding three major points of law for the first time. The decision imposes important limits on when and how liquidators can assert crossclaims of the company in liquidation in order to defeat claims in a creditor’s proof of debt, and also clarifies the law on transnational issue estoppel in insolvency proceedings.

MAS responds to feedback received for consultation paper on repeal of regulatory regime for Registered Fund Management Companies

The Monetary Authority of Singapore has responded to feedback on its proposal to repeal the regulatory regime for Registered Fund Management Companies (RFMCs) and application of such RFMCs to become Licensed Fund Management Companies (LFMCs). This article sets out the timing of repeal and application process, details in relation to the application form, considerations in reviewing applications, continuity of operations, applicable requirements and unsuccessful applicants.

Carousell fined $58k for data breaches

Singapore-based e-commerce platform Carousell has been fined SGD 58,000 (USD 42,400) by the Personal Data Protection Commission (PDPC) for two separate data breaches that occurred in 2022. 

S’poreans understand need for law that allows detention without trial: Shanmugam

S’poreans understand need for law that allows detention without trial: Shanmugam

Minister for Home Affairs and Law K. Shanmugam said people understand that the law is very targeted and there are safeguards in place.

Categories: Headlines
Are flexible working arrangements really a disaster for employers?

Are flexible working arrangements really a disaster for employers?

Are Singapore’s upcoming tripartite guidelines on flexible work arrangements the answer? The question is not whether we should have flexible work arrangements, but how, says the authors.

Categories: Headlines
Clear guidelines, checks on foreigners registering firms in S’pore, say corporate service providers

Clear guidelines, checks on foreigners registering firms in S’pore, say corporate service providers

Acra’s guidelines stipulate what is required by corporate service providers helping an individual register a company.

Categories: Headlines
What will happen to assets surrendered in $3b money laundering case?: askST

What will happen to assets surrendered in $3b money laundering case?: askST

Two men convicted in Singapore’s largest money laundering case surrendered more than $170 million worth of assets in total to the state, after they pleaded guilty earlier this week.

Categories: Headlines
Man acquitted of raping daughter as her evidence was not ‘unusually convincing’ — what does this legal term mean?: Explainer

Man acquitted of raping daughter as her evidence was not ‘unusually convincing’ — what does this legal term mean?: Explainer

Recently, the High Court acquitted a father accused of 13 charges of various types of sexual abuse and statutory rape against his daughter when she was between five and 12 years old has caused some consternation among commentators.

Categories: Headlines

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