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Legal Bulletin February 2010

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Highlights:


Banking

Singapore High Court considers issue of governing law in application to restrain call on an on-demand bond


Competition

Singapore Airport Competition Code: Merger control provisions come into force on 20 January 2010


Corporate

MAS establishes Corporate Governance Council

Singapore High Court finds director breached fiduciary duties by diverting commission due to company


Securities & Futures

Singapore District Court imposes hefty fine on remisier for allowing client to trade under another person’s account


Singapore Exchange

SGX provides guidance on proposals for restructuring or spin-offs


Tax

Singapore implements international standard for exchange of information for tax purposes on 9 February 2010


General

MOM introduces enhanced factory registration scheme from 1 March 2010

Singapore High Court holds action for agreed sum defeated by failure to perform

Employer succeeds against former sales manager in Singapore High Court for breach of duty of fidelity and good faith

 

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Legal Bulletin January 2010

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Highlights:


Competition

Competition Commission of Singapore reviews block exemption order for liner shipping agreements


Intellectual Property & Technology

Copyright Act amended with effect from 31 December 2009: Changes to Copyright Tribunal’s jurisdiction and operational aspects


Medico-Legal

Changes to Medical Registration Act: Streamline disciplinary processes, enhance medical registration, increase penalties and introduce Register of Family Physicians


Mergers & Acquisitions

SIC issues Practice Statement on announcements relating to possible offers


Singapore Exchange

SGX proposes new Mainboard listing criteria and introduction of SPACs


Tax

IRAS circular provides guidance and clarification on new tax framework for corporate amalgamations


News

Allen & Gledhill wins Financial Times and Mergermarket M&A Award for South East Asia Legal Advisor of the Year two years in a row

Appointment of Dr Stanley Lai as Senior Counsel

New Partners

 

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