singapore - Contracts & Commercial - News

Goodluck Garden appeal Dismissed, Sale to go Ahead

Goodluck Garden's plan for sale gets the nod of the Court of appeal, which has agreed with the High Court that although there were missteps, there was no bad faith in the transaction.
Date: 08 March 2019; Type: Legal News; Source: Singapore Law Watch

Srilanka-Singapore Free Trade Agreement enters into force on 1 May

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) has been ratified and will enter into force on 1 May 2018.
Date: 20 April 2018; Type: Legal News; Source: Ministry of Trade and Industry

CCS approves JDE Asia's Proposed Acquisition of OldTown

SINGAPORE, Jan 30 (Bernama) - The Competition Commission of Singapore (CCS) has cleared the proposed acquisition by Jacobs Douwe Egberts Holdings Asia NL B.V. (JDE Asia) of the entire issued and outstanding share capital of OldTown Bhd.
Date: 30 January 2018; Type: Legal News; Source: Bernama

Singapore and Australia ratify upgraded Free Trade Agreement

December 1: Singapore and Australia marked a milestone in bilateral economic relations with the ratification of the upgraded Singapore-Australia Free Trade Agreement (SAFTA) today.
Date: 01 December 2017; Type: Legal News; Source: Ministry of Trade and Industry

Singapore prohibits all Commercial Trades with North Korea

SINGAPORE, Nov 16 (Bernama) - Singapore has prohibited all commercially traded goods, including exchanged for money or barter traded from North Korea, whether they are imported, exported, transshipped or brought in transit through the republic from Nov 8.
Date: 16 November 2017; Type: Legal News; Source: Bernama

Singapore introduces Inward Re-domiciliation Regime

The Companies (Amendment) Act 2017 has introduced an inward re-domiciliation regime in Singapore, to allow foreign corporate entities to transfer their registration to Singapore (e.g. foreign corporate entities that may want to relocate their regional and worldwide headquarters to Singapore and still retain their corporate history and branding). Th ...
Date: 12 October 2017; Type: Legal News; Source: Accounting and Corporate Regulatory Authority

Four Agreements inked to lift Singapore-Hungary Economic Ties

The "modest" economic relations between Singapore and Hungary may soon see some uplift, thanks to four Memoranda of Understanding (MOUs) inked. Signed in the presence of visiting Hungarian Prime Minister Viktor Orban and Trade and Industry Minister (Trade) Lim Hng Kiang, they cover cooperation in trade, investment, technology and training and ...
Date: 28 September 2017; Type: Legal News; Source: International Enterprise

Infrastructure Protection Bill 2017 introduced

The Infrastructure Protection Bill was introduced for First Reading in Parliament today, as part of the Ministry of Home Affairs' (MHA) counter-terrorism strategy to keep Singapore safe and secure. The Bill will, amongst others, require selected new buildings in Singapore to integrate security measures within their design before they are built ...
Date: 11 September 2017; Type: Legal News; Source: Ministry of Home Affairs

Turkey, Singapore ratify Free Trade Agreement

SINGAPORE, Aug 21 (Bernama) - Turkey and Singapore marked another milestone in their bilateral economic relations with the ratification of the Turkey-Singapore Free Trade Agreement (TRSFTA) today.
Date: 21 August 2017; Type: Legal News; Source: Bernama

Commencement of Legislative Amendments relating to Debt Restructuring and Corporate Rescue in the Companies Act

The Companies (Amendment) Bill was passed in Parliament on 10 March 2017. [1]. The Bill includes amendments aimed at enhancing Singapore’s debt restructuring and corporate rescue framework.
Date: 22 May 2017; Type: Legal News; Source: Ministry of Law

First Conviction of Market Misconduct under the Joint Investigations Arrangement

Singapore, 22 March 2017 - Mr Tey Thean Yang Dennis (Tey) was today sentenced to a total of 16 weeks’ imprisonment as a result of a conviction arising from a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force. The State Courts convicted Mr Tey of offen ...
Date: 22 March 2017; Type: Legal News; Source: Monetary Authority of Singapore

Upcoming Changes to the Companies Act and Limited Liability Partnerships Act

Key amendments seek to ensure Singapore’s regulatory environment remains robust and competitive. The Companies (Amendment) Bill and LLP (Amendment) Bill has just been passed by Parliament today. These amendments aim to reduce regulatory burden on companies and limited liability partnerships (LLPs), improve the ease of doing business in S ...
Date: 12 March 2017; Type: Legal News; Source: Accounting and Corporate Regulatory Authority

Minister's Reply on Ratification of EU-Singapore Free Trade Agreement

The following is the question to and reply by the Minister for Trade and Industry (Trade) in light of the opinion issued by the Advocate General of the Court of Justice of the EU on the ratification of EU-Singapore Free Trade Agreement.
Date: 28 February 2017; Type: Legal News; Source: Ministry of Trade and Industry

MAS announces Establishment of Corporate Governance Council to review the Code of Corporate Governance

Singapore, 27 February 2017 - The Monetary Authority of Singapore (MAS) announced today that it has formed a Corporate Governance Council (Council) to review the Code of Corporate Governance (CG Code). The Council will be chaired by Mr Chew Choon Seng, former Chairman of the Singapore Exchange (SGX).
Date: 27 February 2017; Type: Legal News; Source: Monetary Authority of Singapore

INDUSTRY UPDATES

MAS scores, sets Benchmark for Others

The Monetary Authority of Singapore's (MAS) enforcement report has revealed how it polices the financial markets under its charge, and is a welcome indicator of the greater openness the market has long sought, as the report mainly focused on market abuse, financial services misconduct, and money laundering-related control breaches.

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PRRD terminates Appointment of GRP Panel Members

MANILA, Mar 20 (PNA) - Malacañang on Wednesday confirmed the termination of the appointments of government peace negotiators with communist rebels "in view of the termination of the peace negotiations" with the Communist Party of the Philippines-New People's Army-National Democratic Front (CPP-NPA-NDF).

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INDUSTRY UPDATES

Malanjum keeping Mum about his Successor

KUALA LUMPUR, Mar 20 (Bernama) - Chief Justice Tan Sri Richard Malanjum, who is due for compulsory retirement in April only smiled broadly and chose to remain secretive when asked about his successor.

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INDUSTRY UPDATES

MP Noh Omar expelled from Dewan Rakyat for Three Days

KUALA LUMPUR, Mar 19 (Bernama) - Tanjung Karang MP Tan Sri Noh Omar has been expelled from the Dewan Rakyat for three days from today.

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INDUSTRY UPDATES

ICC Prosecutors to be deported if they Probe Drug War

MANILA, Mar 18 (PNA) - Prosecutors of the International Criminal Court (ICC), who will enter the Philippines to investigate the Duterte administration’s war on drugs, may be deported, Malacañang said on Monday.

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Selangor wants tougher Environmental Laws

SHAH ALAM, Mar 17 (Bernama) - The Selangor government wants to enforce more stringent laws to address issues related to environmental pollution in the state, said Menteri Besar Amirudin Shari.

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Rosmah's Graft Case transferred to High Court

KUALA LUMPUR, Mar 15 (Bernama) - The High Court here today allowed the prosecution's application to transfer from the Sessions Court to the High Court the case involving two graft charges filed against Datin Seri Rosmah Mansor, who is the wife of former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

IBP condemns Slay of another Lawyer in DavNor

MANILA, Mar 14 (PNA) - The Integrated Bar of the Philippines (IBP) on Thursday urged authorities to take action on the latest killing of a lawyer, Rex Jasper Lopoz, who was gunned down last March 13 in front of a shopping mall in Tagum City, Davao del Norte.

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INDUSTRY UPDATES

IPOPHL brings IP-focused MCLE Program to Cebu

MANILA, Mar 14 (PNA) - The Intellectual Property Office of the Philippines (IPOPHL) will be mounting the 2019 edition of the Mandatory Continuing Legal Education (MCLE) this March in Cebu, to expand its education drive and reach out to IP practitioners in the Visayas.

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INDUSTRY UPDATES

ASEAN aims at creating Future Digitally-Skilled Youths

Jakarta, Mar 14 (ANTARA) - Seven ASEAN member states, through the ASEAN Digital Innovation Programme initiated by the ASEAN Foundation in collaboration with Microsoft, aim to create digitally-skilled youths prepared to tackle challenges of the digital workspace in future.

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INDUSTRY UPDATES

Tanintharyi Landholders sued under New Law

Local government officials and companies are already using the recently amended land law to remove villagers from disputed land, according to lawyers in southern Myanmar.

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INDUSTRY UPDATES

SC to facilitate Greater Investor Inclusiveness

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

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INDUSTRY UPDATES

SC aims Further Expansion of Islamic Capital Market, says Chairman

KUALA LUMPUR, March 14 (Bernama) - The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value creation by intensifying efforts to further expand the Islamic capital market as well as the closely-linked sustainable finance segment.

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INDUSTRY UPDATES

National E-Document Exchange Platform launched

Hanoi, Mar 12 (VNA) - The Government Office held a ceremony in Hanoi on March 12 to launch the National E-Document Exchange Platform, a move towards a digital government and economy.

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INDUSTRY UPDATES

Cabinet approves 5Bn Baht Agro Subsidies

BANGKOK, Mar 13 (NNT) - The weekly Cabinet meeting has allocated another five billion baht to support rice agriculture during the current production year.

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INDUSTRY UPDATES

CJ seeks to remove Parts of Hamid Sultan's Affidavit

KUALA LUMPUR, Mar 13 (Bernama) - Chief Justice Tan Sri Richard Malanjum today filed an application to remove parts of the supporting affidavit filed Court of Appeal Judge Datuk Dr Hamid Sultan Abu Backer in the lawsuit by the late Karpal Singh’s daughter, claiming that it was outrageous, insulting and an attack to the Judiciary.

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INDUSTRY UPDATES

Up to PM to shortlist Candidates for CJ's Post - Liew

KUALA LUMPUR, Mar 12 (Bernama) - The Law Minister in the Prime Minister’s Department Datuk Liew Vui Keong today said that he has no information about the candidates shortlisted to be appointed as the new Chief Justice to replace Tan Sri Richard Malanjum who will retire from the post next month.

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INDUSTRY UPDATES

Sabah helps Children without Documents through Legalization Program

KOTA KINABALU, Mar 12 (Bernama) - Children born in Sabah and categorised as foreigners even though one of their parents were local residents, will be given aid through a legalisation programme which will ensure a better future for them.

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