Wednesday, 20 September 2017
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singapore - Corporate & Commercial - News

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

Court orders Firm linked to Sakae to wind up

The High Court has ordered that an associate firm of Sakae Holdings be wound up by consent.
Date: 09 September 2017; Type: Legal News; Source: Singapore Law Watch

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

Singapore and China Mediation Centres work together to help Businesses resolve Disputes along Belt and Road

1. The Singapore International Mediation Centre (SIMC) and the Mediation Center of the China Council for the Promotion of International Trade / China Chamber of International Commerce (CCPIT/CCOIC Mediation Center) will work together to support businesses and help them resolve disputes that may arise in cross-border commercial transactions under China’s Belt and Road Initiative (BRI). The two mediation centres signed a Memorandum of Understanding (MOU) today at the International Mediation Summit held in Hangzhou, China.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Veteran Lawyer Leo Fernando dies at 85

He was counted among the "legends" in criminal law in the 70s and 80s.

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Five Court Volunteers lauded for Dedication

These volunteers of the Supreme Court, the State Courts and the Family Justice Courts received awards for their outstanding commitment and dedication to pro bono work.

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Halimah Yacob is Singapore's Eighth President

SINGAPORE, Sept 14 (Bernama) - Halimah Yacob was sworn in as Singapore's eighth President at the Istana today, marking her first day of a six-year term.

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ASEAN to promote Trade with Russia and EAEU

Jakarta (ANTARA News) - ASEAN Economic Ministers agreed to expand trade with Russia and those grouped in the Eurasian Economic Union (EAEU).

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Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

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SGX RegCo announces Board Members; Operational Start on 15 September

Singapore Exchange Regulation (SGX RegCo) has appointed Mr Alan Shaw, Ms Jane Diplock AO and Mr Ronny Tan to its board. The company will begin operations on 15 September 2017.

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Public Alert on Scam IRAS Email

IRAS would like to alert the public that a scam email titled “Inland Revenue Authority of Singapore-Refund-Online-Confirmation” has been circulating. The email carries a message that the recipients are eligible to receive a tax refund and that they are to click on the link provided in the email to download and fill out the tax refund form.

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ASEAN Meet explores Issues related to Tariff Commitments, Rules under ATIGA

KUALA LUMPUR, Sept 12 (Bernama) - The discussions on Association of South-East Asian Nations' (ASEAN) internal economic-related affairs, which were held in the Philippines at the 31th ASEAN Free Trade Agreement Council, explored issues related to tariff commitments and applicable rules under the ASEAN Trade in Goods Agreement (ATIGA).

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ASEAN-Korea Free Trade Area increases Bilateral Trade by 92.3 per cent

KUALA LUMPUR, Sept 10 (Bernama) - Bilateral trade between ASEAN and South Korea has increased by 92.3 per cent to US$118.84 billion in 2016 from US$61.81 billion in 2006 since the ASEAN-KOREA Free Trade Area (AKFTA) took effect in 2007.

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ASEAN MSMEs need More Financial, Technical Support: Study

MANILA - While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.

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