Legal Bulletin October 2015  

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Competition
CCS proposes wide-ranging changes to various CCS guidelines (+)

CCS clears revised strategic alliance between Tigerair Singapore and Cebu Pacific (+)

Corporate
ACRA introduces audit quality indicators (AQIs) disclosure framework to raise quality of financial reporting in Singapore (+)

ACRA emphasises directors’ statutory responsibility in reviewing financial statements in ACRA inaugural report on financial reporting by Singapore listed companies (+)

Dispute Resolution
Singapore Court of Appeal holds adjudicator correct to disregard adjudication response that was filed late by two minutes (+)

Singapore High Court deals with the interplay between two fundamental competing principles in dismissing application to stay court proceedings in favour of arbitration (+)

Employment
Work Injury Compensation Act to be amended with effect from 1 January 2016 to increase compensation limits (+)

Intellectual Property
IPOS and MinLaw consult on proposed changes to Singapore’s registered designs regime (+)

IPOS appointed as competent ISA and IPEA by US and Indonesia IP offices (+)

Singapore Exchange
SGX strengthens listings and enforcement framework (+)

SGX reviewing annual reports of listed companies to assess compliance with requirement on Code of Corporate Governance (+)

Tax
MOF issues Response to feedback from public consultation on draft Goods and Services Tax (Amendment) Bill 2015 (+)

General
Trans-Pacific Partnership negotiations conclude successfully (+)

Singapore and China agree on new initiatives to boost RMB business (+)

Regional News
Getting the Deal Through - Government Investigations 2016: Malaysian chapter (+)

Myanmar Central Bank issues anti-money laundering guidelines (+)

Central Bank of Myanmar revokes Foreign Exchange Acceptor and Holder Licence (+)

Publications
Mergers & Acquisitions Review: Singapore chapter (+)

Attachment of Assets: Singapore chapter (+)

Enforcement of Money Judgments: Singapore chapter (+)

Deals
Issue of US$1 billion covered bonds by DBS Bank Ltd. under its US$10 billion global covered bond programme (+)

A$1.013 billion acquisition of a portfolio of 26 Australian logistics properties by Ascendas Real Estate Investment Trust (+)

Establishment of S$500 million multicurrency debt issuance programme and issue of S$60 million notes by Roxy-Pacific Holdings Limited (+)

Awards & Rankings
Allen & Gledhill voted Asian-MENA Counsel In-House Community Firm of the Year 2015 in most categories (+)

Allen & Gledhill maintains top tier rankings in IFLR1000 2016 (+)

Allen & Gledhill ranked Tier 1 in ALB M&A Rankings 2015 (+)

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