Legal Bulletin November 2015  

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Competition
CCS recommends extension of block exemption order for liner shipping agreements till 31 December 2020 (+)

Corporate
Phase 2 of Companies Act amendments taking effect on 3 January 2016 (+)

ACRA announces new Business Names Registration Act and simplified regulatory fee structure to take effect on 3 January 2016 (+)

ACRA announces launch of revamped BizFile on 3 January 2016 and non-availability of BizFile from 26 December 2015 to 2 January 2016 (+)

ACRA releases Guide for Companies Limited by Guarantee Concerning Money Laundering and Terrorism Financing (+)

Singapore High Court dismisses shareholder’s claim for “dividends and profits” pursuant to consent judgment (+)

Insolvency
Singapore High Court proposes “costs scheduling” in relation to professional fees of court-appointed insolvency practitioners (+)

Maritime & Aviation
English Court of Appeal unanimously upholds High Court decision that bunker contract in question does not constitute a contract of sale of goods under UK Sale of Goods Act 1979 (+)

Singapore Exchange
SGX extends privy persons list requirement to all material information and removes need to privately notify SGX of significant transactions (+)

SGX extends deadline for listed issuers to procure Directors’ and Executive Officers’ Undertakings to 30 April 2016 (+)

Tax
MOF issues response to feedback from public consultation on draft Income Tax (Amendment) Bill 2016 (+)

General
UK Supreme Court reformulates the law on contractual penalty clauses in landmark case (+)

Publications
IBA Maritime and Transport Law Committee Newsletter: OW Bunker - The continuing saga (+)

IBA Water Law Committee Newsletter: Singapore - Moving towards self-reliance (+)

IBA Corporate and M&A Law Committee Squeeze-out Guides 2014: Singapore chapter (+)

Singapore Competition Commission clears a strategic alliance agreement concluded between two airlines (+)

Deals
Issue of S$1.2 billion fixed rate notes due 2020 by Housing and Development Board under the S$32 billion multicurrency medium term note programme (+)

US$411 million acquisition of Abacus International Pte Ltd by Sabre Corporation (+)

Awards & Rankings
Allen & Gledhill maintains leading position in The Legal 500 Asia Pacific 2016 edition (+)

Allen & Gledhill and Rahmat Lim & Partners win Asia IP Firm of the Year Awards (+)

Allen & Gledhill wins Real Estate Deal of the Year award in The Asian Lawyer’s Emerging Markets Awards 2015 (+)

Allen & Gledhill Partner, Vivian Ang, named Best Lawyer in Shipping (+)

Allen & Gledhill is most popular graduate employer in the legal sector (+)

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