Legal Bulletin September 2015  

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Singapore High Court dismisses minority oppression claim on finding companies were not quasi-partnerships and no legitimate expectations to be part of management (+)

Dispute Resolution
SIAC announces release of revised model arbitration clause (+)

SIAC announces establishment of Users Council (+)

Singapore Court of Appeal allows appeal for discharge of worldwide Mareva injunctions as respondents fail to establish risk that appellants would dissipate assets (+)

Singapore Court of Appeal rules stay of proceedings in favour of arbitration (+)

Singapore Court of Appeal clarifies scope of section 259 of Companies Act (+)

Intellectual Property
Changes to Singapore patent regime in the pipeline (+)

Singapore begins operations as ASEAN’s first International Patent Search and Examination Authority (+)

Securities and Futures
MAS consults on legislative changes to strengthen effectiveness of market misconduct provisions (+)

Singapore High Court considers whether trust created over profits made by leveraged foreign exchange and bullion customers (+)

Singapore Exchange
MAS and SGX announce issue of handbook for Streamlined Review Framework for the ASEAN Common Prospectus (+)

Singapore Court of Appeal expounds on doctrine of anticipatory breach in relation to executed contracts (+)

Leniency Regimes: Singapore chapter (+)

US$4.55 billion acquisition of industrial assets in the United States of America by Global Logistics Properties Limited (+)

Establishment of S$1.5 billion multicurrency medium term note programme by OUE CT Treasury Pte. Ltd. (+)

Establishment of S$1 billion Euro medium term securities programme by Lippo Malls Indonesia Retail Trust (+)

Establishment of S$1 billion multicurrency medium term note programme by MC Finance & Consulting Asia Pte Ltd (+)

Issue of S$500 million capital securities by Oversea-Chinese Banking Corporation Limited (+)

Establishment of S$500 million multicurrency debt issuance programme by CW Group companies and issue of S$75 million notes (+)

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