29 May 2019

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Capital Markets

MAS consults on operational and AML/CFT requirements for upcoming VCC framework

Corporate

ACRA revises Guidance relating to requirements on register of registrable controllers and register of nominee directors

Singapore Court of Appeal declines to value company on basis of third-party offer

Intellectual Property

IPOS launches initiative to accelerate grants of AI-related patent applications

IPOS dismisses trade mark opposition brought on sole ground of bad faith

White Collar & Investigations

MAS issues AML/CFT Guidelines and FAQs for insurers

Criminal Law Reform Bill passed in Parliament to reform Penal Code in various areas including white-collar crime

General

IMDA consults on policy and regulatory framework for 5G rollout in Singapore

Amendments to Electricity Act and Gas Act in force from 3 May 2019 enabling more effective regulation

Singapore Court of Appeal applies “strong cause” test for non-exclusive jurisdiction clauses

Regional News

Malaysia

Federal Court of Malaysia affirms constitutionality and binding legal effect of rulings by Shariah Advisory Council

Companies Commission Malaysia issues revised guidelines on application to strike off name of company under section 550 of Companies Act 2016

Myanmar

Central Bank of Myanmar warns against use and trade of cryptocurrencies

China

China adopts new Foreign Investment Law with effect 1 January 2020

Publications

The International Comparative Legal Guide to Anti-Money Laundering 2019: Singapore chapter

Global Legal Insights to International Arbitration 2019: Singapore chapter

The Corporate Governance Review 2019: Singapore chapter

The Initial Public Offerings Law Review 2019: Singapore chapter

SAL Practitioner: Recent changes to the Employment Act - Practical implications

SAL Practitioner: When experts collide - Resolving conflicting experts’ opinions in collision cases

Deals

Establishment of S$5 billion Euro medium term note programme by CapitaLand Limited and CapitaLand Treasury Limited

S$500.8 million equity fund raising by Keppel Infrastructure Fund Management Pte. Ltd.

EUR200 million joint venture between Allianz Real Estate and ESR to invest in Indian logistics and industrial property

Mandatory unconditional cash offer for Ying Li International Real Estate Limited

News

Allen & Gledhill seminar on Singapore-China relations

Official visit by Chinese Vice Minister of Justice to Allen & Gledhill

Awards & Rankings

Allen & Gledhill Intellectual Property Practice ranked Tier 1 by Asian Legal Business

Allen & Gledhill Intellectual Property Practice ranked as leading firm for copyright & related rights work in Managing IP’s IP Stars 2019

Allen & Gledhill maintains top tier rankings for trademark and copyright in Asia IP 2019 trademark and copyright survey rankings

Allen & Gledhill ranked top tier in Benchmark Litigation Asia-Pacific 2019

Allen & Gledhill recognised as one of the top 25 law firms in Asia Pacific at Financial Times Innovative Lawyers Awards 2019