Financial Services Bulletin June 2019
27 June 2019
Banking
MAS proposes to regulate and license merchant banks under Banking Act
Competition
Corporate
Singapore Court of Appeal upholds SICC decision in minority oppression case
Data Protection
PDPC consults on proposed introduction of data portability and data innovation provisions
PDPC updates Guide to Managing Data Breaches 2.0 and issues new Guide on Active Enforcement
Dispute Resolution
Financial Regulatory
SGX introduces “trade at close” functionality from 3 June 2019
MAS seeks comments on AML/CFT notices for payment services providers
Restructuring & Insolvency
Tax
MOF seeks comments on draft Income Tax (Amendment) Bill 2019
General
Protection from Online Falsehoods and Manipulation Bill passed in Singapore Parliament
Regional News
Malaysia
Bank Negara Malaysia announces development initiatives to enhance market liquidity and accessibility
Malaysian Communications and Multimedia Commission issues M&A guidelines for telecoms sector
Myanmar
New regime of Myanmar intellectual property laws complete with passing of Copyright Law
Publications
The Corporate Tax Planning Review (1st Ed, 2019): Singapore chapter
The Banking Regulation Review (10th Ed, 2019): Singapore chapter
The Financial Technology Law Review (2nd Ed, 2019): Singapore chapter
Getting The Deal Through: Corporate Reorganisations 2019 - Singapore chapter
The International Comparative Legal Guide to Project Finance 2019
The International Comparative Legal Guide to Corporate Recovery & Insolvency 2019: Singapore chapter
The International Comparative Legal Guide to Product Liability 2019: Singapore chapter
Practical Law Cross-border Commercial Transactions: Agency - Singapore Q&A
Practical Law Cross-border Commercial Transactions: Distribution - Singapore Q&A
Business Law International: FinTech in Singapore
IBA Directors’ Duties Checklist 2017: Singapore chapter
Deals
Issue of S$1.4 billion notes by Land Transport Authority of Singapore
Establishment of S$1 billion multicurrency debt issuance programme by Keppel Infrastructure Trust
Issue of US$650 million senior notes by PT Medco Energi Internasional Tbk
US$565.8 million initial public offering of Eagle Hospitality Trust
US$498 million initial public offering of ARA US Hospitality Trust
Issue of US$250 million guaranteed senior notes by Lippo Malls Indonesia Retail Trust
Awards & Rankings
Allen & Gledhill Intellectual Property Practice ranked in IAM Patent 1000 2019
Allen & Gledhill wins Editor’s Choice Impact Deal of the Year awards at Asialaw Regional Awards 2019
Allen & Gledhill wins regional award at the In-House Community: Counsel of the Year Awards 2019