Legal Bulletin November 2019

28 November 2019

Download PDF

 

Competition

Antitrust developments in South-east Asia: July to September 2019

Corporate / M&A

Singapore High Court finds plaintiff to be de facto director with right to inspect accounting records of company

Dispute Resolution 

Bills passed to restructure Singapore Supreme Court: New Appellate Division of High Court 

ICC publishes Incoterms 2020 

Singapore Court of Appeal clarifies when a case management stay in favour of arbitration should be granted

FinTech 

MAS consults on proposed changes to regulate payment token derivatives traded on approved exchanges 

FinTech initiatives announced at 2019 Singapore FinTech Festival and Singapore Week of Innovation and TeCHnology

Intellectual Property

Partial commencement of Intellectual Property (Dispute Resolution) Act 2019 on 21 November 2019

Partial commencement of Intellectual Property (Border Enforcement) Act 2018 on 21 November 2019

Partial commencement of Geographical Indications Act 2014 on 21 November 2019

Closure of Foreign Route for Singapore patent applications from 1 January 2020

Medico-Legal

Healthcare Services Bill introduced to strengthen governance requirements for providers of healthcare services

Public Policy

European Union-Singapore Free Trade Agreement in force from 21 November 2019

Tax

Bill to amend Goods and Services Tax Act passed 

Singapore High Court construes section 24(1) of Income Tax Act and dismisses appeal on balancing charge relating to sale of property to REIT 

White Collar & Investigations 

Singapore High Court holds Prosecution entitled to assert litigation privilege in criminal proceedings subject to exceptions

General

IMDA calls for proposals to facilitate roll out of 5G mobile networks by 2020

Small Claims Tribunals Act amended on 1 November 2019 to expand jurisdiction of Tribunals

Regional News

Malaysia

Bank Negara Malaysia proposes cash transaction limit of MYR 25,000

Bank Negara Malaysia issues Framework for Electronic Trading Platforms 

Myanmar

Central Bank of Myanmar announces new round of foreign bank licensing

Publications

The International Comparative Legal Guide to Sanctions 2020

The International Comparative Legal Guide to Investor-State Arbitration 2020

Chambers Global Practice Guide to Acquisition Finance 2019

The Global Damages Review (2nd Ed, 2020)

The Law Gazette: Ethics in Advocacy - How Far Can You Go?

Deals

S$770.3 million initial public offering of Lendlease Global Commercial REIT

S$670 million green loan facilities to DBS Trustee Limited (in its capacity as trustee of Mapletree Commercial Trust)

Establishment of S$500 million secured multicurrency medium term note programme and issue of S$200 million secured notes by Superluck Properties Pte Ltd

Issue of S$500 million fixed rate notes by Housing and Development Board

Awards & Rankings

Allen & Gledhill recognised in top 100 corporate investigations practices worldwide