28 May 2020
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Letter from the editors
Banking
MAS and financial industry announce additional support for individuals facing financial difficulty caused by Covid-19 pandemic
Capital Markets
MAS, SIC and SGX RegCo allow electronic dissemination of rights issue and take-over documents until 30 September 2020 in light of Covid-19 situation
SGX RegCo removes minimum trading price rule while enhancing other anti-manipulation tools with effect from 1 June 2020
Competition
Facing Covid-19: Antitrust review delays in South-east Asia (Part 3)
Antitrust developments in South-east Asia: January to March 2020
Corporate / M&A
Covid-19: Key issues for directors in the shift towards a new normal
SGX RegCo extends timeline for release of unaudited financial results and sets out expectations on issuers’ disclosure obligations, Amendment Order revises period for alternative meetings arrangements
ACRA defers implementation date for central non-public register of registrable controllers to July 2020 in light of Covid-19 situation
Limited partnerships: Why are they used for private funds?
Singapore Court of Appeal upholds shareholder’s oppression claim following diversion of contracts and employees to another business
Data Protection
MCI and PDPC propose amendments to Personal Data Protection Act 2012 to introduce mandatory breach notification, data portability and increased financial penalties
Dispute Resolution
Family Court proceedings in the time of Covid-19
SIMC launches new protocol on expedited mediation for global businesses to manage disputes amid Covid-19
Employment
MOM, NTUC and SNEF issue advisory on workplace safe management measures in view of gradual lifting of Covid-19 restrictions
MOM, NTUC, SNEF to release advisories on ensuring sustainability of outsourced sectors affected by Covid-19
Intellectual Property
IPOS offers SG Patent Fast Track, world’s fastest patent application-to-grant process
Chief Executive of IPOS officially appointed as next WIPO Director General
Covid-19: IPOS extends filing deadlines to 5 June 2020
Public Policy
Singapore announces commitments with various nations to secure supply chains amid Covid-19 pandemic
Real Estate
Regulations on transferring benefit of property tax remissions in response to Covid-19 pandemic in force from 13 May 2020
Covid-19 (Temporary Measures) Act 2020 enhanced to cover contracts with housing developers, prohibit unilateral increase of charges
Covid-19: Temporary relief measures for property sector
Covid-19: Order prescribing alternative arrangements for meetings of management corporations and collective sale committees issued
Restructuring & Insolvency
Covid-19: Order prescribing alternative arrangements for corporate insolvency meetings issued
Singapore Court of Appeal resolves longstanding controversy on standard of review for winding-up applications premised on disputed debt subject to arbitration
General
Commissioner of Charities and Registry of Societies issue guides for charities and registered societies on conduct of meetings amid Covid-19 situation
Covid-19 and the lasting power of attorney: How can it help you in these uncertain times?
Protection from Harassment Act amended to tackle spread of online falsehoods affecting individuals and entities
Regional News
Malaysia
Covid-19: Malaysian perspective
Securities Commission Malaysia issues Guidelines on Advertising for Capital Market Products and Related Services
Bursa Malaysia amends Main and ACE Market Listing Requirements to facilitate application of specified corporate exercises via electronic means
Shariah Advisory Council of Bank Negara Malaysia rules e-money permissible
Malaysian Court of Appeal holds third party cannot be ordered to pay damages directly to plaintiff in main suit
Malaysian Court of Appeal holds management corporations of residential strata building can prohibit use of residential units in buildings for business or short-term rentals through own house rules or bylawshttps://corpwebsite.allenandgledhill.com/umbraco/#/content/content/edit/3998
Myanmar
Covid-19: Table of key Myanmar government measures
Myanmar launches Covid-19 Economic Relief Plan
Central Bank of Myanmar extends deadline for banks to comply with four regulatory notifications to 2023 in view of Covid-19
India
India’s response to Covid-19: 10 key legal updates for foreign investors
Indonesia
Indonesia’s Financial Services Authority (OJK) takes steps to deal with Indonesia’s 2020 capital market deceleration affected by regional and national conditions, including the Covid-19 outbreak
Merger control in Indonesia: New measures issued in response to Covid-19 pandemic
Tax incentive relief for certain businesses affected by Covid-19 crisis
Publications
Practical Law Banking Regulation Global Guide: Banking Regulation in Singapore
Practical Law Employment & Benefits Global Guide: Overview of employment and employee benefits in Singapore
Practical Law FinTech Global Guide: FinTech in Singapore
The International Comparative Legal Guide to Anti-Money Laundering 2020
The International Comparative Legal Guide to Project Finance 2020
The International Comparative Legal Guide to Consumer Protection 2020
The International Comparative Legal Guide to Drug & Medical Device Litigation 2020
The Initial Public Offerings Law Review 2020
Global Legal Insights to International Arbitration 2020
Deals
RMB5.16 billion (S$1.04 billion) investment in Sincere Property Group by City Developments Limited
Issue of US$750 million notes by ST Engineering RHQ Ltd.
Issue of US$650 million notes by PSA Treasury Pte. Ltd.
S$340 million acquisition of Robinson Centre, Singapore by ARA Asset Management Limited and S$225 million loan facilities to the property holding company
S$55 million acquisition of conservation shop houses at Tanjong Pagar, Singapore by ASI Global Real Estate Fund
Issue of S$20 million notes by DBS Bank Ltd.
Joint venture between Shwe Taung Real Estate Company Limited and Aeon Mall Company Limited to develop, manage and operate shopping malls in Myanmar
News
Thirty lawyers of Allen & Gledhill appointed as assessors under the Covid-19 (Temporary Measures) Act 2020
Awards & Rankings
Allen & Gledhill named Best Law Firm in Singapore in FinanceAsia’s Country Awards 2020
Allen & Gledhill named Most Innovative National Law Firm of the Year (Singapore) at the IFLR Asia-Pacific Awards 2020
Allen & Gledhill ranked top tier in Benchmark Litigation Asia-Pacific 2020
Allen & Gledhill Intellectual Property Practice ranked Tier 1 by Asian Legal Business
