Legal Bulletin June 2020: Allen & Gledhill

29 June 2020

Competition

CCCS clears proposed acquisition in private dialysis centres sector

CCCS fines contractors for bid rigging of quotations relating to building and maintenance works

Corporate / M&A

Covid-19: ACRA issues guidance for directors reviewing upcoming financial statements

Rental agreements for commercial equipment and commercial vehicles covered under Covid-19 (Temporary Measures) Act 2020 from 20 June 2020

Singapore Court of Appeal declines to grant relief under section 216 of Companies Act for corporate wrongs

Singapore Court of Appeal settles law on approach to equitable compensation for non-custodial breaches of fiduciary duty

Data Protection

PDPC issues advisories on collection of personal data for Covid-19 contact tracing and use of SafeEntry

Singapore recognises APEC CBPR and PRP System certifications for overseas transfers of personal data from 1 June 2020

Employment

Covid-19: MOM issues updated advisory on salary and leave arrangements

MOM updates advisory on requirements for safe management measures at the workplace to minimise risk of Covid-19 re-emergence

MOM, NTUC and SNEF issue advisory on retrenchment benefit payable to retrenched employees as a result of business difficulties due to Covid-19

MOM issues Notification requiring employers to notify Commissioner of Labour of salary reduction measures amid Covid-19 situation

Intellectual Property

IPOS issues guidelines to re-register Singapore patents in Lao PDR

MinLaw and IPOS consult on proposed licensing scheme for collective management organisations in Singapore

Maritime & Aviation

Singapore and International Tribunal for the Law of the Sea sign Model Agreement enabling Tribunal to sit in Singapore

Public Policy

Singapore announces commitments with various nations to enhance connectivity and secure supply chains amid Covid-19

Real Estate

Covid-19: Bill passed to provide more relief for SME tenants and cap late payment interest and charges, authorities enhance relief for landlords

Tax & Support Measures

Fortitude Budget measures include enhanced Jobs Support Scheme and rental relief for tenants to help businesses build resilience amid Covid-19 pandemic

Technology

Enterprise Singapore and the Singapore Standards Council launch new national e-commerce standard to build trust and transparency in online transactions

Regional News

Malaysia

Covid-19: Malaysian perspective

Malaysian Federal Court finds right of management corporation to collect arrears does not give it lawful preference as secured creditor

First cryptocurrency dispute in Malaysia

Malaysian Anti-Corruption Commission Act amended to provide for corporate liability for corruption offences

Myanmar

Insurance companies in Myanmar able to provide reinsurance services from 1 October 2020

China

China adopts its first Civil Code

Indonesia

Taxation in Indonesia’s digital realm

Indonesian public companies’ general meetings of shareholders go electronic!

Construction services in Indonesia: Preventing the spread of Covid-19

Statutory holiday allowance in Indonesia: What you need to know

Contractual concerns in a force majeure event in Indonesia

New procedures and services to deal with land title rights in Indonesia during Covid-19 crisis

Publications

Practical Law Dispute Resolution Global Guide: Litigation and Enforcement in Singapore

Practical Law Merger Control Global Guide: Merger Control in Singapore

Practical Law Cartel Leniency Global Guide: Cartel Leniency in Singapore

The International Comparative Legal Guide to Product Liability 2020

The International Comparative Legal Guide to Restructuring & Insolvency 2020

The Corporate Governance Review 2020

The Banking Regulation Review 2020

The Financial Technology Law Review 2020

The Intellectual Property Review 2020

The Corporate Tax Planning Review 2020

Deals

S$2.5 billion committed revolving credit facility to Singtel Group Treasury Pte. Ltd.

Acquisition by subsidiary of Alibaba of 50% stake in AXA Tower at price of S$1.68 billion

Strategic technology partnership between StarHub Ltd and PCCW Solutions

Joint proposal by Starhub Mobile Pte Ltd and M1 Limited for provision of Fifth-Generation (5G) mobile networks and services

S$1.07 billion and S$321 million term and revolving facilities to GWC Commercial Pte. Ltd. and GWC Serviced Apartments Pte. Ltd.

Approximately S$730 million green loan facilities to MTG Apartments Pte. Ltd. and MTG Retail Pte. Ltd.

US$23.5 million Series C investment in Investree co-led by MUFG Innovation Partners Co., Ltd.

Awards & Rankings

Allen & Gledhill female lawyers recognised in IFLR1000 Women Leaders 2020 - Asia-Pacific and Benchmark Litigation Asia-Pacific's Top 100 Women in Litigation 2020

Allen & Gledhill Intellectual Property Practice maintains top tier rankings for patent work in Managing IP’s IP STARS 2020