28 August 2020
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Capital Markets
SGX issues guidance notes on bonus issue of shares, placement through placement agent to third parties and share consolidation
Competition
Antitrust developments in South-east Asia: April to June 2020
Corporate / M&A
Facing the winds of change amid Covid-19
ACRA seeks feedback on wide-ranging proposed amendments to Companies Act
SGX RegCo seeks swifter outcomes in enforcement actions, right of delegation, exclusion of liability and indemnity and issuers to have whistleblowing policy
SGX RegCo sets out expectations on financial reporting during Covid-19 period
Dispute Resolution
Singapore Court of Appeal decides novel arbitration related issues arising from assignment, novation and reassignment of rights to debts
Employment
MOM updates advisory for employers and employees travelling to and from Covid-19 affected areas
MOM defers requirements for insurers under Work Injury Compensation Act 2019 till 1 January 2021
Intellectual Property
Changes to Geographical Indications Act effective from 15 August 2020: Clarifications on variants and request for qualification of rights (QoR), introduction of new application for limitation of scope of rights
IPOS conducts public consultation on proposed changes to simplify intellectual property processes and improve user experience with digital initiatives
Public Policy
Q2 2020 Review: Five key public policy developments in Singapore
Singapore and China reaffirm strong economic ties, commit to keep global supply chains and trade lines open amid Covid-19
Singapore and Australia sign Digital Economy Agreement to facilitate digitalisation of trade processes
Real Estate
Covid-19: Measures providing rental relief for SMEs and non-profits, relief for inability to vacate business premises and cap on late payment interest and charges in force
Restructuring & Insolvency
New Insolvency, Restructuring and Dissolution Act 2018 effective from 30 July 2020
Tax & Support Measures
Covid-19: Singapore Government announces measures to continue support for workers and jobs
Regional News
Malaysia
Temporary Measures for Reducing the Impact of Coronavirus Disease 2019 (Covid-19) Bill 2020 tabled before Malaysian Parliament
Shariah Advisory Council of Bank Negara Malaysia issues new rulings on restructuring Islamic financing facilities
Malaysia exempts payment of real property gains tax under certain circumstances
Malaysia implements stamp duty exemptions for sale and purchase agreements until May 2021
Malaysian Court of Appeal finds filing of pleadings prior to applying for stay of proceedings showed intention to proceed with trial
Myanmar
Central Bank of Myanmar issues basic principles for regulation of non-bank financial institutions
Myanmar to issue e-commerce operation guidelines
Myanmar Law to Prevent an Increased Quantity of Imports to come into force 1 July 2021
Myanmar Ministry of Planning, Finance and Industry issues notification on tax exemption recognition for non-profit organisations
Draft direct selling law to allow multi-level marketing in Myanmar
Indonesia
New Indonesian Government Regulation now implements 2017 Construction Services Law – After three years in the pipeline
Publications
International Comparative Legal Guide to Construction & Engineering Law 2020
Deals
Establishment of S$2 billion Euro medium term note programme and issue of S$800 million notes by NTUC Income Insurance Co-operative Limited
S$1.6 billion voluntary conditional cash offer for Perennial Real Estate Holdings Limited by Primero Investment Holdings Pte. Ltd.
Establishment of S$1 billion debt issuance programme by NetLink Treasury Pte. Ltd.
Issue of S$400 million notes by STT GDC Pte. Ltd.
Concession agreement for the Singapore-Johor Bahru Rapid Transit System Link
News
Dr Stanley Lai, SC conferred the Public Service Medal (Pingat Bakti Masyarakat) at the Singapore National Day Awards 2020
Awards & Rankings
Eight Allen & Gledhill lawyers ranked in Who’s Who Legal M&A and Governance 2020 Global Guide
Allen & Gledhill Intellectual Property Practice ranked as leading firm for copyright and related rights work in Managing IP’s IP STARS 2020
Allen & Gledhill is a leading law firm for Capital Markets and Investment Funds in IFLR1000’s thirtieth edition
Allen & Gledhill maintains top tier rankings for trademark in the 2020 Asia IP Trademark Survey
