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


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


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

Financial Regulatory

MAS consults on new omnibus Act for financial sector

MAS issues circular on good practices for disclosure of actively managed funds

MAS enhances Significantly Rooted Foreign Bank Framework

MAS issues information paper on enhancing robustness of enterprise-wide risk assessment on money laundering and terrorism financing

MAS commits S$250 million to accelerate innovation and technology adoption in financial sector

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


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


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


New Indonesian Government Regulation now implements 2017 Construction Services Law – After three years in the pipeline


International Comparative Legal Guide to Construction & Engineering Law 2020


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


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