Financial Services Bulletin August 2020
28 August 2020
Capital Markets
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 sets out expectations on financial reporting during Covid-19 period
Dispute Resolution
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
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 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
Real Estate
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
Malaysia exempts payment of real property gains tax under certain circumstances
Malaysia implements stamp duty exemptions for sale and purchase agreements until May 2021
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
Draft direct selling law to allow multi-level marketing in Myanmar
Indonesia
Publications
International Comparative Legal Guide to Construction & Engineering Law 2020
Deals
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
Awards & Rankings
Eight Allen & Gledhill lawyers ranked in Who’s Who Legal M&A and Governance 2020 Global Guide
Allen & Gledhill maintains top tier rankings for trademark in the 2020 Asia IP Trademark Survey