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29 June 2021

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Covid-19

MOM and ESG update requirements for safe management measures at the workplace with effect from 10 June 2021

Enhanced support measures for businesses and individuals during Phases 2 and 3 (Heightened Alert)

Dispute Resolution

SIAC licensed to administer disputes in the Russian Federation

Singapore Court of Appeal declines to grant declaratory relief on confidentiality in arbitration

ESG & Public Policy

MAS releases inaugural Sustainability Report to chart strategy on climate resilience and environmental sustainability

Joint venture to establish Climate Impact X, a global exchange and marketplace for carbon credits

Intellectual Property

IPOS allows registration of “Prosecco” as a geographical indication

Restructuring & Insolvency

Singapore High Court considers level of scrutiny required on a debtor’s application for an interim moratorium in support of individual voluntary arrangements under the IRDA

Tax

MOF seeks comments on proposed changes to Income Tax Act to effect tax measures announced in 2021 Budget Statement and other changes

General

Protection from Harassment Court operational from 1 June 2021

Regional News

Malaysia

Malaysian Government launches PEMERKASA Plus relief package

Bursa Malaysia introduces new directive on pilot market making programme for eligible stocks

Bank Negara Malaysia issues exposure draft on electronic money

Malaysia Federal Court holds liability for statutory oppression action may extend to directors and third parties

Malaysia Federal Court lays down principles on the lifting or piercing of corporate veil

Vietnam

Vietnam issues new guidance on foreign investment

China

China’s new Data Security Law imposes extensive obligations on entities engaging in data processing activities from 1 September 2021

Publications

Chambers Global Practice Guide to Acquisition Finance 2021

The International Compendium of Construction Contracts

The International Comparative Legal Guide to Product Liability 2021

The “art” of the non-fungible token - Concepts and novel use cases

The Banking Regulation Review (12th Ed, 2021)

The Intellectual Property Review (10th Ed, 2021)

The Corporate Tax Planning Review (3rd Ed, 2021)

The Securities Litigation Review (7th Ed, 2021)

Deals

S$6.2 billion rights issue of mandatory convertible bonds by Singapore Airlines Limited

Issue of S$900 million notes by Housing and Development Board

Issue of S$400 million fixed rate green bonds by Sembcorp Industries Ltd

Issue of S$300 million green bonds by National University of Singapore

Acquisition of Positronic by Amphenol Corporation

Awards & Rankings

Allen & Gledhill wins two Firm of the Year awards at Benchmark Litigation Asia-Pacific Awards 2021

Allen & Gledhill named Best Law Firm in Singapore in FinanceAsia Country Awards 2021

Allen & Gledhill maintains Tier 1 ranking according to IFLR1000’s latest Banking and Finance rankings

Allen & Gledhill lawyer ranked in Who’s Who Legal: Thought Leaders - Restructuring & Insolvency 2021 Guide

Allen & Gledhill’s Intellectual Property Practice and lawyers recognised in Managing IP’s IP STARS 2021