30 March 2023

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Capital Markets

MAS imposes due diligence requirements for corporate finance advisers

Competition & Antitrust

Antitrust lessons from Covid-19: Key takeaways in Singapore and potential implications for future disruptions

Practical tips and key legal trends impacting foreign investments in 2023

CCCS clears proposed acquisition relating to provision of customised market research services

European Commission publishes draft regulations on implementation of Foreign Subsidies Regulation

Antitrust developments in South-east Asia: October to December 2022

Cybersecurity & Data Protection

New Online Criminal Harms Act and Code of Practice for App Stores among measures announced to tackle online crimes and strengthen online safety

Digital Enterprise Blueprint and Digital Connectivity Blueprint to be launched this year

Dispute Resolution

Framework for statutory recognition and enforcement of foreign judgments consolidated following repeal of Reciprocal Enforcement of Commonwealth Judgments Act 1921

Parallel proceedings in Singapore and India: Can international arbitration and corporate oppression claims co-exist?

Employment, Health & Safety

MOM announces updates to foreign workforce policy, support measures for employers and employees, and measures to secure better workplaces

ESG & Public Policy

Budget 2023: Key highlights

Environmental Public Health (Amendment) Bill passed to implement Progressive Wage Model for waste management sector and revise cleaning business licensing framework

Singapore and UK sign MOU on Green Economy Framework

MSE announces various sustainability initiatives relating to zero-waste, food and climate resilience

Financial Regulatory

Bill introduced to establish platform for financial institutions to share information on customers to combat money laundering and terrorism financing

SIBOR to SORA transition commences: Consultation on setting of adjustment spreads to convert legacy loans referencing SIBOR to a SORA reference

Private Wealth

MAS issues circular on money laundering and terrorism financing risks in wealth management sector

EDB raises investment quantum under Global Investor Programme

Real Estate

New anti-money laundering and terrorism financing responsibilities for developers from 28 June 2023

Regional News


Securities Commission Malaysia issues revised Guidelines on Sustainable and Responsible Investment Funds

Malaysia General Code of Practice of Personal Data Protection imposes new requirements on data users

Malaysia Competition Commission emphasises Competition Act 2010 does not prohibit entities from holding a dominant position in the relevant market

Malaysia Court of Appeal finds manner of delivery of vacant possession and issuance of certificate of completion are two distinct events


Vietnam Law on Anti-Money Laundering 2022 in effect 1 March 2023

Vietnam increases average electricity retail price

Vietnam issues regulations on establishment and operation of Competition Commission

Vietnam issues draft circular on determining origin of imported and exported goods

Effect of Circular 01 on renewable energy regulations in Vietnam


China introduces new filing regime for overseas securities offerings and listings by domestic companies, including via VIE structure

China issues final version of cross-border personal information transfer standard contract


Indonesia Financial Services Authority implements new deadline to disclose a certain post-transaction shareholding change

Indonesia ratifies Singapore-Indonesia Extradition Treaty and Defence Cooperation Agreement

Indonesia ratifies Nice Agreement on International Classification of Goods and Services for the Purposes of Registering Trademarks


Practical Law Joint Ventures: Deadlock and Termination

Corporate Acquisitions and Mergers (2022)

The International Comparative Legal Guide to Litigation & Dispute Resolution 2023

The International Comparative Legal Guide to Oil & Gas Regulation 2023

The International Comparative Legal Guide to Public Procurement 2023

Competition Policy International: Key lessons from the rise of antitrust enforcement in South-east Asia

IFC Review: FinTech developments in Singapore - Spotlight on crypto

The Cartels and Leniency Review (11th Ed, 2023)


Issue of €1.5 billion notes by Temasek Financial (I) Limited

S$652.5 million divestment of 50% indirect stake in NEX by Mercatus Tres Pte. Ltd.

Investment by Top Harvest Capital LLC in US$8.15 million pre-Series A financing round of Asa Ren Pte. Ltd.

US$1.8 million series seed round investment in Groundup.ai Pte. Ltd. led by Wavemaker Pacific 4, L.P.

Acquisition of two solar farms in Vietnam by Singapore Power Group

Awards & Rankings

Allen & Gledhill recognised in inaugural Asian Legal Business Asia’s Top 15 ESG Law Firms 2023 list

Allen & Gledhill named National Law Firm of the Year (Singapore) at IFLR Asia-Pacific Awards 2023

Allen & Gledhill wins Singapore Patents Firm of the Year at Asia IP Awards 2022 and maintains top tier ranking in the Asia IP Copyright Survey 2023 rankings