Legal Bulletin June 2025

26 June 2025

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Capital Markets

MAS and SGX RegCo propose changes to streamline prospectus requirements and shift to more disclosure-based regime

Corporate / M&A

Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 in effect on 16 June 2025

Corporate Governance Advisory Committee to review Code of Corporate Governance

Revised sentencing framework sets imprisonment as default punishment for nominee directors breaching duty to exercise reasonable diligence

ESG & Public Policy

Identifying and managing risks in the supply chain through a robust legal framework

Singapore signs implementation agreement on carbon credits collaboration with Paraguay

Launch of Go 25 national movement

Medico-Legal

HSA consults on proposed exemption from manufacturer’s licensing and product registration requirements for AI-SaMD

Restructuring & Insolvency

MinLaw proposes changes to Debt Repayment Scheme: Criminalising the soliciting and canvassing of any person to make a bankruptcy application

Regional News

Indonesia

Indonesia sets the stage for structured derivatives oversight

Indonesia introduces significant changes to mineral and coal mining regulations

Indonesia sets child protection standards for electronic system providers

Malaysia

Malaysian competition regulator launches consultation on proposal to extend block exemption for vessel sharing agreements

Malaysia issues key amendments to Labuan Business Activity Tax Act 1990

Insolvency vs arbitration: Landmark Malaysia Federal Court decision affirms higher threshold for restraining winding-up petition even if debt is subject to arbitration agreement

Myanmar

Myanmar introduces additional reporting requirements for companies sponsoring visas

Myanmar expands civil jurisdiction and monetary limits for courts

Publications

Lexology In-Depth - Banking Regulation (16th Ed, 2025): Singapore

Practical Law: Memorandum for Incoming Directors on Their Duties and Potential Liabilities - Singapore (2025)

Practical Law: Opening a Company Bank Account - Singapore (2025)

Practical Law: Transfer of Shares in a Private Company - Singapore (2025)

Practical Law: Litigation and Enforcement in Singapore (2025)

Practical Law: Competition Law in Singapore (2025)

ICLG: Digital Business 2025 (6th Ed) - Indonesia

ICLG: Product Liability 2025 (23rd Ed) - Singapore

Deals

Issue of US$750 million notes by ST Engineering RHQ Ltd., unconditionally and irrevocably guaranteed by Singapore Technologies Engineering Ltd

S$480 million term and revolving credit facilities to Frasers Centrepoint Trust

S$400 million term loan facility to Lyon Investments Limited

US$3 million pre-Series A investment in Every Half Coffee Roasters led by Openspace Ventures

Subscription of convertible preference shares in GivePlease

Awards & Rankings

Allen & Gledhill named SE Asia Deal Firm of the Year at ALB SE Asia Law Awards 2025

Allen & Gledhill named Best Law Firm in Singapore at FinanceAsia Awards 2025

Allen & Gledhill ranked in ALB Asia IP Rankings 2025

Allen & Gledhill maintains leading position in IAM Patent 1000 2025’s firm and individual rankings

Allen & Gledhill Intellectual Property Practice maintains top tier rankings for Trade mark work in Managing IP’s IP Stars 2025