Legal Bulletin July 2026: Allen & Gledhill

30 July 2026

Capital Markets

New legislative framework facilitating dual listings on SGX and Nasdaq through Global Listing Board in effect

Competition & Foreign Investment Review

CCS introduces Guidelines on the Fast Track Procedure

Corporate / M&A

MAS amends Singapore Code on Take-overs and Mergers to protect competitive process of take-over and merger transactions, improve certainty and timeliness of schemes of arrangement, and enhance disclosures to shareholders

Cybersecurity & Data Protection

CSA publishes Singapore Cyber Landscape 2025/2026

Employment, Health & Safety

MOM implements enhanced workplace safety measures including nationwide voluntary Safety Time-Out

ESG & Public Policy

Singapore enhances Article 6 carbon markets by committing US$15 million to GGGI’s Carbon Transaction Facility and establishes Singapore Article 6 Carbon Facility

Singapore partners with World Bank Group to launch Singapore Carbon Markets Programme

Singapore and Tanzania sign MOU on carbon credits collaboration

Economic Strategy Review final report published

FinTech

MAS establishes Future of Finance Institute to scale financial innovation

Healthcare, Life Sciences & Pharmaceuticals

HSA seeks feedback on proposed regulation of complementary health products under Health Products Act 2007

Private Wealth

Revised framework for Single Family Offices from 15 June 2026

Real Estate

URA issues circular on risk-proportionate approach in prevention of money laundering, proliferation financing, and terrorism financing for developers

Technology & Corporate Intellectual Property

MDDI and IMDA seek comments on draft Digital Infrastructure Bill

IMDA issues discussion paper on legal responsibility for AI agents

IMDA updates Model AI Governance Framework for Agentic AI

Technology, Media & Telecommunications

Online Safety Commission operational from 29 June 2026

Regional News

China

China launches three-year action plan to accelerate energy efficiency and carbon reduction in key industries

Indonesia

Centralised export mechanism for strategic natural resource commodities introduced

Indonesia updates financial framework for proceeds from export of natural resources

Indonesia overhauls regulatory framework for hospitals

Indonesia lowers threshold for rupiah spot FX purchases from US$25,000 to US$10,000

Singapore and Indonesia sign environmental and carbon market agreements at Leaders’ Retreat

Malaysia

Malaysian Communications and Multimedia Commission issues public consultation paper on proposed amendments to Communications and Multimedia Act 1998

Scheme of arrangement: Malaysia High Court refuses sanction despite requisite majority creditors’ approval due to “roadblock” in scheme

Publications

Practical Law: Litigation in the Singapore International Commercial Court (2026)

The Legal Industry Reviews: China & Hong Kong (Edition 10, July 2026)

Deals

Issue of S$1 billion fixed rate notes by Housing and Development Board

Issue of offshore CNY1.5 billion notes by Singapore Airlines Limited

Issue of A$1 billion floating rate notes due 2029 by DBS Bank Ltd.

Issue of A$1 billion floating rate green notes due 2029 by Oversea-Chinese Banking Corporation Limited

S$660 million term loan facility to Asia Mobile Holdings Pte. Ltd.

S$588 million term and revolving credit facilities to Phoenix Kallang Pte. Ltd.

S$242 million initial public offering and listing of Foundation Healthcare Holdings Limited

Awards & Rankings

Allen & Gledhill named Asia Firm of the Year at the Benchmark Litigation Asia-Pacific & China Awards 2026

Allen & Gledhill named Best Law Firm in Singapore at the FinanceAsia Awards 2026