31 October 2017

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Corporate / M&A

Inward re-domiciliation regime introduced in Singapore on 11 October 2017

ACRA issues Registrar’s Interpretation No. 1 of 2017 on section 64A of Companies Act on issue of shares with different voting rights by public companies

Singapore High Court finds diversion of company’s business constitutes oppression

Dispute Resolution

English High Court finds documentation created for internal investigations not covered by legal professional privilege

Employment

MOM, NTUC and SNEF launch Tripartite Standards on flexible work arrangements and grievance handling

MOM increases minimum fixed monthly salary to qualify for dependant privileges

Intellectual Property

Changes to Singapore’s patents and registered designs legislation in force from 30 October 2017

Tax

Changes to Income Tax Act to implement Budget 2017 changes and other changes effective from various dates

Upcoming changes to Goods and Services Tax Act to ease business compliance and improve tax administration

Changes to Property Tax Act to update legislation and improve tax administration effective from 23 October 2017

General

Application of European Union General Data Protection Regulation to Singapore organisations from 25 May 2018

Parliament introduces Cross-Border Railways Bill 2017

Regional News

Malaysian Bankruptcy (Amendment) Act 2017: A light in the dark for debtors

Companies Commission of Malaysia conducts public consultation on introduction of personal property securities registration law

Bursa Malaysia conducts public consultation on proposed amendments to Corporate Governance Guide

Myanmar Parliament considering draft laws to build IP regime

Publications

Singapore Arbitration in the Maritime Sector

IBA Negotiated M&A Guide 2017: Singapore chapter

Getting the Deal Through: Private Banking & Wealth Management 2018 - Singapore chapter

Deals

US$1.28 billion voluntary tender offer for shares in Energy Development Corporation

S$1.1 billion acquisition facility by United Overseas Bank Limited to Yanlord Perennial Investment (Singapore) Pte. Ltd.

Issue of EUR500 million covered bonds by Oversea-Chinese Banking Corporation Limited

S$58.2 million initial public offering of APAC Realty Limited

Awards & Rankings

Allen & Gledhill maintains top tier rankings in IFLR1000 2018

Allen & Gledhill wins major awards at Asialaw Asia-Pacific Dispute Resolution Awards 2017