Legal Bulletin January 2018

31 January 2018

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Competition

CCS consults on proposed changes to Competition Act following a record year of enforcement

CCS imposes financial penalty of over S$19 million, highest to-date for international capacitor manufacturers cartel; highlights international cooperation on cartel investigations

Restructured Competition Commission of Singapore to also oversee consumer protection

CCS concludes second market inquiry into retail petrol market in Singapore and recommends steps to improve price transparency

Construction & Engineering

Singapore Court of Appeal holds valid payment claim under SOPA due “on” Sunday but served on Friday and explains waiver and estoppel in the context of a respondent’s jurisdictional objections

Corporate / M&A

Corporate Governance Council proposes mandatory compliance for certain important requirements in Code of Corporate Governance and recommends changes to reinforce Board competencies

SGX reviews quarterly reporting framework

SGX releases consultation paper on proposed enhancements to continuous disclosures

Dispute Resolution

New Bill clarifies jurisdiction of Singapore International Commercial Court in relation to international commercial arbitration matters

SIAC announces proposal on cross-institution consolidation protocol

Employment

MOM releases consultation paper on review of Employment Act

Medico-Legal

MOH issues consultation paper on draft Healthcare Services Bill proposing changes to strengthen governance

Public Policy

Recent developments in traditional and non-traditional funding options for SMEs

General

Parliament introduces Cybersecurity Bill to protect critical information infrastructure against cybersecurity threats

IMDA consults on proposed Telecommunication and Subscription TV Mediation-Adjudication Scheme

Regional News

Malaysia Securities Commission initiates aFINity Innovation Lab for Alternative Trading System

Malaysian Securities Commission issues new guidelines for SRI Funds

Bank Negara Malaysia issues exposure draft on Interoperable Credit Transfer Framework

Bank Negara Malaysia issues exposure draft aiming to make digital currencies more transparent

Myanmar Companies Law to come into effect on 1 August 2018

Newly issued Myanmar Condominium Rules set out ownership and development requirements

Myanmar Investment Commission seeks to increase foreign participation in logistical services and manufacturing sectors

Publications

International Comparative Legal Guide to Corporate Investigations 2018: Singapore chapter

Practical Law Merger Control Global Guide: Singapore chapter

Practical Law Cartel Leniency Global Guide: Singapore chapter

Practical Law Restraints of Trade and Dominance Global Guide: Singapore chapter

News

Four Allen & Gledhill lawyers recognised as Accredited Specialists in Building and Construction Law

Allen & Gledhill announces admission of new Partners

Huang Xuhua heads Allen & Gledhill’s China practice

Awards & Rankings

Allen & Gledhill Competition & Antitrust ranked in top band by Global Competition Review