Legal Bulletin June 2018

28 June 2018

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Capital Markets

MAS implements new framework for short selling disclosure and reporting with effect from 1 October 2018

Construction & Engineering

MND and BCA propose changes to Building and Construction Industry Security of Payment Act to enhance fast and low-cost dispute resolution mechanism

Corporate / M&A

Singapore Court of Appeal clarifies principles for imposing tortious liability on directors for contractual breaches by company

Employment

Singapore High Court enforces international two-year non-compete

Intellectual Property

Parliament introduces Intellectual Property (Border Enforcement) Bill: Enhanced border enforcement measures

Singapore Court of Appeal holds power to grant relief for groundless threats of infringement proceedings under Patents Act is discretionary in nature

Maritime & Aviation

MinLaw proposes amendments to section 131 of Companies Act to exempt shipowner’s liens from registration requirement

Tax

MOF seeks feedback on draft Income Tax (Amendment) Bill 2018: Implementing Budget changes and other changes

General

IMDA announces three initiatives relating to AI governance and ethics

MOH issues its responses to feedback on public consultation on draft Healthcare Services Bill

Singapore High Court dismisses claim that customer information was used by defendants in breach of confidence

UK Supreme Court finds “no oral modification” clause legally effective

Regional News

Malaysia

Securities Commission Malaysia issues clarification on short selling in relation to a rights issue exercise

Myanmar

Myanmar Directorate of Investment and Company Administration issues draft forms relating to company directors and registration of changes to share capital

Publications

The Banking Regulation Review: Singapore chapter

Global Legal Insights to Merger Control 2018: Singapore chapter

Employee Rights 2018: Singapore chapter

International Comparative Legal Guide to Product Liability: Singapore chapter

Awards & Rankings

Allen & Gledhill ranked top tier in Benchmark Litigation Asia-Pacific 2018