26 July 2018

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Competition

CCCS clears proposed acquisition between two steel players

Corporate / M&A

SGX implements listing framework for issuers with dual class share structure with effect from 26 June 2018

Singapore International Commercial Court delivers first landmark decision on minority oppression

Dispute Resolution

Singapore Court of Appeal holds court may refuse Mareva relief if application made for collateral or ulterior purpose

Intellectual Property

Parliament passes Intellectual Property (Border Enforcement) Bill to enhance border enforcement measures

Singapore High Court clarifies that Regulation 24 of Health Products (Therapeutic Products) Regulations 2016 precludes patent owners from commencing an action for prospective acts of patent infringement

Maritime & Aviation

Companies (Amendment) Bill introduced in Parliament to exempt a shipowner’s lien from section 131 registration requirement

Real Estate

MOF/MAS raise additional buyers stamp duty rates and tighten loan to value limits

Tax

Bill to amend Customs Act passed in Parliament: Supporting policy changes and improving operational efficiency

MOF seeks feedback on proposed changes to Goods and Services Tax Act: Introducing GST on imported services

General

MTI and EMA consult on proposed amendments to Gas Act and Electricity Act

Small Claims Tribunals (Amendment) Bill passed in Parliament: Expanding jurisdiction of the Tribunals

Parliament passes Vulnerable Adults Bill

UK Supreme Court excludes Wrotham Park damages for breaches of non-compete agreements

Regional News

Malaysia

Companies Commission of Malaysia issues practice note clarifying rectification of lodged and registered documents

Asian International Arbitration Centre launches new standard form of sub-contract for design and build contracts

Bank Negara Malaysia sets additional requirements for money services business compliance officers

Myanmar

Registered companies in Myanmar must re-register on online electronic registry from 1 August 2018

DICA issues notifications setting out requirements for public companies and business associations

DICA issues draft forms for registration of matters relating to overseas corporations, public companies, and mortgages and charges

China

PRC widens opportunities for foreign direct investment by issuing new negative lists

Publications

Practical Law Cross-border Commercial Transactions: Memorandum of Understanding Q&A - Singapore

Corporate Acquisitions and Mergers: Singapore chapter

Singapore Academy of Law Annual Review: Admiralty and shipping law

Financial Technology Law Review: Singapore chapter

News

Allen & Gledhill successfully represented Kiri Industries Limited in first minority oppression case in the Singapore International Commercial Court

Awards & Rankings

Allen & Gledhill recognised in top 100 Restructuring & Insolvency practices worldwide