Financial Services January 2019
30 January 2019
Capital Markets
MAS to launch new S$75 million grant to enhance Singapore’s role as an enterprise financing hub
Financial Regulatory
MAS releases FAQs on opt-in regime for accredited investors, extends transition to 7 April 2019
MAS revises AML/CFT requirements for money-changing and remittance businesses
Exclusions from definition of “collective investment scheme” in SFA effective from 25 December 2018
Restructuring & Insolvency
Tax
General
Singapore Court of Appeal upholds decision setting aside investor-State award
Regional News
Malaysia
Federal Court finds bank cannot rely on exclusion clause restraining legal proceedings
Bank Negara Malaysia issues policy document on outsourcing
Income Tax (Amendment) Act 2018 gazetted, widens applicability of breach of confidence offence
Finance Act 2018 gazetted and amends seven Acts
Myanmar
Entities registered under previous Myanmar companies regime must re-register by 31 January 2019
Central Bank of Myanmar amends lending rates
Insurance market liberalised for foreign entities in Myanmar
Publications
International Comparative Legal Guide to Corporate Investigations 2019: Singapore chapter
Practical Law - Legal privilege, confidentiality and professional secrecy 2018: Singapore Q&A
GCR E-Commerce Competition Enforcement Guide 2019: Singapore chapter
The Global Damages Review 2019: Singapore chapter
SAL Practitioner: Restrictive covenants in employment law - When are they enforceable?
Deals
US$800 million term loan facility to Raffles City China Fund Limited
News
Strategic Alliance between Allen & Gledhill and Soemadipradja & Taher
Allen & Gledhill announces admission of new Partners
Awards & Rankings
Allen & Gledhill is a leading law firm in South-east Asia in The Legal 500 Asia Pacific 2019
Allen & Gledhill Partner, Gina Lee-Wan, named top female maritime lawyer globally
Allen & Gledhill voted Asian-mena Counsel In-House Community Firm of the Year 2018