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E-briefing: New Funds Framework- Singapore Variable Capital Companies
The Variable Capital Companies (“VCC”) Bill was passed in the Singapore Parliament on 1st October 2018 and the key features of the VCC were elaborated by Second Minister for Finance Ms. Indranee Rajah. This framework serves to encourage fund managers to domicile their...
E-briefing: Defining an overlapping market: CCCS’ Infringement Decision on Grab/Uber Merger
Defining an overlapping market: CCCS’ Infringement Decision on Grab/Uber Merger Introduction On 24 September 2018, the Competition and Consumer Commission of Singapore (“CCCS”) issued its final infringement decision (“FID”) against Grab and Uber (the “Parties”) in...
E-briefing: Financial Institutions in Singapore to strengthen their cyber resilience – Monetary Authority of Singapore consults on cyber security measures
Recently, JP Morgan CEO, Jamie Dimon, warned that the “biggest vulnerability” for the financial system is the threat of cyber attacks. Hackers, especially those working for nation-states, have grown more sophisticated and more determined, especially as geopolitical...
Partner and Foreign Counsel Rodman Bundy ranked as one of Singapore’s Top 100 Lawyers by Asia Business Law Journal
Eversheds Harry Elias International Arbitration Partner Rodman Bundy has been named as one of Singapore’s Top 100 Lawyers. The list is based on extensive research conducted by Asia Business Law Journal, a publication by Vantage Asia. Nominations were received from...
Partner and Head of International Arbitration Francis Goh elected as Secretary of the Singapore Institute of Arbitrators (SIArb)
Eversheds Harry Elias Partner and Head of International Arbitration Francis Goh was elected as Honorary Secretary of the Singapore Institute of Arbitrators (SIArb). The election took place during SIArb’s Annual General Meeting (AGM), held on 25 September 2018. Francis...
Senior Associate Ashok Rai was quoted in the Edge Singapore article titled “Singapore’s competition watchdog fines Grab and Uber but can fair play resume?”
Eversheds Harry Elias Senior Associate Ashok Rai was quoted in the Edge Singapore article titled "Singapore's competition watchdog fines Grab and Uber but can fair play resume?". The article was first published on 1 October 2018. Singapore's competition watchdog fines...
E-briefing: Arbitral Tribunal Rules that the ECJ Achmea Decision is not applicable to Intra-EU ECT Arbitrations
The decision: To recall, on 6 March 2018, the European Court of Justice (ECJ) in Slovak Republic v. Achmea ruled that the application of an investor-State arbitration clause in a bilateral investment treaty (BIT) between two EU Member States is incompatible with EU...
Eversheds Sutherland Partner and Head of Global Client Development Stephen Hopkins comments in an article by The Business Times titled ‘Law firms best positioned to ride AI wave’
Eversheds Sutherland Partner and Head of Global Client Development Stephen Hopkins comments in an article by The Business Times titled 'Law firms best positioned to ride AI wave'. The article was first published on 28 September 2018. Law firm best positioned to ride...
Increased Corporate Governance Standards Under New Code
2018 Update of the Singapore Code of Corporate Governance On 6 August 2018, the Monetary Authority of Singapore issued an updated Code of Corporate Governance (“CGC 2018”) and an accompanying Practice Guidance which explains and provides examples of the applications...
Singapore Court Upholds Arbitral Tribunal’s Jurisdiction Despite Competing Arbitration Clauses
The decision: In Sinolanka Hotels & Spa (Private) Limited v Interna Contract SpA [2018] SGHC 157, the Singapore High Court determined the applicable arbitration clause in a situation where the contract contained competing arbitration clauses. In doing so, the...