The Payment Services Act (“PS Act”) and its subsidiary regulations commenced on 28 January 2020. The PS Act aims to regulate all payment services and payment service providers in Singapore. In this client update, we set out the key actions and dates relevant to the PS...

Overview of W&I Insurance Warranty and indemnity insurance (“W&I Insurance”) has been increasingly considered in the context of mergers and acquisitions (“M&A”) transactions for the purposes of minimising the exposure of parties in transactions, especially...

27th December 2019 marks the day when Malaysia officially implements the Madrid System. The Madrid System provides centralised management for the registration of trade marks in multiple countries around the world, commonly known as the International Trademark...

Eversheds Harry Elias is pleased to bring you its annual International Arbitration Year in Review, focusing on Singapore and regional developments in international arbitration. We began this initiative last year with the objective of keeping our clients and...

Myanmar’s Trademark Law (“TML”) was signed into law on January 30, 2019 and will be implemented in 2020. The TML establishes a framework for a comprehensive trademark registration system open to both foreign and domestic trademark owners. The introduction of Myanmar’s...

The Amendments to the SOP Act Are Coming Into Effect Effective Date – 15 December 2019 Introduction 1. The amendments to the Building and Construction Industry Security of Payment Act (the “SOP Act”) will take effect from 15 December 2019. 2. Earlier this year, we...

Why this is important In ST Group Co Ltd and others v Sanum Investments Limited and another [2019] SGCA 65, the Singapore Court of Appeal (“SGCA”) refused to enforce an SIAC arbitration award of over USD 200 million, on the ground that the selection of the seat of...

TECH MATTERS The Ethical Path to Singularity - Governance of Artificial Intelligence; an Eye on the Digital World In the Tech Matters Series, we will, in collaboration with leading corporate personalities from the global tech ecosystem, consider the latest in...

SALE OF PROPERTY UNDER A WRIT OF SEIZURE AND SALE WITHOUT MORTGAGEE’S CONSENT BYX v BYY [2019] SGHC 237 Introduction 1. In the recent decision of BYX v BYY [2019] SGHC 237, the Singapore High Court ordered that the Sheriff proceed with the sale of an immovable...

Offshore Economic Substance Rules In order to address alleged concerns on unfair tax practices, the European Union has sought to introduce economic substance requirements. As a result, many of the traditional offshore jurisdictions, including the British Virgin...