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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...
SINGAPORE INFRASTRUCTURE DISPUTE-MANAGEMENT PROTOCOL (“SIDP”) 2018 Effective management of differences or disputes in the context of mega construction or infrastructure projects Background to the SIDP 1. The Singapore Infrastructure Dispute-Management Protocol...
RECOGNITION OF FOREIGN BANKRUPTCY ORDERS BY THE SINGAPORE HIGH COURT Henice Tombak Simanjuntak and others v Paulus Tannos and others [2019] SGHC 216 Introduction 1. Pursuant to the Companies (Amendment) Act 2017, the UNCITRAL Model Law on Cross-Border Insolvency...
TECH MATTERS The True Road to Damascus – Arbitrating Class Action Data Breaches? In the Tech Matters Series, Shaun Leong, Partner based in Eversheds Sutherland’s Singapore office, Eversheds Harry Elias, considers the latest in technology disputes and trending...
Singapore Court of Appeal Affirms Power to Grant Mareva Injunctions in Aid of Foreign Court Proceedings Introduction 1. The Singapore Court of Appeal (“SGCA”) in Bi Xiaoqiong (in her capacity and as trustee of the Xiao Qiong Bi Trust and the Alisa Wu Irrevocable...
Recognition of moratorium granted by Singapore Courts as foreign main proceedings under UK’s enactment of the UNCITRAL Model Law on Cross-Border Insolvency H & CS Holdings Pte Ltd v Glencore International AG [2019] EWHC 1459 (Ch) Introduction 1. The High Court of...