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...

Important developments and continuing conversations on costs in arbitration-related court proceedings in Singapore that will impact the Corporate Counsel's management of costs in future arbitration-related disputes. 1. The SAL Law Reform Committee ("Committee")...

MAS Publishes FAQ on Payment Services Act Our previous e-bulletin “Transitions to the Payment Services Act” released on 14 June 2019 highlighted the affected payment services that will be regulated under the new Payment Services Act (“PS Act”) and the transition...

The Final Phase of Singapore's Efforts to Modernise and Strengthen Its Corporate Rehabilitation and Debt Restructuring Regime Insolvency, Restructuring and Dissolution Act 2018 Introduction The Insolvency, Restructuring and Dissolution Act 2018 (the “Act”), passed by...

Mergers and Acquisitions – Singapore Court Opines on the Revocability of SWIFT Code MT 103  Background An MT103 is at times relied upon by sellers as an acceptable proof of payment in international M&A transactions. The need for an MT103 payment mechanism...

Resolving uncertainties in arbitration clauses – what will be the governing law of the arbitration agreement and seat of arbitration if it is not expressed? Why is this important: What happens when you do not expressly state the governing law of your arbitration...

TECH MATTERS CRISIS MANAGEMENT IN A DIGITAL AGE In this digital age, a seemingly small issue left unmitigated may grow viral in a matter of minutes at an uncontrollable scale. With the advent of social media, a local problem could be propagated to become a global...

TECH MATTERS Data Monetization: Understanding and addressing the legal and regulatory challenges In the Tech Matters Series, we will, in collaboration with leading corporate personalities from the global tech ecosystem, consider the latest in technology law and...

From 1 September 2019, organisations will not be allowed to collect, use, or disclose the Singapore National Registration Identification Card (“NRIC”) numbers or copies of the NRIC except under specific circumstances. This is pursuant to the Advisory Guidelines on the...