In this legal update, we examine the information paper issued by the Monetary Authority of Singapore (“MAS”) on 28 April 2022 regarding the strengthening of Anti-Money Launder/Combating the Financing of Terrorism (“AML/CFT”) Name Screening Practices for Financial...
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Legal Update: New conditions for Sections 13O & 13U for Family Offices in Singapore
In this legal update, we examine the new guidelines issued by the Monetary Authority of Singapore (“MAS”) on the new conditions under sections 13O and 13U (formerly sections 13R and 13X respectively) under the Income Tax Act 1947 (“ITA”) for family offices in...
Conditional Fee Agreements Between Lawyers and Clients Now Allowed in Singapore for Specific Cases
From 4 May 2022, lawyers and clients can now enter into Conditional Fee Agreements (CFAs) with respect to solicitors’ fees in relation to specific legal proceedings. CFAs were previously prohibited in Singapore. What is a Conditional Fee Agreement? A “conditional fee...
Upcoming Changes to Singapore’s IP Regime
I. Introduction 1. On 11 March 2022, the Intellectual Property Office of Singapore (the “IPOS”) announced by way of Circular No. 2/2022 that as part of their efforts to continually provide world-class IP services and strengthen Singapore’s position as a global...
Harry Elias Partnership Further Strengthens Construction and Engineering Practice with Partner Hire
Harry Elias Partnership today announced the appointment of Joanna Seetoh as a partner in the Construction and Engineering practice. With over 14 years of experience, Joanna is a specialist in in the construction and infrastructure sector. She is amongst the inaugural...
E-briefing: Key Changes to Singapore IP Laws: The Intellectual Property (Amendment) Bill 2022
I. Introduction 1. A new Intellectual Property Bill (the “Bill”) was tabled in Parliament for Second Reading on 12 January 2022 and is expected to come into effect in May 2022. The Bill, being intended to amend the existing Geographical Indications Act 2014, Patents...
E-briefing: Motor Accident Guide
What to do in a motor accident? A comprehensive practical guide to motor accident claims in Singapore As part of our commitment to increase public access to practical legal knowledge, we have put together this comprehensive and practical guide on motor accident...
Legal Update: Guidelines on Provision of Digital Payment Token Services to the Public
On 17 January 2022, the Monetary Authority of Singapore (“Authority”) issued guidelines on the provision of digital payment token (“DPT”) services to the public (“Guidelines”). The Guidelines set out the restrictions on DPT service providers in promoting DPT services...
What to know about the Option to Purchase when buying property
As resale flats remain highly sought after in Singapore, many homebuyers could be new to the process of buying a property. If you have your eye on your next home, it is important to factor in the legal aspects of this transaction to close the deal smoothly. By first...
How Small Businesses & Freelancers In Singapore Can Protect Their Intellectual Property
Singapore’s Copyright Act (CA) has been in place since 1987 (with revisions made in 2006) but a recent round of Amendments passed in Parliament on 13 Sep 2021 has brought it into the spotlight. The CA protects works of expression in Singapore from being used or...