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The question of whether an anti-suit injunction (“ASI”) should be granted to restrain court proceedings when the parties to the court proceedings are not parties to the arbitration agreement was addressed by Singapore Court of Appeal on appeal from the Singapore...
The recent judgement by the General Division of the High Court of the Republic of Singapore, between STS Seatoshore Group Pte Ltd ("STS") and Wansa Commodities Pte Ltd ("Wansa")[1] provides significant insights into the enforcement of arbitration agreements and the...
In this legal update, we examine the Brief Remarks given by the Honourable Justice Aedit Abdullah in Re Picotin Pte Ltd [2024] SGHC 156 where His Honour clarified the law under Sections 64 and 65 of the Insolvency, Restructuring and Dissolution Act 2018...
Traditional contracting has, in recent years, come under increasing criticism for being, among other things, unable to handle increasingly complex projects as there is little incentive for employers and contractors alike to innovate and to do more than what is...
There has been considerable press coverage of a recent decision by the High Court of Singapore where Shopee Singapore Pte Ltd (“Shopee”) sought to enforce a non-competition and non-solicitation clause against its former employee, Lim Teck Yong (“Lim”), who joined...
In this legal update, we set out to examine §177 of the Companies Act 1967 (the “CA”), one of two statutory provisions enshrining the right of members to convene general meetings of a company, subject to minimum shareholding requirements. While the calling of a...
I. Introduction and Background 1. In one of the first ever trials to examine the interaction between non-fungible tokens (“NFTs”) – digital assets based on blockchain technology that have exploded in popularity in recent years – and IP law, a nine-person jury...
Rescue Financing in Singapore The Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) was passed by Singapore’s Parliament on 1 October 2018, and came into effect on 30 July 2020. While the IRDA has introduced several new changes to Singapore’s...
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...
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...