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The Monetary Authority of Singapore has revealed in its response to the Business Times on 7 December 2020, that it is looking into possibly “widening the scope of permissible fund managers to allow Single Family Offices to manage Variable Capital Companies (“VCCs”).”...
White-collar crimes in Singapore to be aware of In recent times, Singapore’s authorities have stepped up their efforts to reduce white-collar crimes by increasing the scale of investigations and the number of funds seized. Although there is no singular definition of...
COVID-19 impact on commercial leases: what we can learn COVID-19 has brought about a range of unprecedented issues for businesses in Singapore pertaining to commercial leases. With the pandemic causing a dramatic downturn in trade for countless companies, this has led...
Proposed Amendments to the Payment Services Act In this client update, we highlight the proposed amendments to the Payment Services Act (“PS Act”) further to the Payment Services (Amendment) Bill which was first read on 2 November 2020. Briefly, the main amendments...
In October 2020, the Singapore parliament passed the Civil Law (Amendment) Bill, which stipulates the duty of doctors in the provision of care. Doctors must tell their patients what they reasonably require to know to make an informed decision on what treatments,...
Disputes are uncommon in business. Contestation is always present where competition prevails. However, at times, these turn hostile, requiring some form of legal intervention in the form of dispute resolution. By way of definition, dispute resolution is the process...
Effective 1 January 2021 all EU trademarks (EUTMs) and Community Designs (RCDs) and International trademarks and designs designating the EU will no longer extend to the UK following the end of the EU-UK Withdrawal Agreement (Brexit) transition period on 31 December...
Introduction On 5 October 2020, the Personal Data Protection (Amendment) Bill (the “Bill”) was introduced in Parliament. The Bill proposes significant amendments to the PDPA, which came into force in July 2014. In the meantime, organisations should start...
The Singapore Parliament has recently passed the latest amendments to the Singapore International Arbitration Act (“IAA”), with a view to improving the procedure in complex matters and ensuring the confidentiality of proceedings. The two main features of the...
1 OF 5 INSIGHTS Crystallisation of Floating Charge by Operation of Law: Malayan Banking Bhd v Bakri Navigation Co Ltd and another A floating charge is a form of security that allows a lender to take security over the whole of a company’s assets and undertaking while...