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Introduction The COVID-19 pandemic has caused an economic downturn and unprecedented market disruptions. The drastic impact on financial markets and across almost all asset classes means that funds are directly affected in the face of volatile asset prices and a...
Further to our email dated 7 April 2020 on “Tech Matters: Your Partner in Times of Crisis- Eversheds Harry Elias”, we remain fully committed and are available for you if you need assistance during these challenging times. We maintain an open video comms crisis line...
Why is this important? This removes a hurdle for foreign authorities to seek assistance from Singapore to seize Singapore-based assets that may be subject to a foreign confiscation order. Key points you should note: A foreign country can request assistance from...
Recent Developments in Enforcement Data breach risks are serious and are happening more often than one may think. In Q1 2020 alone, the Personal Data Protection Commission (the “PDPC”) had heard a total of 17 data breach cases. Fines were handed down by the PDPC in...
Introduction 1. On 7 April 2020, Parliament passed the wide-ranging COVID-19 (Temporary Measures) Act 2020 (the “Act”) to provide temporary, targeted relief to alleviate the immense pressures caused to individuals, firms and businesses as a result of the COVID-19...
Introduction 1. On 7 April 2020, Parliament passed the wide-ranging COVID-19 (Temporary Measures) Act 2020 (the “Act”) to provide temporary, targeted relief to alleviate the immense pressures caused to individuals, firms and businesses as a result of the COVID-19...
Introduction On 7 April 2020, Parliament passed the wide-ranging COVID-19 (Temporary Measures) Act 2020 (the “Act”) to provide temporary, targeted relief to alleviate the immense pressures caused to individuals, firms and businesses as a result of the COVID-19...
Summary of the Solidarity Budget measures targeted at supporting businesses which was announced on 6 April 2020. Enhanced Jobs Support Scheme (JSS) Government will pay 75% of the first $4,600 of monthly salaries paid in April 2020, for every local worker in...
The Singapore Government recently announced new measures to act as “circuit breakers” to control and mitigate the spread of the COVID-19 virus. The measures include the shutdown of all work places between 7 April and 4 May 2020, with prescribed exceptions. Eversheds...
To reduce the risk of further local transmission of COVID-19, all business, social or other activities that cannot be conducted through telecommuting from home will be suspended from 7 April 2020 to 4 May 2020 (inclusive). Companies that are able to continue to...