On October 2, 2018, a widely anticipated bill to amend the Singapore Employment Act ("EA") was introduced into parliament.
The most significant proposed change is the expansion of the core provisions of the EA to all...more
On June 12, 2018, Vietnam's National Assembly passed the contentious Law on Cybersecurity ("Law"), which will go into effect on January 1, 2019. The Law has hallmarks similar to China's Cybersecurity Law that took effect in...more
The Bill: The Singapore Parliament passed a bill giving the Competition Commission of Singapore (or CCS) regulatory powers over consumer protection. The expanded body is now (effective 1 April 2018) called the Competition and...more
The Situation: Guidelines on Digital Token Offerings introduced by the Monetary Authority of Singapore address initial coin offerings and also how current laws will be applied to intermediaries.
The Result: Whether a...more
12/8/2017
/ Anti-Money Laundering ,
Digital Currency ,
Financial Adviser ,
Foreign Exchanges ,
Initial Coin Offering (ICOs) ,
Institutional Investors ,
Monetary Authority of Singapore ,
Securities and Exchange Commission (SEC) ,
Securities and Futures Act (SFA) ,
Singapore ,
Token Sales
As the interest in blockchain technology grows, companies will be confronted with numerous decisions, challenges, and legal issues pertaining to its adoption. Relevant matters include the overall design and control of...more
9/6/2017
/ Australia ,
Blockchain ,
China ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
Financial Institutions ,
Foreign Jurisdictions ,
France ,
Germany ,
Hong Kong ,
Japan ,
Patents ,
Popular ,
Securities and Exchange Commission (SEC) ,
Singapore ,
Smart Contracts ,
Supply Chain ,
UK
In the wake of a recent increase in the number of initial coin (or token) offerings ("ICOs") in Singapore as a means of raising funds, as well as announcements from other concerned regulators, including in the United States,...more
On March 10, 2017, Singapore's Parliament approved the Companies (Amendment) Bill 2017 (the "Act") to enhance the country's corporate debt restructuring framework. The Act, a copy of which is available here, was assented to...more
6/2/2017
/ Amended Legislation ,
Chapter 11 ,
Commercial Bankruptcy ,
Companies Act ,
Corporate Restructuring ,
Cross-Border ,
Debt Restructuring ,
Insolvency ,
Moratorium ,
Ring-Fencing ,
Scheme of Arrangement ,
Singapore ,
UNCITRAL
On 10 March 2017, the Singapore Parliament passed the Companies (Amendment) Act 2017 ("Amendment Act"), which amends the Companies Act. This update focuses on the key amendments that are intended to improve the transparency...more
The Action: Courts in Singapore and the states of New York and Delaware have formally implemented Guidelines for Communication and Cooperation between Courts in Cross-border Insolvency Matters....more
On March 10, 2017, Singapore's Parliament approved the Companies (Amendment) Bill 2017 ("Act") to enhance the country's corporate debt restructuring framework. The Act was assented to by President Tony Tan Keng Yam on March...more
4/8/2017
/ Automatic Stay ,
Companies Act ,
Corporate Restructuring ,
Cramdown ,
Cross-Border ,
Debt Restructuring ,
Debtors-in-Possession ,
Insolvency ,
Moratorium ,
New Legislation ,
Ring-Fencing ,
Scheme of Arrangement ,
Singapore ,
Super Priority