The Takeover Code has been amended to provide that where changes in the number of votes of multiple vote shares in a dual class shares company results in a shareholder coming under an obligation to make a general offer for...more
A new Payment Services Bill tabled in Parliament sets out the MAS’s proposed licensing framework for providers of payment service activities. The three categories are: Money-Changing Licensee, Standard Payment Institution and...more
The SGX is proposing various amendments to the voluntary delisting regime. In a separate consultation, it is also proposing removing the power of the Listings Advisory Committee to look into applications not referred to it....more
Re IM Skaugen SE [2018] SGHC 259 (27 November 2018) is an important first decision on the moratorium provisions of the new scheme of arrangement sections of the Companies Act. The High Court had a practical commercial...more
Banks will need to include bail-in recognition provisions in certain regulatory capital instruments not governed by Singapore law. New approval and notification requirements also applied to banks as from 30 November 2018....more
The Employment Act will be amended to cover all employees, including those in managerial and executive positions earning a basic monthly salary in excess of SGD4,500. Claims for wrongful dismissal will be extended to include...more
The test for who may be regarded as an accredited investor has been tightened. In addition, from 8 January 2019, new customers who qualify under the quantitative criteria to be accredited investors must specifically consent...more
The Variable Capital Company (VCC) is a new corporate entity structure under which several collective investment schemes (whether open-end or closed-end) may be gathered under the umbrella of a single corporate entity and yet...more
SIC Consulting on the Application of the Takeover Code to Dual Class Shares Companies -
The SIC’s consultation proposes that where changes in the number of votes of multiple vote shares in a dual class shares company...more