News & Analysis as of

Singapore

White & Case LLP

Arbitration and Insolvency: A Comparative View from England & Wales, Singapore and Hong Kong

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If the agreement between a creditor and debtor refers disputes to arbitration, what limits should be placed on the creditor to pursue winding-up proceedings based on an unpaid debt under that agreement? Should a court simply...more

A&O Shearman

Singapore: reinventing an ASEAN hub for investments, funds and restructuring

A&O Shearman on

Singapore’s status as a leading financial centre in Asia and regional hub for commodity trading, shipping, and increasingly, private capital activity has been cemented over the years, especially in the past decade....more

Mayer Brown

Singapore's Green Data Centre Roadmap – Representing a Necessary Intersection between Digital Infrastructure and Sustainability

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1. Introduction - The demand for digital infrastructure has seen exponential growth in the recent years, largely driven by the larger economic trend of digitalisation and artificial intelligence (AI) being harnessed and...more

Mayer Brown

Dads, Diapers and Deadlines: How Singapore’s Parental Leave Reinforcement Redefines Work and Family Life

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Singapore is once again taking significant steps towards supporting families with the adoption of the new, extended parental leave entitlements announced by Prime Minister Lawrence Wong in his National Day speech on 18 August...more

Jackson Lewis P.C.

Singapore: Employers of Record Can No Longer Sponsor Employment Passes for Foreign Entities’ Workers

Jackson Lewis P.C. on

The Singapore Ministry of Manpower (MOM) has stated that non-Singapore entities wanting to engage an individual in Singapore who is not a Singapore national or permanent resident may no longer engage an Employer of Record...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

A New Entity Abroad, Part I - Hiring Employees

One of the primary concerns for an organization that wants to start conducting business in a new country must be the laws of the specific country. Employment regulations vary widely from country to country and may be so...more

Morgan Lewis

Singapore Revises Its Guidelines on Licensing for Payment Service Providers

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The Monetary Authority of Singapore (MAS) published updates to its Guidelines on Licensing for Payment Service Providers [PS-G01] (the Guidelines), which will take effect on August 26, 2024. The revisions to the Guidelines...more

Mayer Brown

Singapore: Restrictive Covenants

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AT A GLANCE - Restrictive covenants are a common feature in an employment context, especially for senior employees with special trade connections or who have access to trade secrets....more

Mayer Brown

Impact of Singapore’s Tripartite Guidelines on Flexible Work Arrangement Requests on Work From Home Arrangements

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For the past few years, working from home has become the new norm for employers in Singapore. It has been a mixed experience for employers and employees alike. Social media sometimes refer to this as the 'Boomers vs Gen Z'...more

Conyers

Cryptocurrency: the Next Chapter in the Valuation Conundrum

Conyers on

Earlier this week, the Singapore High Court handed down a decision concerning cryptocurrency valuation in the context of assessing damages for breach of contract and made some important observations in the process. The Court...more

BCLP

Confronting and Mitigating Against Corruption

BCLP on

Construction is a $1.7 trillion industry worldwide, contributing between 5 and 7 percent of GDP in most countries. However, it is also an industry that is highly vulnerable to corruption due to its inherent characteristics....more

Morgan Lewis

How Employers Can Prepare as Singapore Readies for Employment Rule Changes

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The second half of 2024 is shaping up to be a consequential time for employment rules in Singapore. Not only will the Workplace Fairness Legislation (WFL) be introduced in Parliament, but guidelines for the inclusion of...more

Morgan Lewis

Singapore Passes New Bills to Enhance Regulations for Corporate Service Providers Sector

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The Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill) were passed by the Parliament of Singapore on July 2, 2024. The CSP Bill seeks...more

Morgan Lewis

Significant Investments Review Act Update: Singapore Publishes List of Designated Entities

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A list of companies considered critical to Singapore’s national security interests was published on May 31, 2024 in the nation’s e-Gazette. The list is tied to the Significant Investments Review Act 2024 (the Act), which sets...more

Littler

Flexible Work Marches on in Asia

Littler on

In recent years, the traditional 9-to-5 work model has undergone a significant transformation across Asia, with the rise of flexible work arrangements reshaping the way businesses operate and employees engage with their work....more

Hogan Lovells

Recent Singapore decisions highlight sanctions and export controls enforcement

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The Singapore government has refused to renew the visa of the U.S.-born chief executive of a shipping company after the company was designated by the U.S. Treasury for breaching Russian sanctions. Separately, a Singapore...more

A&O Shearman

Combatting payment account fraud: latest regulatory developments in Singapore

A&O Shearman on

On 25 October 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly published a consultation paper on a proposed Shared Responsibility Framework (SRF) in relation to...more

White & Case LLP

AI Watch: Global regulatory tracker - Singapore

White & Case LLP on

Singapore's AI frameworks guide AI ethical and governance principles, with existing sector-specific regulations addressing AI risks. Laws/Regulations directly regulating AI (the “AI Regulations”) Currently, there are...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Legislative Updates From Singapore: Paternity Leave, Infant Care, and Discrimination

Singapore recently made three new changes in employment practices that stand to impose higher standards on employers. These three major legislative updates may have implications for employer handbooks and policies. ...more

White & Case LLP

Statutory Avoidance Provisions in Singapore – An Overview

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Following an overhaul of the Singapore insolvency regime which came into force on 30 July 2020, the insolvency and restructuring framework was consolidated in the omnibus Insolvency, Restructuring and Dissolution Act 2018...more

Mayer Brown

Singapore Court of Appeal Considers Effect of New Arbitration Agreement on Pending Arbitration

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Last week, in CNA v. CNB and another [2024] SGCA(I) 2, the Singapore Court of Appeal published its grounds for dismissing an appeal against a decision of the Singapore International Commercial Court (SICC) which declined to...more

Mayer Brown

Legal Conundrum over Effective Date of Share Transfer in Singapore

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Sometimes a very small change in the law can lead to big and unintended consequences. Singapore’s migration to digital may have inadvertently changed the way in which title passes in a share transfer....more

BCLP

Collaboration in Practice Under Singapore PSSCOC Option Module E and NEC4

BCLP on

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...more

Mayer Brown

Singapore: Arbitrator Found Functus Officio for Failing to Make Express Reservation of Jurisdiction in Final Award

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The Singapore Court of Appeal has released its grounds for deciding that an arbitrator was functus officio with no jurisdiction to issue a further award in Voltas Ltd v. York International Pte Ltd [2024] SGCA 12....more

Morrison & Foerster LLP

SIAC’s 2023 Statistics Demonstrate Continued Expansion of its Global Reach and Steadfast Confidence in its Capabilities

On April 29, 2024, the Singapore International Arbitration Centre (SIAC) released its 2023 Annual Report. In this client alert, we outline SIAC’s key statistics for 2023, highlighting SIAC’s growth and the confidence that...more

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