The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
-
The Singapore government has been proactive and inclusive in its encouragement and development of internet communications and e-commerce, by its establishment of a supportive legal and technical infrastructure, investments in technology and awareness- building. Policy-wise, it adopts a balanced and light-touch approach to ensure that minimum standards are set for responsible use of the internet while giving maximum flexibility to industry players to operate, and favours industry self-regulation.
- Joyce A. Tan & Partners
-
The Singapore Court of Appeal has affirmed that Singapore courts will take a more liberal approach when considering restrictive covenants in the context of a sale of business, compared to a situation where such covenants are contained in a contract of employment.
- Drew & Napier LLC
-
The Singapore Exchange Ltd (the “SGX”) has issued a public consultation paper which sets out proposed amendments to the Listing Manual of the Singapore Exchange Securities Trading Ltd (the “Listing Manual”). The proposals are the result of the SGX’s latest rule review. Such reviews are carried out annually to keep abreast of industry developments and to enhance the standards of the listed companies.
- Drew & Napier LLC
-
The Singapore High Court has ruled that a rise in prices of sand, caused by a ban on sand exports (the “sand ban”) by the Indonesian government in January 2007, did not constitute a force majeure event which would relieve a concrete supplier of its obligations to supply concrete to a construction company. The court also highlighted the importance of being clear and unequivocal when communicating one’s intention to terminate a contract.
- Drew & Napier LLC
-
Monetary Authority of Singapore (“MAS”) advocates that Islamic finance products shall receive similar regulatory treatments as the conventional finance products. However, MAS has not opted to have a separate Islamic finance regulatory regime that exists in parallel with the conventional framework. MAS accordingly serves as the driving force behind the change in the laws and regulations pertaining to the governance, validation and enhancement of Islamic finance transactions.
- Loo & Partners
-
The charging section in the Income Tax Act brings within Singapore’s taxing jurisdiction not only income that is sourced in Singapore, but also income which is received in Singapore from outside of Singapore. In the light of criticism against remittance of income as a basis for taxation and the persistent lobbying of businesses in Singapore, recent amendments to the Income Tax Act have been steadily chipping away at the remittance basis of taxation in Singapore.
- Drew & Napier LLC
-
The Income Tax (Amendment) (Exchange of Information) Bill (the “Bill”) has been introduced in Parliament. The Bill proposes to amend the Income Tax Act to bring the level of assistance Singapore can provide to foreign jurisdictions under Avoidance of Double Taxation Agreements (“DTAs”) in line with the Organization for Economic Cooperation and Development’s Standard on the exchange of information for tax purposes (the “Standard”)
- Drew & Napier LLC
-
The international regulation of mergers and joint ventures in 64 jurisdictions worldwide
- Drew & Napier LLC
-
The Singapore High Court has criticised the conduct of the Singapore branches of two foreign banks in failing to adhere to internal control mechanisms and accepted banking procedures in the verification of signatures on certified extracts of board resolutions. The court also provided valuable guidance on the steps banks could take to ensure the bona fides of such certified extracts.
- Drew & Napier LLC
-
(1) Singapore Competition Law Watch (2) Regional Focus - China (3) Regulatory Update (4) Industry News - Aviation - Petrochemical - Cement - Financial - IT - Others (5) Do you know?
- Drew & Napier LLC
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
-
On December 1, 2009, the Ministry of Justice announced amendments to the Commercial Code setting forth proposed legislation on poison pills. A poison pill is a defensive tactic used by companies to protect management rights in the event of a hostile takeover. It typically works by granting existing shareholders the right to increase their holdings by purchasing newly issued securities at a below-market price. Despite repeated requests from Korean conglomerates to allow poison pills as a management rights protection device, the introduction of poison pill legislation had been delayed due to conflicting views held among different government circles. The government authorities have, however, reached a consensus on the issue, culminating in the announcement of pending legislation by the Ministry of Justice.
– Kim & Chang
-
KUKA AG has reached an agreement with its lending banks on extending the debt financing within the scope of KUKA's restructuring.
– Hengeler Mueller
-
On March 8, 2010, The Bank of New York Mellon announced that it has agreed to acquire BHF Asset Servicing GmbH (BAS) from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR 253 million, subject to regulatory approvals.
– Hengeler Mueller
-
– Kim & Chang
-
Kim & Chang has a growing list of honors for its representation of clients across the globe, as well as for excellence in the legal profession.
Kim & Chang’s recent honors recognize many of its 700 professionals and practice groups.
– Kim & Chang
-
Hengeler Mueller has advised Landesbank Berlin AG (LBB) on the amendment to the act on the LBS Norddeutsche Landesbausparkasse Berlin-Hannover ("LBS-Nord-Gesetz"), a regional public building society.
– Hengeler Mueller
-
The "Highstreet" entities, owners of a portfolio of about 90 department stores let to insolvent German retailer Karstadt, have successfully restructured their financial debt obligations.
– Hengeler Mueller
-
– Kim & Chang
-
KF Fastigheter has acquired parts of the trade area Mobilia in Lund, and will together with Arne Paulssons Byggnads AB develop the area, including i.a. a Coop supermarket. KF Fastigheter has in connection herewith sold a larger property in central Lund to Paulssons. Mannheimer Swartling advised KF Fastigheter.
– Mannheimer Swartling
-
Mannheimer Swartling has advised the owners in the sale of Kaul GmbH and UK-affiliate, Capol UK Ltd., to The Riverside Company.
– Mannheimer Swartling