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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Legal Developments Worldwide

Articles contributed by Selvam LLC

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AJU v AJT: Drawing the Line for Judicial Intervention in Arbitral Awards

January 2012 - Litigation & Dispute Resolution. Legal Developments by Selvam LLC.

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I. Introduction This article looks at the recent Singapore Court of Appeal decision in AJU v AJT, [2011] SGCA 41. The case involved considerations of public policy and the extent of judicial review in arbitral awards. In a resonating decision, the Court of Appeal affirmed its minimal interventionist approach. This reinforces Singapore‟s position as a leading arbitration centre by upholding the finality of arbitral proceedings.

Singapore Government Imposes Additional Buyer’s Stamp Duty for Residential Properties

January 2012 - Real Estate & Property. Legal Developments by Selvam LLC.

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On 7 December 2011, the Inland Revenue Authority of Singapore (“IRAS”) issued an e-Tax guide entitled “Stamp Duty: Additional Buyer’s Stamp Duty (ABSD) on Purchase of Residential Properties” (“IRAS Circular”)1 to provide guidance on the application of the new additional buyer's stamp duty (“ABSD”) on certain categories of residential property purchases, following the Singapore government’s recent announcement on the imposition of the ABSD requirement to moderate investment demand for private residential property and promote a more stable and sustainable market.

LATEST DEVELOPMENTS IN CORPORATE GOVERNANCE REGIME FOR SINGAPORE

December 2011 - Corporate & Commercial. Legal Developments by Selvam LLC.

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2011 was a year of significant developments in the corporate governance regime in Singapore. In June, the Corporate Governance Council (the “Council”) released a consultation paper on the proposed revisions to the Code of Governance (the “Code”). In September, the Singapore Exchange Securities Trading Limited (“SGX”) followed with amendments to its listing rules (the “Rules”). This article seeks to discuss some of the major changes in the Code and the Rules.