The Legal 500

Legal Developments in Singapore

• HOT-TUBBING IN INTERNATIONAL ARBITRATION

  In this issue Hot-tubbing in International Arbitration…1 By Chia Voon Jiet Upcoming Amendments to the International Arbitration Act …………….. 3 By Chew Kiat Jinn & Mahesh Rai
  - Drew & Napier LLC

• FIRST THREE SETS OF GUIDELINES ISSUED UNDER MALAYSIAN COMPETITION LAW

  Five months after the Competition Act 2010 (“Act”) came into force on 1 January 2012, the Malaysia Competition Commission (“MyCC”) has issued the final version of three guidelines (collectively, “Guidelines”) it had previously made available for public consultation last year. The Guidelines comprise of the following:
  - Drew & Napier LLC

• gTLDs Update: Implications for Trade Mark Owners

  There are currently only 22 generic top level domains (gTLDs) in the world. A top level domain is the last part of a domain name (e.g. .com).
  - ATMD Bird & Bird LLP

• THE MALAYSIA COMPETITION COMMISSION ANNOUNCES QUANTUM OF FEES FOR EXEMPTION APPLICATIONS UNDER...

  THE COMPETITION ACT
  - Drew & Napier LLC

• TELECOMS, MEDIA & TECHNOLOGY UPDATE

  IDA ISSUES TELECOM COMPETITION CODE 2012 AND NEW TELECOM CONSOLIDATION AND TENDER OFFER GUIDELINES
  - Drew & Napier LLC

• IMPORTANCE OF RECORDINGS IN BANKING DISPUTES

  Crédit Industriel et Commercial v Teo Wai Cheong [2012] SGHC 94
  - Drew & Napier LLC

• REVISED CODE OF CORPORATE GOVERNANCE

  On 14 June 2011, the Corporate Governance Council (“Council”) issued a consultation paper with proposed revisions to the Code of Corporate Governance (“Code”). Please click here to refer to Drew & Napier LLC’s update on that consultation.
  - Drew & Napier LLC

• Bad faith established

  In P.T. Swakarya Indah Busana v Haniffa Pte Ltd and another [2012] SGHC 69, the Plaintiff sought to invalidate the Defendants’ 15 “Martin” formative trade marks (“the Challenged marks”) on grounds that the marks were registered in bad faith (section 7(6) read with section 23(1) of the Trade Marks Act (the “Act”), and that there was fraud in the registrations or the registrations were obtained by misrepresentation (section 23(4) of the Act).
  - ATMD Bird & Bird LLP

• Finders are not always keepers

  The recent decision of the Singapore High Court (“the Court”) in the appeal of Wong Seng Kwan v Public Prosecutor [2012] SGHC 81 (“Wong”) clarifies the law relating to the obligations of a person who finds lost property (“a Finder”).
  - ATMD Bird & Bird LLP

• The invocation of a civil penalty enforcement action

  On 11 April 2012, The Monetary Authority of Singapore (MAS) announced that it took a civil penalty enforcement action against Mr Lau Kee Swan for contravening section 201(b) of the Securities and Futures Act (SFA), which prohibits the employment of manipulative and deceptive devices in connection with the subscription, purchase or sale of securities.
  - ATMD Bird & Bird LLP