Significant Investments Review Bill: Singapore’s Approach to Scrutinize Investment Activity and comparison to prior reforms in Australia
Introduction to Singapore’s FDI regime Reflective of its status as an international financial and business hub, Singapore recorded inward direct investment flows of $195 billion in 2022,
Navigating dispute resolution and cross-border enforcement in disputes with Chinese parties: Legal frameworks and strategies
Summary The use of mixed-mode dispute resolution processes offers flexibility to parties in the resolution of disputes and continues to be used in international commercial agreements.
Singapore moves to regulation of collective management organizations
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC. On 31 October 2023, the Copyright (Collective Management Organisations) Regulations 2023 (“Regulations”) were enacted pursuant to the Copyright Act 2021 and will take effect from 1 May 2024.
Assigning rights where a contract contains a non-assignment clause
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC. The High Court of Singapore has recently decided that a non-assignment clause in a contract did not prohibit the assignment of non-contractual (or tortious) rights arising out of or in connection with the contract. This article …
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Singapore corporate regulator plans changes to stiffen AML prevention
This article is produced by CMS Holborn Asia, a Formal Law Alliance between CMS Singapore and Holborn Law LLC. Introduction Amidst a high-profile money laundering investigation involving (currently) at least S$2.8 billion in domestic assets, Singapore’s government has recently announced plans to introduce additional measures to strengthen Singapore’s anti-money laundering (“AML”) regime.[1]
Expanding the scope of digital oath taking in Singapore
The Oaths, Declarations and Notarisations (Remote Methods) Bill was passed in Parliament on 2 August 2023.
Roadmap to Terminate the SGD Cheque Truncation System Eliminating Corporate Cheques by 2025 (MAS’ response to feedback received)
Introduction As part of its Smart Nation Vision, Singapore aims to transition into an innovative e-payments society where everyone has easy access to swift, simple and secure payments.