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Company Tax Residency Status In A Time Of COVID-19
IRAS has therefore released a COVID-19 Support Measures and Tax Guidance (‘Guidance Note') on 28 October 2020 to help address 2 specific issues.
Withers LLP
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COVID-19 Singapore: Government Proposes Monumental Temporary Relief From Commercial Disputes
The Ministry of Law in Singapore has announced that it will introduce a bill to the Parliament next week to offer temporary relief to businesses and individuals who are unable to fulfil their...Clyde & Co - Article
Critical Issues In Construction: COVID-19, Its Impact On Construction Companies, And The COVID-19 (Temporary Measures) Act 2020
The COVID-19 pandemic has had an enormous impact on various industries worldwide.CNPLaw LLP - Article
A Guide To Opening A Holding Company In Singapore
Why are holding company structures so popular in Singapore? Why are so many foreign SMEs and multinationals using this structure? Our guide explores the distinct features of a holding company, the eligibility criteria, and benefits...Hawksford - Article
Exorcising Phantom Shares In Singapore
Companies seeking to incentivise (or compensate) employees are faced with a multitude of options. When structured properly, employee stock option plans can lead to alignment of interests...Taylor Vinters Via LLC - Article
How Pre-IPO Trusts Can Protect Assets Before, During And After Listing
For entrepreneurs and business owners, placing shares in a trust ahead of an IPO can provide valuable peace of mind during a complex transaction.Ocorian - Article
Lodgement Of The Register Of Registrable Controllers With ACRA
Keeping in line with international practices, the Accounting and Corporate Regulatory Authority ("ACRA") of Singapore will require all companies incorporated in Singapore, ...CNPLaw LLP - Article
Monetary Authority Of Singapore Issues Consultation On Rules For Exemption Framework For Cross-Border Business Arrangements With Foreign Related Corporations
On March 15, 2021, the Monetary Authority of Singapore (MAS) issued a Consultation Paper on Proposed Exemption Framework for Cross-Border Business Arrangements of Capital Markets...Sidley & Austin - Article
Proposed Changes To MAS Exemptions For Cross Border Business
On 4 December 2018, MAS published a consultation paper proposing changes to the exemption framework for business arrangements between financial institutions and their foreign related corporations.Reed Smith (Worldwide) - Article
Singapore's ACRA Enhances Online Services During COVID-19 Lockdown
Singapore's Accounting and Corporate Regulatory Authority (ACRA) has provided several measures to improve its online services during the lockdown.Dezan Shira & Associates - Article
Singapore Enhances ESG Ecosystem With Launch Of The ESG Impact Hub And ESGenome
Singapore recently launched two ESG initiatives to accelerate the growth of a "vibrant and robust" ESG ecosystem in the city state.Mayer Brown - Article
Singapore Entities Must Record ‘Nominee Shareholders' And Identify ‘Executive Controllers'
The compliance deadline for both is 5 December 2022. Fines for non-compliance are up to SGD5,000 per offence.The Sovereign Group - Article
Singapore Regulator Prioritizes TCFD, Diversity And ESG Metrics In New Disclosure Rules And Guidance
On December 15, 2021, the Singapore Exchange (SGX) responded to two consultations addressing a range of ESG-related topics that could significantly change the ESG reporting landscape for listed companies in Singapore.Mayer Brown - Article
Guide Published To Assist SGX-Listed Issuers In Conducting Internal Review Of Sustainability Report
Since 2016, issuers listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") have been required to issue a sustainability report for each financial year ("FY").Rajah & Tann - Article
SGX RegCo Publishes Cyber Incident Response Guide For SGX-Listed Companies
In October 2022, the Singapore Exchange Regulation ("SGX RegCo") published the Cyber Incident Response Guide ("Guide") to provide guidance on the best practices which are pertinent...Rajah & Tann - Article
Singapore Proposes Retail Access To Private Market Funds
The Monetary Authority of Singapore (MAS) has proposed a Long-Term Investment Fund (LIF) framework to allow retail investors to access...Dechert - Article
The Proposed SGX–Nasdaq Listing Bridge: Structuring Considerations For International Issuers
Singapore and the United States have announced a landmark initiative to establish a regulatory bridge between SGX and Nasdaq, aimed at simplifying dual listings across the two markets.Conyers - Article
Can A Shareholder Or Contributory Oppose A Creditor's Winding Up Application?
In the course of corporate insolvency, there are certain obstacles that must be navigated in order to progress from initiating a winding up application to the actual winding up of the company.Rajah & Tann - Article
Singapore Court Of Appeal Holds That Foreign Liquidation Proceedings Involving Solvent Companies Are Within The Scope Of Singapore's Adaptation Of The UNCITRAL Model Law On Cross-Border Insolvency
In June 2023, Setia Law's Bethel Chan and Lee Jin Loong published an article discussing the Singapore Court's treatment of foreign solvent liquidations under the UNCITRAL Model Law on Cross-border Insolvency in Re Ascentra Holdings, Inc [2023] SGHC 82.Setia Law - Article
Court Of Appeal Affirms Omni Bridgeway Cost Undertaking Was Good Security For Singapore Litigation Proceedings
The Singapore Court of Appeal has upheld a decision by the Singapore High Court that a costs undertaking given by Omni Bridgeway was an adequate form of security for costs.Omni Bridgeway
