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The Singapore Exchange (SGX) has announced that its new board, GlobalQuote, which it has set up in collaboration with NASDAQ OMX Group Inc., will begin operation on 22 October 2010 with American Depository Receipts (ADRs) of 19 major Asian companies. Of these 19 companies, 9 are currently trading their ADRs in the US while the other 10 have listings in Hong Kong.

Discusses proposed amendments to the regulatory regime for fund managers in Singapore.

The Singapore High Court recently held a mortgagor liable under the mortgage for the debt incurred by the co-mortgagor arising from a separate guarantee given by that comortgagor to the mortgagee...

The Singapore High Court considered the status of security interests in commingled stock and whether the said security interests survived commingling.

The English Court of Appeal ("Court of Appeal") recently decided on an appeal brought by a borrower against a bank in relation to the validity of a loan restructuring on the grounds of intimidation, economic duress and breach of duty by the bank.

The mortgage only secures the initial JTC lease.

When a company holding a leasehold interest in a JTC property ("Lessee") runs into financial distress, the usual enforcement playbook employed by mortgagees or chargees, receivers appointed by mortgagees...

Warranties and indemnities are forms of contractual protection provided by a seller in a sale and purchase agreement. In agreeing to make the acquisition and in agreeing to the purchase price...

The Securities and Futures (Amendment) Act 2009 was passed by Parliament on 19 January 2009 ("SFAA") to amend the Securities and Futures Act ("SFA"). Following that, the Monetary Authority of Singapore ("MAS") issued a consultation paper on 16 April 2010 to invite comments on the proposed consequential amendments to the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 ("SFR"). The key proposed amendments to the SFR are summarised below.

Singapore has traditionally been a favourable jurisdiction for financiers to enforce their mortgage over vessels.

The Plaintiff brought the suit to recover the remaining sums under the Revised Credit Facilities.

Warranties and indemnities are forms of contractual protection provided by a seller in a sale and purchase agreement.

What appears to be a simple question is not as straightforward as one would think. One might take the view that it is just a matter of common sense whether something...

The proceeds of a judicial sale of a ship are normally paid according to the following order:

Bank creditors often take security in the form of guarantees or mortgages given by the borrower's parent or affiliated companies.

As noted in our June 2024 Legalseas "What is a "ship?" article, the summary of the "WORLD DREAM" Singapore High Court's judgments is summarised below.

This country-specific Q&A provides an overview of the legal framework and key issues surrounding restructuring and insolvency in Singapore.