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  • Article

    Tripartite Guidelines On Union Representation For Executives

    On November 26, 2014, the Ministry of Manpower, the Singapore National Employers Federation, and the National Trades Union Congress jointly released a set of guidelines on extending and expanding the scope of union representation for executives.
    SingaporeEmployment and HR
    Jones Day
    Jones Day
  • Article

    ACRA: Singapore Watchdog Penalises Late Company Filing

    According to ACRA's statutory requirement, a company must conduct an AGM within 15 months of the previous AGM or within 18 months for newly incorporated companies.
    SingaporeCorporate/Commercial Law
    Vistra
    Vistra
  • Article

    Extension Of Time To Hold Annual General Meetings ("AGMs") And Issue Annual Reports For Listed Companies

    The SGX RegCo announced on 7 April 2020 that it will automatically extend by 60 days the deadline for all issuers with financial year-end on or before 31 March 2020
    SingaporeCorporate/Commercial Law
    CNPLaw LLP
    CNPLaw LLP
  • Article

    Jacqueline Chan Provides Guidance For Distressed Scenarios In Uncertain Times To Corporate Governance Professionals

    On May 20 and May 22, partner Jacqueline Chan, together with managing director of FTI Consulting Ellyn Tan, presented a two-part series of webinars to members of the Singapore Institute of Directors.
    SingaporeInsolvency/Bankruptcy/Re-Structuring
    Milbank
    Milbank
  • Article

    Three Individuals Found Not To Be De Facto Directors

    In this case, the High Court gives useful guidance on when individuals may be found to be "de facto" directors.
    SingaporeCorporate/Commercial Law
    Clyde & Co
    Clyde & Co
  • Article

    From Stockholders To Stakeholders

    Thanks to Scott, Sarah and Francisco for their recent and thoughtful piece on the growing dichotomy between ESG and directors' duties. The article reminds me of the debate handily...
    SingaporeCorporate/Commercial Law
    Norton Rose Fulbright Hong Kong
    Norton Rose Fulbright Hong Kong
  • Article

    Singapore Consults On New Corporate Service Providers Bill

    Singapore's Ministry of Finance (MOF) and Accounting & Corporate Regulatory Authority (ACRA) jointly proposed, on 12 March, a new Corporate Service Providers (CSP) Bill to enhance the regulatory...
    SingaporeCorporate/Commercial Law
    The Sovereign Group
    The Sovereign Group
  • Article

    Understanding The Role Of A Company Director

    Under the Companies Act, every company in Singapore is required to have at least one director who resides in the country. If a company has only one member, the sole director can also act as the sole member.
    SingaporeCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    Changes To Directors’ Duties In Singapore

    Significant changes to the Singapore Companies Act (CA) are expected to come into force in the second quarter of 2015 by way of the Companies (Amendment) Act 2014 (Amendment Act).
    SingaporeCorporate/Commercial Law
    Clyde & Co
    Clyde & Co
  • Article

    Chan Siew Lee Jannie V Australia And New Zealand Banking Group Ltd [2016] SGCA 23 - Whether "Third Party Security" Has To Be Specified In A Statutory Demand

    The Appellant is a shareholder and director of Timor Global LDA ("TG"). The Respondent, the Australia and New Zealand Banking Group Ltd, had extended banking facilities in the sum of $7.8 million to TG.
    SingaporeInsolvency/Bankruptcy/Re-Structuring
    Shook Lin & Bok
    Shook Lin & Bok
  • Article

    Important Updates For Directors And Company Secretaries In Singapore

    Singapore's government has made important updates to the Singapore Companies Act, which include a tougher regulatory stance and new enforcement actions.
    SingaporeCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    2015 – Changes Which Influence Businesses

    I have decided that I should be writing the firm's annual newsletter after Chinese New Year, when everyone is more settled and it will not be snowed under by the rounds of e-greetings.
    SingaporeCorporate/Commercial Law
    George Hwang LLC
    George Hwang LLC
  • Article

    Delay In Implementation Of Part Of Companies (Amendment) Act 2014

    In April 2015, ACRA announced that the amendments to the Companies Act will be implemented in two phases due to a delay.
    SingaporeCorporate/Commercial Law
    Arielle Law Corporation
    Arielle Law Corporation
  • Article

    Safeguarding The Privacy Of Directors, CEOs And Company Secretaries In Singapore

    If they haven't already, companies in Singapore should look to register alternate addresses for their directors, chief executive officers and company secretaries.
    SingaporeCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    Serious Consequences For Incorrect Business Classification In Singapore

    A key element in the incorporation/registration process with the Accounting and Corporate Regulatory Authority (ACRA) involves submitting the appropriate Singapore Standard Industrial Classification
    SingaporeCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    SGX Consultation On Enhancements To Sustainability Reporting

    On 26 August, the Singapore Exchange (SGX) released two consultation papers on its plans for enhancing its current sustainability reporting regime.
    SingaporeCorporate/Commercial Law
    Shook Lin & Bok
    Shook Lin & Bok
  • Article

    SGX Issues Consultation Paper For A Possible Listing Framework For Dual Class Share Structures

    The permissibility of DCS structures is a matter of considerable public debate. On one hand, there is the risk that shares with multiple votes can be used to severely undermine minority interests.
    SingaporeCorporate/Commercial Law
    Shook Lin & Bok
    Shook Lin & Bok
  • Article

    Singapore High Court Finds A Director Of A Holding Company In Breach Of His Fiduciary Duties By Usurping Subsidiary's Business

    1. In OOPA Pte Ltd v Bui Sy Phong [2021] SGHC 142 ("OOPA"), the Singapore High Court held that in the context of group companies, a director of a holding company can be in breach...
    SingaporeCorporate/Commercial Law
    Oon & Bazul
    Oon & Bazul
  • Article

    Wider Adoption Greater Goal For Singapore VCC

    Singapore's Variable Capital Company is now in its third year and gaining market traction, with considerable financial incentives for qualifying managers.
    SingaporeCorporate/Commercial Law
    Maples Group
    Maples Group
  • Article

    SGX RegCo Proposes To Mandate Tenure Limit On IDs & Disclosure Of Directors' And CEOs' Remuneration Details

    The Singapore Exchange Regulation ("SGX RegCo") is conducting a public consultation on the following changes to institute better corporate governance practices relating to board renewal...
    SingaporeCorporate/Commercial Law
    Rajah & Tann
    Rajah & Tann

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