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  • Article

    Sanctions Clauses In Documentary Credit Transactions: A Cautionary Tale

    In Kuvera Resources Pte Ltd v JPMorgan Chase Bank, N.A. [2023] SGCA 28, the Singapore Court of Appeal held that a confirming bank was not entitled to deny payment to the beneficiary...
    SingaporeLitigation, Mediation & Arbitration
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Sham Trusts And Illegality Defence: Singapore High Court Clarifies Test For Illegality In Context Of Trusts

    In Lau Sheng Jan Alistair v Lau Cheok Joo Richard and Sng Gek Hong Cynthia [2023] SGHC 196, the applicant, the sole beneficiary of an irrevocable trust created by his parents over landed property, ...
    SingaporeLitigation, Mediation & Arbitration
WongPartnership LLP
WongPartnership LLP
  • Article

    BCA Further Extends Ex-Gratia Cost Sharing For Diesel And Bitumen Until 31 December 2026

    Singapore's Building and Construction Authority has extended ex-gratia cost sharing for diesel and bitumen in critical public sector construction contracts through December 2026, responding to ongoing Middle East conflict impacts. WongPartnership's construction law experts provide analysis of the circular's key features and implications for affected contractors.
    SingaporeReal Estate and Construction
    WongPartnership LLP
    WongPartnership LLP
  • Article

    MAS Consults On Updated Corporate Governance Requirements For Banks And Insurers

    This page appears to be a security verification checkpoint that temporarily blocks access while validating the incoming request. The system implements protective measures to distinguish legitimate users from automated traffic or potential security threats.
    SingaporeTechnology
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Write-Down Of Credit Suisse's AT1s – A Singapore Perspective

    There has been much ado about additional Tier 1 instruments (AT1s) in the wake of the wipeout of CHF16 billion worth of AT1s issued by Credit Suisse Group AG (Credit Suisse)...
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Parties Remain Entitled To Documents Referred To In Pleadings Before Single Application Pending Trial, Singapore High Court Rules

    In Interactive Digital Finance Ltd and another v Credit Suisse AG and another [2023] SGHC 198, the General Division of the Singapore High Court (High Court) reaffirmed the principle that parties are
    SingaporeLitigation, Mediation & Arbitration
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Section 10L – Taxation Of Gains From Sale Of Foreign Assets

    A new section 10L of the Income Tax Act 1947 (Section 10L), which treats as income chargeable to tax any gains from the sale or disposal of foreign assets by an entity of a relevant group if the gains...
    SingaporeTax
    WongPartnership LLP
    WongPartnership LLP
  • Article

    MAS Guidelines For Financial Institutions On Transition Planning For A Net Zero Economy

    The Monetary Authority of Singapore ("MAS") recently published a series of Consultation Papers relating to a proposed set of Guidelines on Transition Planning, ...
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Singapore Carbon Tax Regime: Eligibility Criteria For International Carbon Credits

    The Ministry of Sustainability and the Environment and the National Environment Agency have recently announced the eligibility criteria under the International Carbon Credit framework...
    SingaporeEnvironment
    WongPartnership LLP
    WongPartnership LLP
  • Article

    MAS Enforcement Report 2022/2023

    The Monetary Authority of Singapore ("MAS") has recently issued its 4th Enforcement Report. The report details MAS' enforcement actions taken from January 2022 to June 2023 against financial institutions...
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Repeal Of Regulatory Regime For Registered Fund Management Companies

    The Monetary Authority of Singapore ("MAS") has just published a consultation paper on its proposal to repeal the registered fund management company ("RFMC") regime.
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Singapore's Proposed Significant Investments Review Bill – A Targeted Approach To National Security Screening

    The Ministry of Trade and Industry has announced that it will introduce a new investment management regime to ensure the continuity of critical entities which are not currently adequately covered...
    SingaporeGovernment, Public Sector
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Singapore High Court Orders Specific Performance To Compel Compliance With Obligation To Mediate Disputes

    Can a party be compelled to mediate? Mediation, a form of alternative dispute resolution, is a process in which a neutral third party attempts to help the parties reach a mutually satisfactory solution...
    SingaporeLitigation, Mediation & Arbitration
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Singapore High Court Reduces Sentence In COVID-19 Vaccination Cheating Offence

    In Newton, David Christopher v Public Prosecutor [2023] SGHC 266, a case involving the appellant's attempt to deceive the health authorities that he was vaccinated against COVID-19 when in fact he was not, the General Division of the High Court of Singapore (High Court).
    SingaporeLitigation, Mediation & Arbitration
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Letters Of Credit: Banks Successfully Prove Fraud Exception Where Beneficiary Recklessly Made False Representations

    In Winson Oil Trading Pte Ltd v Oversea-Chinese Banking Corp Ltd and another suit [2023] SGHC 220, the General Division of the High Court of Singapore (High Court), in examining the fraud exception...
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Data Protection Quarterly Updates (July – September 2023)

    The Personal Data Protection Commission (PDPC) published four decisions between July and September 2023 after concluding the following investigations...
    SingaporePrivacy
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Europe: ESMA Publishes Final Report on Proxy Advisors

    ESMA has also drafted a set of principles for the development of a Code of Conduct for the proxy advisory industry.
    SingaporeFinance and Banking
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Recent Notable Developments In Foreign Investment And National Security Screening Regimes

    In remarks to the media at the sidelines of the Ministry of Trade and Industry's annual economic dialogue on 28 August 2023, Mr Gan Kim Yong, Minister for Trade and Industry indicated that Singapore...
    SingaporeGovernment, Public Sector
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Anti-Counterfeiting Trade Agreement

    Singapore is one of 8 countries which signed the Anti-Counterfeiting Trade Agreement (ACTA) on 1 October 2011.
    SingaporeIntellectual Property
    WongPartnership LLP
    WongPartnership LLP
  • Article

    Proposed Enhancements To The E-Payments User Protection Guidelines And Shared Responsibility Framework

    Two consultation papers relating to the protection of e-payments users were published on 25 October 2023.
    SingaporeMedia, Telecoms, IT, Entertainment
    WongPartnership LLP
    WongPartnership LLP
  • Showing 1–20 of 34 results

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