ArticleJudicial Sale Of Ships – Order Of Priorities And Lessons For MortgageesThe proceeds of a judicial sale of a ship are normally paid according to the following order: SingaporeTransportShook Lin & Bok
ArticleMAS Proposes Transition Planning Guidelines For Financial InstitutionsThis update provides a brief overview of the proposed TPG.SingaporeFinance and BankingShook Lin & Bok
ArticleMAS Publishes Response To Feedback Received On Enhancing Pre And Post-Transaction Safeguards For Retail ClientsOn 24 August 2023, the Monetary Authority of Singapore ("MAS") published its response to feedback received on its consultation paper to enhance pre and post-transaction safeguards for retail clients served by financial advisory representatives.SingaporeGovernment, Public SectorShook Lin & Bok
ArticleSocial Financing In A Time Of Pandemic TurmoilThe Covid-19 pandemic is rooted in environmental crisis, including in particular the anthropogenic degradation of biodiversity. SingaporeCoronavirus (COVID-19)Shook Lin & Bok
ArticleMAS Consultation Paper I On Draft Regulations Pursuant To The Securities And Futures Amendment ActThe Monetary Authority of Singapore has issued a consultation paper inviting comments on proposed new regulations that implement some of the key changes to the regulatory framework of the SFA...SingaporeFinance and BankingShook Lin & Bok
ArticleMAS Proposes Changes To Payments Regulatory Framework And Establishment Of A National Payments CouncilOn 25 August 2016, the Monetary Authority of Singapore issued a consultation paper proposing changes to streamline the regulatory framework and governance model for Singapore's payments and remittance landscape.SingaporeFinance and BankingShook Lin & Bok
ArticleProhibition Orders In Singapore: An IntroductionAs a preliminary point, it should be noted that the PO regime generally applies to both individuals and legal entities. SingaporeFinance and BankingShook Lin & Bok
ArticleLetters Of Credit Incorporating UCP 600: Examining The Relationship Of The Banks InvolvedThe nature of the relationship between the issuing bank and the nominated bank, in a letter of credit arrangement incorporating the Uniform Customs and Practice for Documentary Credits 600, was put under the microscope. SingaporeLitigation, Mediation & ArbitrationShook Lin & Bok
ArticleJudicial Management – The Effect Of Creditors' Third-Party Security On Their Voting RightsBank creditors often take security in the form of guarantees or mortgages given by the borrower's parent or affiliated companies.SingaporeFinance and BankingShook Lin & Bok
ArticleCarey Olsen Starts Building Out Singapore Litigation Practice With New AppointmentCarey Olsen has added to its Singapore litigation, insolvency and restructuring practice with the recruitment of associate Amelia Tan.SingaporeInsolvency/Bankruptcy/Re-StructuringCarey Olsen
ArticleThe House Of Cards That Came Tumbling Down: Singapore Court Of Appeal Sets Aside Order Sanctioning Schemes Of ArrangementThe CA held that the rejection of the JEI Proposal should have been disclosed and it was difficult to believe that the Scheme Companies were unaware of the same.SingaporeLitigation, Mediation & ArbitrationShook Lin & Bok
ArticleTransition Bonds: Financing For A Greener Shade Of BrownGreen bonds have come a long way in the last decade with increasing demand from investors looking to align their investments with the Sustainable Development Goals...SingaporeEnergy and Natural ResourcesShook Lin & Bok
ArticleMinistry Of Law Consults On Proposed Anti-Money Laundering Regime For Dealers In Precious Stones And Precious MetalsOn 17 July 2018, the Ministry of Law announced that it will put in place a new anti-money laundering and countering the financing of terrorism regulatory regime for precious stones and metals dealers in Singapore.SingaporeGovernment, Public SectorShook Lin & Bok
ArticleHow An RTO Achieves A Win-Win For AllThis would imply substantial savings in expenses otherwise associated with underwriting and book-building.SingaporeCorporate/Commercial LawShook Lin & Bok
ArticleMAS Publishes Two Consultation Papers And A Consultation Response Relating To Digital Payment Token ServicesOn 3 July 2023, the Monetary Authority of Singapore ("MAS") published two consultation papers and a consultation response relating to digital payment token ("DPT") services. SingaporeFinance and BankingShook Lin & Bok
ArticleCleaning Up The International Trade In ‘Dirty' Plastic WasteThe Hazardous Waste (Control of Export, Import and Transit) (Amendment) Bill ("Amendment Bill")1 was read in Parliament for the first time on 6 January 2020. SingaporeEnvironmentShook Lin & Bok
ArticleMAS Publishes Response To Feedback Received On Draft Notices On Competency Requirements For Representatives Conducting Regulated Activities Under The Securities And Futures And Financial Advisers ActOn 28 September 2023, MAS published its response to feedback received on its consultation paper on draft notices on the competency requirements for representatives conducting regulated activities under the SFA and FAA.SingaporeFinance and BankingShook Lin & Bok
ArticleVic Is Coming To Town – The Singapore Variable Capital Companies FrameworkBack in 2016, the Singapore government announced that a new flexible investment fund structure called OEIC will be introduced. SingaporeCorporate/Commercial LawShook Lin & Bok
ArticleChanges To The Electronic Transactions Act ("ETA") – Impact On Corporate Lending And Taking Of SecurityThe ETA was introduced in 2010 and provides for electronic versions of documents to be legally recognised as equivalent to their hard-copy counterparts. SingaporeFinance and BankingShook Lin & Bok
ArticleMAS Publishes New Regulations For Complaints Handling And Resolution Relating To Financial Advisory FirmsBecause the FA(CHR)Regs only apply to complaints received by FA firms from retail clients, clients who are accredited investors ("AIs") would not benefit from the regime of the FA(CHR)Regs.SingaporeFinance and BankingShook Lin & Bok