ArticleBanking & Finance 2nd Edition Country Comparative GuideOur Partner Eric Chan contributed to the Singapore Chapter of The Legal 500SingaporeFinance and BankingShook Lin & Bok
ArticleFinancing The Circular Economy – Why, What & How This article provides an overview of what a circular economy is, and some of the considerations for financing the transition to a circular economy. SingaporeEnvironmentShook Lin & Bok
ArticleLIBOR Discontinuation – Recent Developments (USD SOFR/SGD SORA) And The Way AheadThe United Kingdom's Finance Conduct Authority ("FCA") announced in 2017 that it will no longer encourage or compel panel banks to submit to the London Interbank Offered Rate ("LIBOR") after 2021. WorldwideFinance and BankingShook Lin & Bok
ArticleSingapore Apex Court To Issue Grounds Of Decision Clarifying The Juridical Nature Of Shipping Liens Over Sub-FreightsOn 5 March 2018, a five-member Court of Appeal (comprising the Honourable Chief Justice Sundaresh Menon and the Honourable Judges of Appeal Andrew Phang Boon Leong, Judith Prakash, Steven Chong and Tay Yong Kwang) ...SingaporeTransportShook Lin & Bok
ArticleAfterword On Amendments To The Companies Act (From A SGX-Listed Issuer Perspective)On 8 October 2014, Parliament passed the Companies (Amendment) Bill 2014 to the Companies Act (the "Act"). SingaporeCorporate/Commercial LawShook Lin & Bok
ArticleMAS Extends Transition Period For AML/CFT Requirements Applicable To Persons Providing Account Issuance Services Who Are Exempted Under The Payment Services (Exemption For Specified Period) Regulations 2019The Monetary Authority of Singapore ("MAS") has on 11 February 2021 published Notice PSN01AA on Prevention of Money Laundering and Countering the Financing of Terrorism. SingaporeGovernment, Public SectorShook Lin & Bok
ArticleMAS Proposes Change To The Industry – Wide Borrowing Limit For Unsecured CreditOn 30 September 2016, the Monetary Authority of Singapore issued a consultation paper inviting comments on a proposed change to the industry–wide borrowing limit for unsecured credit. SingaporeFinance and BankingShook Lin & Bok
ArticleThe State Administration Of Foreign Exchange Of China ("SAFE") Eases Certain Restrictions On Repatriation Of Offshore Loan Proceeds Into PRCOn 26 January 2017, SAFE issued the Notice on Further Improving the Reform of Foreign Exchange Administration and Review of Veracity and Compliance (the "Notice"). SingaporeFinance and BankingShook Lin & Bok
ArticleInstant Messaging – Efficiency At A CostThis resulted in the bank being unable to record and retain important communications regarding wholesale energy trading. United KingdomEnergy and Natural ResourcesShook Lin & Bok
ArticleThe Panama Papers Leak: Implications For Organisations And Individuals In SingaporeSo far, media coverage has largely been on the revelation of the use of secretive offshore companies by various political personalities, celebrities and their family members to hide their wealth from prying eyes.SingaporeWealth ManagementShook Lin & Bok
ArticleNew Regulatory Regime In Singapore For Venture Capital Fund ManagersFollowing a consultation initiated in February 2017, the Monetary Authority of Singapore ("MAS") has late last week moved quickly to introduce into Singapore law a new regulatory regime for fund managers...SingaporeCorporate/Commercial LawShook Lin & Bok
ArticleEmployment Act Public ConsultationThe Employment Claims Tribunal ("ECT") was established in April 2017 to facilitate the resolution of salary-related employment disputes while appeals against unfair dismissals are heard by the MOM. SingaporeEmployment and HRShook Lin & Bok
ArticleMAS Introduces Green And Sustainability-Linked Loan Grant SchemeOn 24 November 2020, the Monetary Authority of Singapore ("MAS") announced the launch of its grant scheme for green and sustainability-linked loans ("SLLs"), effective as of 1 January 2021.SingaporeFinance and BankingShook Lin & Bok
ArticleImpact Of Sanctions Clauses On Letters Of Credit – Kuvera Resources v JP Morgan [2023]Sanctions clauses in letters of credit can cause payment uncertainty for parties involved in international trade. The Singapore Courts recently considered the validity and enforceability of a sanctions clause in a letter of credit. SingaporeInternational LawShook Lin & Bok
ArticleMAS Consults On Regulatory Approach To Payment Tokens Based DerivativesMAS has on 20 November 2019, published a consultation paper inviting public feedback on its proposal to include, within the regulatory scope of the Securities and Futures Act (Chapter 289), derivatives that are ...SingaporeFinance and BankingShook Lin & Bok
ArticleMAS Proposes Changes To AML/CFT Requirements For Licensed Money-Changers And Remittance BusinessesOn 16 January 2018, the Monetary Authority of Singapore ("MAS") issued a consultation paper inviting comments on its proposal to amend anti-money laundering ...SingaporeGovernment, Public SectorShook Lin & Bok
ArticleThe Chem Orchid: Proper Termination Of A Bareboat Charter PartyThe recent decision of Justice Steven Chong addresses certain important issues which are of practical significance to ship-owners and bareboat charterers alike.SingaporeTransportShook Lin & Bok
ArticleChanges Coming Into Force On 1 July 20172017 has seen many changes to the employment law of Singapore. These include, amongst others, the implementation of a two week paternity leave for fathers of newborns and the establishment of an Employment Claims Tribunal. SingaporeEmployment and HRShook Lin & Bok
Article"All-Moneys" Mortgage – Obligations Of A Co-MortgagorThe 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... SingaporeFinance and BankingShook Lin & Bok
ArticleSingapore High Court Interprets The Scope Of An Individual's Right To Bring A Private Action To Enforce A Contravention Of The Personal Data Protection Act 2012The defendant was a former employee of a fund management company. SingaporePrivacyShook Lin & Bok