30 March 2021
Download PDF
Competition
IMDA conducts second consultation on draft Code of Practice for Competition in the Provision of Telecommunication and Media Services
Antitrust in Singapore: 2020 in Review
Corporate / M&A
Electronic Transactions Act amended on 19 March 2021 to include electronic transferable records
SGX RegCo allows Mainboard issuers up to 31 December 2021 to seek or renew enhanced share issue limit amid Covid-19
ACRA updates practice on (1) annual filing for foreign companies and (2) applications for reliefs under the Companies Act for local and foreign companies
Dispute Resolution
Singapore Court of Appeal holds that there is no fall-back role for lex fori when determining which law governs a contract where the contract’s existence is in dispute
Employment
MOM to require Dependant’s Pass holders who wish to work to apply for work pass from 1 May 2021
Financial Regulatory
MAS consults on proposed exemption framework for cross-border business arrangements of capital markets intermediaries involving foreign offices
Regulations on complaints handling and resolution for financial advisory firms to take effect on 3 January 2022, MAS issues response to feedback from consultation on policy proposal
MAS issues paper on managing risks of remote working in financial institutions
Public Policy
Singapore-Indonesia Bilateral Investment Treaty enters into force
Restructuring & Insolvency
The requirement of “feasibility” for moratorium applications under the new Insolvency, Restructuring and Dissolution Act
Regional News
Malaysia
Malaysia amends Financial Services Act 2013, Islamic Financial Services Act 2013 and Development Financial Institutions Act 2002 to permit additional disclosures
Malaysia’s emergency ordinance on fake news in force from 12 March 2021
Malaysia amends Employees’ Minimum Standards of Housing, Accommodations and Amenities Act 1990
Malaysia Competition Commission imposes RM10.3 million fine against Dagang Net
Federal Court of Malaya holds arbitrator may draw on own knowledge and expertise to determine loss of profit suffered by subcontractor owing to wrongful termination of contract
Indonesia
Indonesia issues new “positive investment list”, replacing the “negative investment list”
Against all odds: Soemadipradja & Taher in Indonesia helps secure a win for PT Astra Honda Motor in a competition complaint initiated by KPPU
Employment termination under Indonesia law: What is different under the February 2021 Government Regulation?
Vietnam
Vietnam issues guidance on implementation of Law on Securities 2019
Vietnam issues policies and incentives in support of science and technology enterprises
Publications
Practical Law Cross-border Commercial Transactions: Sponsorship Q&A
Practical Law Cross-border Commercial Transactions: Confidentiality Q&A
Practical Law Cross-border Commercial Transactions: Memorandum of understanding Q&A
The Cartels and Leniency Review (9th Ed, 2021)
CDR Essential Intelligence - Fraud, Asset Tracing & Recovery
Deals
Issue of S$250 million sustainability-linked notes under the US$1 billion multicurrency debt issuance programme of Surbana Jurong Private Limited
Issue of US$600 million notes by Agricultural Bank of China Limited
Issue of S$900 million notes by Housing and Development Board
S$280.9 million acquisition of Caldecott Broadcast Centre, Andrew Road, in Singapore by PRE 10 Pte. Ltd.
News
Allen & Gledhill establishes two new Practices, and expands two specialist Practices to help clients seize new opportunities arising from the new normal
Awards & Rankings
Allen & Gledhill maintains top tier ranking in the Asia IP Copyright Survey 2021 rankings
Allen & Gledhill named Most Innovative National Law Firm of the Year (Singapore) at the IFLR Asia-Pacific Awards 2021
