25 August 2023
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Competition
CCCS consults on proposed Guidance Note on Business Collaborations Pursuing Environmental Sustainability Objectives
Corporate / M&A
Bills to facilitate electronic statutory declarations, oaths and affirmations, and notarisations passed
Cybersecurity & Data Protection
PDPC consults on proposed Advisory Guidelines on (1) Use of personal data in AI recommendation and decision systems and (2) PDPA for children’s personal data
Employment, Health & Safety
Singapore Government accepts Tripartite Committee’s final recommendations for workplace fairness legislation
MOM enhances Self-Assessment Tool eService
WSH Council seeks feedback on draft guide on video surveillance systems
MOM consults on definitions of “platform operator” and “platform worker”, protection in the subcontracting scenario and platform operators’ duties regarding safety and health
Energy, Infrastructure & Projects
EMA announces enhanced regulatory regime for electricity retailers for greater consumer protection
ESG & Public Policy
MTI consults on ASEAN-China Free Trade Area 3.0 upgrade negotiations
MTI public consultation on ASEAN Trade in Goods Agreement (ATIGA)
Singapore and Vietnam announce intention to deepen cooperation in emerging areas including renewable energy
UK and Singapore enhance cooperation in sustainable finance and FinTech
UK becomes first economy to accede to the CPTPP
Online Safety Code issued by IMDA takes effect to enhance online safety and curb spread of harmful content
FinTech
MAS finalises stablecoin regulatory framework, responds to feedback received from public consultation
Private Wealth
MAS consults on proposals to strengthen defence against money laundering risks in single family offices
Real Estate
Bill passed to mandate compliance with Code of Conduct for Leasing of Retail Premises for qualifying leases of retail premises, expected to take effect in February 2024
Regional News
Malaysia
Securities Commission Malaysia issues guidelines to strengthen technology risk management of capital market entities
Malaysia Competition Commission signs Memorandum of Understanding with Malaysian Communications and Multimedia Commission
Myanmar
Myanmar requires online retail businesses to register by 21 January 2024
Vietnam
Vietnam reduces VAT rate to 8% from 1 July 2023
Revised Vietnam Law on Electronic Transactions to come into effect 1 July 2024
Transactions of VND400 million or more to be reported to State Bank of Vietnam from 1 December 2023
Publications
Chambers Global Practice Guide to Acquisition Finance 2023 – Singapore
Protection of aesthetic appearances in the Copyright Act 2021 and Registered Designs Act 2000
Singapore Academy of Law Annual Review 2022: Admiralty and Shipping Law
Singapore Academy of Law Annual Review 2022: Equity and Trusts
The International Arbitration Review (14th Ed, 2023): Myanmar
Deals
Establishment of S$5 billion Euro medium term note programme by Sembcorp Industries Ltd and Sembcorp Financial Services Pte. Ltd.
Series Pre-A extension round investment in Tessaract.io by Wavemaker Pacific 4, L.P.
Subscription of seed preference shares in Tiger Energy led by Wavemaker Group
S$200 million Islamic term facility to wholly-owned subsidiary of IOI Properties Group Berhad
Awards & Rankings
Allen & Gledhill continues to be recognised as a Tier 1 firm by IFLR1000, with the most number of lawyers recognised across all practices
Allen & Gledhill recognised in Who’s Who Legal’s Southeast Asia 2023 guide
Allen & Gledhill maintains leading position in IAM Patent 1000 2023’s firm and individual rankings
Allen & Gledhill recognised as leading law firm for Family Offices & Funds Structuring in Chambers High Net Worth 2023
Allen & Gledhill Intellectual Property Practice ranked as leading firm for Copyright & Related Rights, as well as Intellectual Property Transactions in Managing IP’s IP STARS 2023
Chong Yee Leong and Dinesh Dhillon recognised in Asian Legal Business Asia Super 50 Disputes Lawyers 2023
