30 May 2024
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Competition & Foreign Investment Review
Transport Sector (Critical Firms) Bill passed to provide for new designated entities regime targeting key firms in air, sea and land transport sectors in Singapore
Corporate / M&A
SGX seeks comments on proposed rule changes on facilitating shareholder-requisitioned meetings
Construction & Engineering
BCA launches NEC4 contract for construction and engineering projects in Singapore
Cybersecurity & Data Protection
Bill passed to expand scope of Cybersecurity Act 2018 to regulate more entities
Employment, Health & Safety
Singapore High Court discharges interim injunctions restraining former employee from working for rival
Energy, Infrastructure & Projects
EMA and MTI seek comments on proposed changes to Energy Market Authority of Singapore Act 2001, Electricity Act 2001 and Gas Act 2001
ESG & Public Policy
MTI conducts public consultation on possible improvements to Comprehensive and Progressive Agreement for Trans-Pacific Partnership
MPA announces maritime energy transition collaborations with international agencies
Singapore, Chile, New Zealand announce Republic of Korea’s successful accession to Digital Economy Partnership Agreement
Intellectual Property
Migration of IPOS online filing platform, additional period of excluded days from 14 to 16 May 2024 for business under IP Acts and Rules
White Collar & Investigations
Prevention of Proliferation Financing and Other Matters Act 2024 aligning regulatory regimes for PSMD, moneylending, and pawnbroking sectors with updated FATF requirements in force
Regional News
Indonesia
Indonesia Financial Services Authority introduces new reporting requirement for shareholders of listed companies
Malaysia
Companies Commission of Malaysia issues Guidelines for the Reporting Framework for Beneficial Ownership of Companies
Bank Negara Malaysia issues policy document on Electronic Know-Your-Customer
Malaysia Court of Appeal finds party’s refusal to pay deposit required by AIAC Rules rendered arbitration agreement inoperative
Malaysia High Court dismisses MyCC leave application for judicial review
Myanmar
Central Bank of Myanmar sets minimum reserve requirement ratio banks must maintain in MMK and adjusts interest rate on excess reserves
Vietnam
Vietnam seeks to promote development of industrial clusters via new Decree
Publications
IFC Review: Singapore - An Attractive Hub for Private Funds
The International Comparative Legal Guide to Project Finance 2024 (13th Ed)
The International Comparative Legal Guide to Drug & Medical Device Litigation 2024 (5th Ed)
Practical Law: Tax Residency of Companies in Singapore
Lexology In-Depth: Banking Regulation (15th Ed, 2024)
Lexology In-Depth: Corporate Governance (14th Ed, 2024)
Lexology In-Depth: Fintech Law (7th Ed, 2024)
Lexology Panoramic: Risk & Compliance Management 2024
Deals
Establishment of US$10 billion global covered bond programme by Maybank Singapore Limited unconditionally and irrevocably guaranteed as to payments of interest and principal by Silver Fern Covered Bonds Pte. Ltd.
Establishment of US$5 billion global covered bond programme by Standard Chartered Bank (Singapore) Limited unconditionally and irrevocably guaranteed as to payments of interest and principal by Banzu Covered Bonds Pte. Ltd.
Establishment of S$2 billion Euro medium term note programme and issue of S$500 million subordinated notes by Great Eastern Holdings Limited and The Great Eastern Life Assurance Company Limited
US$800 million multicurrency revolving credit facilities to Mapletree Treasury Services Limited
Issue of S$800 million fixed rate green notes by Housing and Development Board
S$600 million term, revolving and bank guarantee facilities to DBS Trustee Limited, in its capacity as trustee of OUE Real Estate Investment Trust
Establishment of S$500 million Euro-commercial paper programme by CapitaLand Group Pte. Ltd. and CapitaLand Treasury Limited
Subscription of seed preference shares in Gapai Pte. Ltd. led by Wavemaker Pacific 5, L.P.
News
AGI Legal opens in Indonesia and joins the Allen & Gledhill network known as A&G Asia
Awards & Rankings
Allen & Gledhill named SE Asia Law Firm of the Year and Singapore Law Firm of the Year at the Asian Legal Business SE Asia Law Awards 2024
Allen & Gledhill named Singapore Firm of the Year at the Benchmark Litigation Asia-Pacific Awards 2024
Allen & Gledhill recognised as a top tier firm by Benchmark Litigation
Allen & Gledhill ranked in Asian Legal Business Intellectual Property Rankings 2024
Allen & Gledhill recognised as a top tier firm by World Trademark Review 1000
