JD Supra Singapore

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Singapore allows “No-Win, No-Fee” and “No-Win, Less-Fee” arrangements for arbitration and SICC proceedings from 4 May 2022

    Historically, Singaporean law prohibited third party funding arrangements and outcome-related fee structures (ORFS) such as “No-Win, No-Fee” or “No-Win, Less-Fee”. However, other common law jurisdictions, such as England and Wales and Australia, have relaxed their equivalent laws and now permit some third party funding and ORFS to some extent. Singapore took its first steps towards levelling the playing field when it legalised third party funding for arbitration and the Singapore International Commercial Court (SICC) proceedings in 2017 and 2021 respectively. However, the prohibitions on ORFS remained. Please see full Publication below for more information.

  • Establishing A Business Entity In Singapore (Updated)

    Registration of Business Entities - Unless exempted, business entities must be registered with the Accounting and Corporate Regulatory Authority (ACRA) via their business filing portal: BizFile+. A foreigner residing overseas would need to engage the services of a registered filing agent (for example, a law firm, accounting firm or corporate secretarial firm) to submit the online application on his behalf. Goodwins Law Corporation is a registered filing agent. Upon successful registration, the business entity will be issued with a system-generated Unique Entity Number (UEN). The UEN is an identification number that all business entities need to use when transacting with government agencies. Please see full Chapter below for more information.

  • Buying and Selling Real Estate in Singapore (Updated)

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER SINGAPOREAN LAW - INTRODUCTION - There are two systems of land registration in Singapore: registration under the Registration of Deeds Act, known as “unregistered land”, and registration under the Land Titles Act, known as “registered land”. Currently, most land in Singapore has been converted and brought under the latter registration system. As such, most of this article will be concerned only with land registered under the Land Titles Act. The entity overseeing the land registration in Singapore is the Singapore Land Authority (“SLA”). Other relevant legislation governing real estate law in Singapore include the Land Titles (Strata) Act, the State Lands Act, the Land Acquisition Act, the Planning Act, the Residential Property Act, and the Housing and Development Act. Please see full Chapter below for more information.

  • Singapore’s Proposal to Mandate Reference Checks and Misconduct Reporting

    The Monetary Authority of Singapore (MAS) has issued a Consultation Paper on Proposals to Mandate Reference Checks. - All financial institutions and entities regulated by the MAS are proposed to be required to carry out reference checks and to keep conduct records on the majority of their employees. If the proposed regime is implemented without change, it will mean that Singapore’s reference checks regime will be substantially aligned with that which is currently in place in the UK as well as that which is being implemented in Hong Kong. The consultation paper was issued on 14 May 2021 and closes on 25 June 2021.

  • Raising the Bar on Green Finance in Singapore: The Latest Framework and Guidelines

    On 19 May 2021, the financial industry taskforce of Singapore (known as the Green Finance Industry Taskforce (GFIT)) released guidelines on climate-related disclosures and a white paper on green finance solutions. Convened by the Monetary Authority of Singapore (MAS), GFIT’s overarching objective is to accelerate green finance in Singapore through four key initiatives: (1) develop a taxonomy, (2) enhance environmental risk management practices of financial institutions, (3) improve disclosures, and (4) foster green finance solutions. The white paper contains a proposed framework on green trade facilities and working capital, catering for banks, asset managers, and insurers in Singapore (Financial Institutions).

  • Working from home – some legal considerations

    Introduction - Just over a year ago, Prime Minister Lee Hsien Loong announced a “circuit breaker” which closed most work places except for essential services and key economic sectors such as food establishments, markets and supermarkets, clinics, hospitals, utilities, transport and key banking services.

  • Service of a Writ of Summons on companies during the “new normal” - A case comment on Genuine Pte Ltd v HSBC Bank Middle East Ltd Dubai [2021] SGHC 104

    Introduction - Service of a Writ of Summons (Writ) on a company is typically effected by leaving the Writ at or sending the Writ by registered post to the registered office of the company. Corporate defendants need to be vigilant when a Writ has been served, lest a default judgment is entered against them when they do not respond.

  • E-Waste law under the new Resource Sustainability Act, 2019 (Singapore)

    What is the new law? In order to reduce waste being sent to the Semakau landfill, Singapore introduced the Zero Waste Masterplan in 2019. The masterplan, along with the Resource Sustainability Act (RSA), 2019 provide the strategy and the legal framework to position Singapore as a sustainable, resource-efficient nation. These new developments apply to three waste-generating sectors – electrical and electronic waste, food waste and packaging waste.

  • Plastic Packaging law under the new Resource Sustainability Act, 2019 (Singapore)

    What is the new law? In order to reduce waste being sent to the Semakau landfill, Singapore introduced the Zero Waste Masterplan in 2019. The masterplan, along with the Resource Sustainability Act (RSA), 2019 provide the strategy and the legal framework to position Singapore as a sustainable, resource-efficient nation. These new developments apply to three waste-generating sectors – electronic waste, food waste and packaging waste, including plastics.

  • Food Waste law under the new Resource Sustainability Act, 2019 (Singapore)

    What is the new law? In order to reduce waste being sent to the Semakau landfill, Singapore introduced the Zero Waste Masterplan in 2019. The masterplan, along with the Resource Sustainability Act (RSA), 2019 provide the strategy and the legal framework to position Singapore as a sustainable, resource-efficient nation. These new developments apply to three waste-generating sectors – electronic waste, food waste and packaging waste, including plastics.

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