FINANCIAL INSTITUTIONS AND TELCOS REQUIRED TO SHARE RESPONSIBILITY FOR PHISHING SCAMS IN SINGAPORE FROM 16 DECEMBER 2024

November 7, 2024

Singapore will mandate the equitable sharing of losses from scams across victims, financial institutions, and mobile telephone operators under a new Shared Responsibility Framework. The Shared Responsibility Framework (SRF) was […]

IT’S THE HAGUE, NOT THE VAGUE: SINGAPORE INTERNATIONAL COMMERCIAL COURT CLARIFIES SERVICE UNDER THE HAGUE SERVICE CONVENTION

October 8, 2024

In December 2023, Singapore acceded to the Hague Service Convention[1] (the “HSC“). This is of particular interest to claimants suing foreign defendants in Singapore, as service of Singapore court papers […]

Singapore Bolsters Efforts to Combat Money-Laundering

August 5, 2024

On 2 July 2024 Parliament introduced the Anti-Money Laundering and Other Matters Bill for the First Reading in Parliament and passed the Corporate Service Providers Bill and the Companies and […]

MAS introduces new requirements for applicants seeking to apply for payment institution licences

August 2, 2024

Overview of amendments to the PSA Guidelines On 26 July 2024, the Monetary Authority of Singapore (MAS) issued an amended set of the Guidelines on Licensing for Payment Services Providers […]

THE VEIL STAYS DOWN: SINGAPORE COURT OF APPEAL DECLINES TO APPLY ARGENTINE LAW TO LIFT A SINGAPORE COMPANY’S CORPORATE VEIL

May 29, 2024

The concept of separate legal personality and limited liability is the bedrock of company law. When a Singapore limited liability company enters into a contract governed by foreign law, it […]

(ONLY) I’VE GOT THE POWER – SINGAPORE INTERNATIONAL COMMERCIAL COURT REAFFIRMS EXCLUSIVE SETTING ASIDE POWER OF SEAT COURT; GRANTS ANTI-SUIT INJUNCTION

May 20, 2024

On 26 April 2024, the Singapore Courts issued the first known Singapore International Commercial Court (SICC) judgment granting a post-award anti-suit injunction, protecting their setting-aside jurisdiction and the integrity of […]

DIRECTORS’ OBLIGATIONS TO CONSIDER CREDITORS’ INTERESTS IN SINGAPORE – WHEN IS THE DUTY ENGAGED?

April 9, 2024

Insolvency law across the Commonwealth generally prescribes that when a company moves toward insolvency, the main economic stakeholder in the company shifts from its shareholders to its creditors. When this […]