As recently reported, in the first half of 2024, the number of people declared bankrupt increased by 11% on the same period in 2023. Given the stigma and potentially serious repercussions which can accompany bankruptcy, like restrictions on overseas travel and taking on certain roles and jobs, it is understandable that individuals may want to […]
In the context of international arbitration, the Singapore courts have a well-established policy of minimal curial intervention. Where parties subscribe to have their disputes resolved by arbitration, they are deemed to accept “the attendant risks of having only a very limited right of recourse to the courts”.1 Therefore, save for very limited, statutorily-prescribed grounds,2 an award is […]
On 26 July 2024, the Singapore financial regulator published its revised Guidelines on Licensing for Payment Service Providers. The changes to the guidelines will take effect on 26 August 2024. In this client alert, we have summarised the key amendments to the Revised Guidelines below: 1) Submission of Legal Opinion All new applicants applying for […]
The Cybersecurity (Amendment) Bill was passed by the Singapore Parliament on 7 May 2024. The passing of such a bill is vital to Singapore’s cybersecurity landscape and her continued progression as a digitally advanced nation. In this brief article, we have summarised the main points of the Cybersecurity (Amendment) Bill below. 1. Who does the […]
Biofuels are poised to play an increasing role in international shipping as part of global efforts to decarbonise the sector. However, the use of biofuels raises several important legal issues which should be considered by parties prior to their purchase and consumption on ships. Potential benefits from the use of biofuels by ships There are […]
In Project Angel Bidco Ltd (in administration) v Axis Managing Agency Ltd (as representative of Syndicate 1686 at Lloyd’s of London) and other companies [2024] All ER (D) 24, the majority of the Court of Appeal recognised that there was an apparent contradiction on the face of the policy; the “policy appears to give with […]
The claim in Delos Shipping SA & Ors v Allianz Global Corporate and Specialty SE & Ors [2024] EWHC 719 arose from what was described as “illegal parking” of the Capesize bulk carrier “WIN WIN” (“the Vessel”) within Indonesian territorial waters. For this parking infringement, the Vessel was detained for nearly a year and her […]
The Court of Appeal’s decision in Dassault Aviation SA v Mitsui Sumitomo Insurance Co Ltd [2024] EWCA Civ 5 concerns the contractual interpretation of a non-assignment clause and highlights the importance of understanding the contractual obligations with reference to the chosen governing law, in this case, in an insurance policy. Background French aerospace company, Dassault […]
A number of regulators in the Asia-Pacific (including Singapore) have recently announced mandatory climate reporting for listed and/or large corporations in line with global standards, with the requirements taking effect gradually and incrementally over the next few years. Climate change litigation is also on the rise globally, with an increased focus on directors and officers. […]
On 4 March 2024, it was announced at the Committee of Supply 2024 that the Tripartite Guidelines on Flexible Work Arrangement requests (“Guidelines”) were being developed. We have set out a summary of the Announcement in our legal update dated 26 March 2024, which can be found here. It was recently announced on 16 April 2024 […]