I. Introduction The Simplified Insolvency Programme (the “SIP”), which was announced by the Ministry of Law on 5 October 2020, came into force on 29 January 2021.[1] It is intended to apply to micro and small companies (“MSCs”) which are seeking to either (a) restructure their debts and rehabilitate their businesses; or (b) enter into […]

From 1 February 2021, most of the recent amendments to the Personal Data Protection (Amendment) Act 2020 (No. 40 of 2020) are now in force. The amendments update Singapore’s regulatory framework and seek to balance economic needs with the protection of consumers’ data rights. The amendments have four primary aims: Strengthening consumer trust through organisational accountability; Ensuring the […]

Comparatively little attention is often paid to the proposed jurisdiction / arbitration clauses in a policy during its placement or renewal. If a dispute arises, the parties have to fully consider the application of such clauses. The recent Singapore law case of Silverlink Resorts v MS First Capital Insurance Ltd [2020] SGHC 151 provides a useful reminder […]

As a result of COVID-19, businesses in Singapore have implemented cost-saving measures such as reduction of employees’ salaries and retrenchment. In March, the Ministry of Manpower (“MOM“), the National Trades Union Congress (“NTUC“) and the Singapore National Employers Federation (“SNEF“) (together, the “Tripartite Partners“) had jointly updated the Tripartite Advisory on Managing Excess Manpower and […]

To further support employment opportunities of locals in Singapore (i.e. Singapore citizens and Singapore permanent residents), the Ministry of Manpower of Singapore (“Ministry“) announced on 27 August 2020 changes to the Employment Pass (“EP“) and S Pass requirements.    A summary of the changes is set out below: Increase in EP minimum qualifying monthly salary […]

The Accounting and Corporate Regulatory Authority of Singapore (“ACRA”), together with the Companies Act Working Group, has announced certain recommendations and proposed amendments to the Companies Act (Cap. 50) of Singapore (the “Act”) and its subsidiary legislation. Generally, the recommendations and proposed amendments seem directed at increasing the ease of doing business in Singapore, with […]

The Insolvency, Restructuring and Dissolution Bill was passed in the Parliament on 1 October 2018 and assented to by the President on 31 October 2018. Today, i.e. 30 July 2020, the Insolvency, Restructuring and Dissolution Act 2018 (IRDA) will finally come into effect. In this article, which is the first of five in a series […]

On 26 May 2020, the Singapore Parliament passed a Bill to amend the High Court (Admiralty Jurisdiction) Act (Cap. 123, 2001 Rev Ed) (the “Act”), which will become law at a later date to be notified in the Government Gazette. The Explanatory Statement to the Bill sets out the purpose of the amendments, which includes: […]