News

Investment Fund Compliance

Investment Fund Compliance

The legal framework in which the investment management industry operates is subject to rapid changes, especially in the present climate, presenting a number of different challenges for the industry. Legislation In recent times, such changes are motivated by international tax treaties, efforts to step up against money laundering and terrorism financing, and the effect of new technology...

Read More

Law Reform: Violence in the Home

Law Reform: Violence in the Home

Singapore (27 February 2019) – Amendments are proposed to the Protection from Harrassment Act (“POHA”). These are in addition to the review of the Singapore Penal Code. The focus is on violence against a person in an intimate or close relationship with the perpetrator. Says Mr Lee Terk Yang, Director of Flint & Battery LLC, “The amendments criminalises...

Read More

CPF Retirement Sum

CPF Retirement Sum

15 October 2018, PAYOUTS UNDER CPF RETIREMENT SUM SCHEME – In the 2018 Budget Debate, the topic of CPF contributions for older workers were raised for debate. It was reported that the current rates for such older workers were set in 1988 and were never reviewed. During the debate: It was suggested that the progressively decreasing contribution rates allow private companies to remain...

Read More

Economic Substance Law

Economic Substance Law

1 February 2019 – ECONOMIC SUBSTANCE LAW As at 1 January 2019, certain legal entities carrying on relevant activities are required by the newly effective Economic Substance Law to demonstrate adequate economic substance in the Cayman Islands. Any company, LLC or LLP registered or incorporated in the Cayman Islands should be aware of this legislation and consider how it may be...

Read More

Divorce, separation, etc.

Divorce, separation, etc.

21 November 2018 (Singapore) – Mr Lee Terk Yang, Director of Flint & Battery LLC, answers some common but often misunderstood questions regarding a difficult area of family life: divorce and separation. Q1: What is the difference between separation and divorce? A separation is not the same as a divorce.  The key difference between separation and divorce is that when...

Read More

General Data Protection Regulation

General Data Protection Regulation

1 September 2018 (Singapore) – QUICK NOTES ON THE EU GDPR The European Union General Data Protection Regulation (“EU GDPR”) is the EU’s strong response to “new challenges for the protection of personal data”. This response is based on the principle that natural persons should have control of their own personal data and that there should be strong enforcement for the protection of this...

Read More

General Data Protection Regulation

General Data Protection Regulation

16 May 2018 (Singapore) – UPCOMING EUROPEAN UNION (EU) GENERAL DATA PROTECTION REGULATION (GDPR) On 27 April 2016, the European Council and Parliament on 27 April 2016 adopted GDPR, the successor to Directive 95/46EC. The GDPR applies directly in all EU Member States from its effective date, 25 May 2018. It repeals and replaces Directive 95/46EC and Member State implementing...

Read More

Cryptocurrency regulation

Cryptocurrency regulation

14 February 2018 (Singapore) – UPCOMING SINGAPORE PAYMENT SERVICES BILL Written by Winston Wong and Misa Mitsugi, Flint & Battery LLC At present, the Monetary Authority of Singapore (“MAS”) regulates various types of payment services under two pieces of legislation – the Payment Systems (Oversight) Act (Cap. 222A) (“PS(O)A”) and the Money-Changing and Remittance Businesses Act...

Read More

IP Mediation in Singapore and India

IP Mediation in Singapore and India

22 January 2018 (Singapore, India) – INTELLECTUAL PROPERTY MEDIATION IN SINGAPORE AND INDIA (by Francois Vieillescazes, Flint & Battery LLC, co-written with Dr. Sheetal Vohra, Managing Director of Vohra & Vohra, New Delhi) INTRODUCTION Mediation is a dispute resolution mechanism whereby a neutral third party, the Mediator, will help the parties to the dispute to reach an amicable...

Read More