Winston Wong (14 July 2025) – The Circular IID Number 04/2025 issued by the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulatory authority, reported that it had carried out a “review” of Singapore VCCs (Variable Capital Companies) in 2024, gleaned key observations therefrom, and set out its supervisory expectations and good practices […]
LEGAL UPDATES: COVID-19 (TEMPORARY MEASURES) ACT 2020 – KEY CONSIDERATIONS FOR COMMERCIAL TRANSACTIONS Misa MITSUGI, Juen Yi FAN Businesses and operations around the world are currently at an unprecedented standstill with the outbreak of the COVID-19 pandemic, and Singapore has not been spared. In an effort to provide some temporary reprieve for businesses in Singapore,
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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,
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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
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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
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