SHC: Do banks owe pre-contractual duties to prospects and clients?
The SHC in Deutsche Bank AG v Chang Tse Wen [2012] SGHC 248 held that before the account opening documents were signed, the bank and the relationship manager had assumed a duty to take reasonable care...
View ArticleConsultation paper: MAS - Securities and Futures (Offers of Investments)...
MAS proposes amendments to the Regulations to enhance the disclosure requirements for offers of units in collective investment schemes and require an information memorandum to be provided to investors...
View ArticleConsultation paper: MAS - Related party transaction requirements for banks
MAS has released a consultation paper setting out proposed changes to enhance oversight of related party transactions, so as to address the risks of conflicts of interest, and for alignment with...
View ArticleThe power of the court to change an order for the division of matrimonial...
The SCA looked at the application of s 112 of the Women's Charter which governs the power of a court to order division of matrimonial assets...
View ArticleMAS Notice 637: MAS issues response to feedback received on proposed...
The MAS has responded to feedback to its proposed amendments to Notice 637 to implement the Basel III capital reforms for bank exposures to central counterparties...
View ArticleSFA and FAA: MAS proposes changes to Acts to tighten business conduct rules...
The MAS issued a consultation paper proposing amendments to various regulations issued under the Securities and Futures Act and the Financial Advisers Act to implement changes such as extending...
View ArticleMAS revises various Notices and Practice Notes to implement refined...
The MAS revised various Notices and Practice Notes to account for their earlier refinement of the prescribed list of excluded investment products, which meant that intermediaries selling such products...
View ArticleSCA considers classes of constructive trustee in relation to limitation...
The SCA in Yong Kheng Long v Panweld Trading Pte Ltd [2012] SGCA 59 stated that the appellate court’s power to review findings of facts will be sparingly exercised and an appellate court will only...
View ArticleSHC decides arbitration clause within main contract binding on third party...
The SHC in International Research v Lufthansa Systems Asia Pacific [2012] SGHC 226 held that an arbitration agreement in a main contract would be binding on a third party which entered into a contract...
View ArticleEmployment Act: MOM conducts public consultation on proposed changes to Act
The MOM has proposed changes to the Employment Act including increased protection for PMEs, more employees to be covered under the Act, better safeguards against unauthorised deductions from employees'...
View ArticleSHC interprets Work Injury Compensation Act in relation to term "notice of...
The SHC in Abdul Hadi bin Hamdan v Goldin Enterprise Pte Ltd [2012] SGHC 192 looked at when an employee is entitled to withdraw a claim made under the Work Injury Compensation Act and thus the...
View Article2012 in review: Key legal and regulatory developments
This executive summary provides a table of the salient Singapore legal developments in 2012...
View ArticleMAS Notices SFA 04-N12 and FAA-N16: Revisions to Notices concerning sale and...
The Notices have been revised to reflect the changes announced by the MAS to refine the list of Excluded Investment Products to include EIP-equivalent investment products listed on foreign exchanges,...
View Article[UK] Arbitration clause in main agreement was an implied term in settlement...
The EWHC in Interserve Industrial Services Ltd v ZRE Katowice SA, [2012] EWHC 3205 (TCC) implied an arbitration clause found in a main agreement between parties to a settlement agreement which had...
View ArticleLatest developments: Personal Data Protection Commission; Singapore-S Korea...
This executive summary looks at the latest legal happenings on data protection, IPOS's MOU on IP Cooperation and Patent Prosecution Highway with S Korea, and cases on passing off, the test for...
View ArticleLatest developments: IPOS appointment of JPO as a competent ISA and IPEA;...
This executive summary looks at the latest IP developments: IPOS appointment of Japan Patent Office as an International Searching Authority; amendments to the Patents Act and Intellectual Property Act...
View Article[IND] India reins in the courts: Bharat Aluminium v Kaiser Aluminium...
The case of Bharat Aluminium Co. v Kaiser Aluminium Technical Services Inc (Civil Appeal No. 7019 of 2005)looks at the extent to which the Indian courts can interfere with and even set aside foreign...
View ArticleSupreme Court Note: Sarika Connoisseur Cafe Pte Ltd v Ferrero SpA [2012] SGCA...
The SCA clarified the three conditions for establishing trademark infringement under s 27(2)(b) of the Trade Marks Act...
View ArticleSupreme Court Note: Law Society of Singapore v Ang Chin Peng [2012] SGHC 234...
The SHC held that a fee agreement is not "sacrosanct" and it was not a valid and complete defence to a claim of overcharging that the fees charged were in accordance with the fee agreement.
View ArticleLatest developments: Bank's duty of care to investor; MAS's OPERA; proposed...
This executive summary looks at the recent case of Deutsche Bank AG v Chang Tse Wen [2012] SGHC 248, the launch of the Take-Over & Mergers and Business Trust e-Services modules on OPERA and...
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