MAS consults on changes to credit card and unsecured credit rules and...
The consultation paper proposed initiatives for financial institutions to undertake improvements in lending and disclosure practices, to empower individuals to make better borrowing decisions, to help...
View ArticleMAS Act: Proposes changes to enhance regulatory framework for resolution of...
Some of the proposed changes include extending the existing regulatory regime for resolution of banks and insurance companies to more financial institutions, enhancing direction-making powers of the...
View ArticleSecurities and Futures Regulations 2013: MAS consults on draft Regulations...
The proposed changes in the MAS consultation paper support the implementation of the initiatives contained in the Securities and Futures (Amendment) Act 2012 which will mandate central clearing of...
View ArticlePayment Systems (Oversight) (Amendment) Bill 2012 passed in Parliament
The Amendment Bill looks to strengthen the oversight of the MAS over designated payment systems and aligns Singapore’s payments regulations with leading international standards...
View ArticleMAS consults on proposed enhanced disclosure requirements for offers of units...
The MAS seeks feedback on its proposed enhancements to the disclosure requirements for retail offers of units in collective investment schemes, the re-introduction of the information memorandum for...
View ArticleSGX consults on proposed rule amendments to enhance certainty and clarity for...
The proposed rule changes include expressly stating the points at which all settlement and other payments between the clearing house and clearing members become final, clarifying and aligning the...
View Article[UK] Government announces changes to competition litigation
The changes include extending the Competition Appeal Tribunal's jurisdiction to hear stand-alone actions, introducing a limited opt-out collective actions regime for competition law, promoting ADR...
View ArticleSGX introduces new margin framework for securities cleared through the CDP
The new margin framework strengthens the CDP’s capacity to clear more products including single stock options, fixed income securities and multi-currency securities...
View ArticleACRA - Practice Direction no. 1 of 2013
The Practice Direction sets out the requirements on financial reporting imposed on companies and foreign companies under the Companies Act...
View ArticleLatest developments: Short selling of securities; securities and futures...
This executive summary examines MAS' Guidelines on Short Selling Disclosure, proposed changes to the Securities and Futures Regulations, Ng Kum Thong v Moktar Bin Yusof [2012] SGHC 254 and AQP v...
View ArticleBanking & Dispute Resolution – Developments in 2012
This executive summary highlights the significant cases of 2012 pertaining to banking, insolvency, shipping and other areas of dispute resolution...
View ArticleSupreme Court Note: Aurol Anthony Sabastian v Sembcorp Marine Ltd [2013] SGCA...
The SCA held that a private individual is obliged - at least in the absence of particular concerns of urgency - to first consult the Attorney-General before commencing committal proceedings.
View ArticleSupreme Court Note: Centre for Creative Leadership (CCL) Pte Ltd v Byrne...
The SHC noted that loss of chance may be claimed where it is impossible or impractical to show how a third-party would have acted.
View ArticleThe current state of ADR in Singapore
This executive summary looks at the recent developments in Singapore in support of both international and domestic ADR.
View ArticleFacilitative vs evaluative mediation – Is there necessarily a dichotomy?
This article examines the origin of the distinction between facilitative and evaluative mediation, and the subsequent debate concerning the use of evaluative mediation. The paper questions the apparent...
View ArticleSupreme Court Note: Cheo Sharon Andriesz v Official Assignee of the estate of...
The SCA held that s 77 Bankruptcy Act applies to a disposition of property pursuant to a court order.
View ArticleShifting the focus from mediating the problem to mediating the moment – Using...
This executive summary examines the effects of lawyers and mediators shifting their focus away from the parties' perceived "problem" on to the parties' relationship...
View ArticleSupreme Court Note: Lim Chin San Contractors Pte Ltd v Shiok Kim Seng [2013]...
The SCA held that the assessing court was bound by the principles laid by the trial court with regard to the assessment of damages.
View ArticleThe creation of a hybrid arbitration from a pathological arbitration clause:...
The SHC in HKL Group v Rizq International Holdings [2013] SGHCR 5 dealt with a drafting defect in an arbitration clause where the "Arbitration Committee" was referred to and whether such defect deemed...
View ArticleSupreme Court Note: Profindo Pte Ltd v Abani Trading Pte Ltd [2013] SGHC 10...
The SHC held that laytime continued to run in a cost and freight sale contract even when the discharge operation was unexpectedly disrupted.
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