Singapore’s Enhanced Corporate Service Provider and Company Laws On July 2, 2024, Singapore’s Parliament enacted two significant pieces of legislation the Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill) designed to enhance the country's regulatory framework. These laws aim to…
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Development of Blockchain Technology and NFTs in Singapore “I love this stuff - bitcoin, ethereum, blockchain technology and what the future holds”. Abigail Johnson Blockchain technology lays a foundation for many cryptocurrencies. Singapore is rising as one of the leading blockchain development countries in the world. Since the birth of…
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NFT Regulations in Singapore Introduction Non-fungible tokens or NFTs are presently one of the most popular technology trends in the world. Non-fungible means that this token cannot be exchanged as it is unique, and every token has a unique code and metadata stored on a digital ledger. The property that…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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Comparison of joint venture laws of India with UAE and Singapore For a long time, one of the main fields of concern for economists all over the world has been the industry. With money on the line, people are always looking for new ways to increase income; whether it's a…
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The Singapore Convention on Mediation “An ounce of mediation is worth a pound of arbitration and a ton of litigation!” …
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Bankruptcy in Singapore "I declare bankruptcy!" - Michael Scott Whenever an individual becomes unable to pay his/her debts, his/her creditors may choose to file for bankruptcy against him/her. According to Section 61 of the Singapore Bankruptcy Act of 1995, if anyone owes someone may it be an individual or even a company more…
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Amendment of Income Tax Act– Singapore What is the Tax System in Singapore? The tax revenue collection in Singapore includes corporate tax, personal tax, Goods & Services tax, and property tax. The tax system in Singapore is one which many countries thrive on echoing as it is known for being…
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Insolvency and Restructuring in Singapore Introduction Singapore is not only an attractive tourist and shopping destination. On 23 May 2017, the Ministry of Law (Singapore) officially amended the Companies Act of 1967 with certain provisions to simplify the restructuring companies’ debts. The South East Asian country became a potential indebtedness…
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Common Intention Under Singapore Criminal Law Introduction The settlement in the former British crown colony on the Strait of Malacca which consists of four trade centres, namely, Penang, Singapore, Malacca and Labuan often referred to as the Straits Settlement which was taken over by the British East Indian Company. The…
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A Guide to Dispute Resolution in Singapore Introduction A conflict is virtually inevitable wherever there is human interaction. Some of these conflicts may erupt a dispute in any structure of interaction or relationship, and others may perhaps result in a multifarious international hostility and confrontation. Successively, dispute resolution processes have…
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Singapore International Arbitration Centre Singapore has been growing in popularity for international arbitration with the support of the government’s policy to facilitate the best arbitration Centre in the region. The tremendous growth of the Chinese and Indian economy in the last few decades drives Asian markets to the next level.…
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“Wasted? So is your life”- Drug laws in Singapore Singapore by far has the toughest drug laws in the world. The country’s strong and determined hold on the Misuse of Drugs Act has implemented a penalty for even possessing a small amount of illegal narcotic substance. In fact, the country…
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Prospective Amendments to Singapore’s Penal Code (Original Enactment: Ordinance 4 of 1871) Date Commenced: 16 September 1872 In July 2016, Singapore established a Penal Code review committee intended to perform a comprehensive assessment of the legal provisions currently protecting marginalized communities and members of the adolescent demographic. As of September…
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