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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 on 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 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 2018, the Committee has requested heightened legislative care for topics encircling…
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Trademark Registration in Asian Countries Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits Afghanistan The Trademark Law Number effective from 1 September 2009 (as amended) repealing Trademark Regulations issued on 20 September 1960. 10 Article 2…
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Trademark Registration in Asian Countries Country and Applicable Legislation Length of Trademark (in years) Trademark Definition Eligible Applicants Documentation Requirement Language Requirement and Procedures Treaty/ Classification Treaty/Classification Benefits Afghanistan The Trademark Law Number effective from 1 September 2009 (as amended) repealing Trademark Regulations issued on 20 September 1960. 10 Article 2…
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The Singapore companies act Singapore is famous for three major things; finance, commerce, and transport. It is considered as “technology ready” nation. The country is also eminent for its laws and regulations, where amongst them are laws regulating the companies. The Companies Act 1967 was the primary piece of legislation…
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Technical Aspects of Aircraft Lease (Part II of II) In the previous issue, we discussed the various categories of aircraft lease such as a wet lease, dry lease, and damp lease. We also covered broadly the legal requirements for leasing an aircraft in the UAE and its implications. The aviation…
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Новый Кодекс Сингапура о Слияниях и Поглощениях Наше нынешнее капиталистическое общество создало атмосферу интенсивной конкуренции. Конкуренция - это не самое худшее в мире, это одна из самых важных причин, по которой мы получаем высококачественные продукты и услуги. Потребительские настроения только усиливаются и увеличиваются из-за чрезмерного количества выбора, с которым…
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Столкновение Юрисдикций Применение исламских принципов финансирования в соответствии с Английским правом. Как и в любой религии, можно утверждать, что в исламе существует спектр религиозной набожности, начиная от тех, кто строго следует учению Корана, до тех, кто редко ощущает на себе воздействие веры каждый день. В странах, где присутствуют как обычные,…
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