Category: Corporate

Corporate

Enhancements To Nominee Shareholder And Registrable Controller Requirements For Companies

With the aim of mitigating the use of corporate vehicles for illicit purposes, Singapore has implemented enhancements to the transparency of Singapore’s corporate governance regime, which came into effect on 4 October 2022. These enhancements are in alignment with recommendations made by the Financial Action Task Force, and affirm Singapore’s pledge to combating money laundering, terrorism financing and other threats to the integrity of financial ecosystems at large.…

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Corporate

New Code of Practice Setting Out Top Management’s Workplace Safety and Health Responsibilities

The Ministry of Manpower has recently launched a workplace safety code of practice for company management (the “Code of Practice”). The Code of Practice is targeted at the top management of the company (i.e. the chief executive and company directors) as they have the influence and control over budgets, priorities and training for workplace safety and health.…

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Arbitration Clauses: A tool to get around Germany´s strict law on unfair contract terms?

JTJB Network Legal Update October 2018

I. The “Flaw” of German Law

German private contract law bears one feature that makes it partly unattractive to parties to agree on its applicability on their choice of law clause in international contracts:

This “flaw”, if you would like to call it like that, is that the regulations on unfair contract terms (UCT), which originally developed on the doctrine of good faith to protect the weaker party of a contract and based today on an European Directive, apply to their largest extent not only to B2C contracts but also between commercial people.…

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Singapore Creditors Not Precluded From Invoking Indian Insolvency and Bankruptcy Code

JTJB Legal Update 2018 March

The Indian Insolvency and Bankruptcy Code 2016 has gained prominence for Singapore lenders, counterparties and insurers seeking debt recovery from Indian parties. The young Code ambitiously tried to reinvigorate India’s sluggish insolvency regime which was scattered across various legislations – by implementing a unified, timely procedure for debt-laden companies to either restructure or liquidate.…

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