Professional Services/Legal
Addvalue starts arbitration against XEPIC Corporation for $2.8M
Addvalue starts arbitration against XEPIC Corporation for $2.8M
This is due to the damages for wrongful termination or repudiation of contracts.
New phishing framework redefines accountability for banks and telcos
The framework outlines responsibilities but adds cost burdens.
Two Chinatown remittance shops accused of anti-competitive conduct
The two shops were found to have been sharing exchange rate information for renminbi remittance for at least six years.
Foodpanda warned over misleading ‘Pandapro’ subscription advertisement
This is due to its “free delivery on all restaurants” claim.
Oil tycoon OK Lim sentenced to 17 1/2 years
A “deterrent sentence” was warranted.
Customs fines over 13,000 travellers in first 10 months
The fines collected reached more than $3m.
Parliament passes law clarifying court contempt threshold
These amendments are clarifactory and do not lower current thresholds.
Law increases shared parental and mandatory paternity leave
It will start on 1 April 2025.
Proposed bill to strengthen protection against workplace discrimination
It is expected to be enforced by 2026 or 2027.
Singapore strengthens international criminal cooperation with MACMA amendment bill
The bill had its second reading on 11 November.
New bill reduces insolvency filing costs, introduces streamlined criteria
Companies need to meet just one criterion.
Estimates Committee flag Tote Board’s $4.2b accumulated reserves
Tote Board said this allowed them to extend funding commitments.
CCCS issues PID to two firms over bid rigging on community club tenders
The bid-rigging happened between August and October 2022.
Synergy Marine and Grace Ocean to pay $133m for US bridge collapse
It will go to the U.S. Treasury and the federal agencies affected.
SG proposes int'l committee for SICC to hear global civil appeals
The committee will have ad hoc members from foreign courts referring appeals
New bill targets court abuse with stricter contempt guidelines
Court abuse includes filing false claims to delay criminal proceedings.
SG records $6.7m impersonation scam losses in September
The scammers impersonate bank and government officials.
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