Professional Services/Legal
Sembcorp Industries receives South African court ruling on subsidiary sale
Sembcorp Industries receives South African court ruling on subsidiary sale
The appeal judgment affirmed that the share purchase agreement is valid and enforceable.
Medtecs International asks Resilient Medical to pay $30.65m outstanding balance
They are given only 21 days to pay their outstanding balance.
Dasin Retail Trust seeks 6-month court stay
A report was filed regarding suspicious buy-back arrangements at pre-agreed prices.
Mediation drives legal hiring growth in Singapore
Corporate and commercial law is also set to boost hiring in 2025 amid M&As.
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.
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