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杨凯章 Securities Group King & Wood Mallesons 

Introduction

Recent events such as the US-China trade war and the COVID-19 pandemic have severely impacted the global economy, with Singapore being particularly affected given its open and trade-reliant economy. This is driving Singapore to look for new and innovative ways to attract increased and diversified foreign investment, part of which would entail easing up on work visa and immigration policies for foreign talents. At the same time, a weakened job market due to the economic downturn, coupled with intensifying political contest reflected in the latest general election results, has led to the government’s increased focus on protecting the local labor force.
Continue Reading Relocating to Singapore: Latest Developments & Visa Policies

On 20 July 2020, the Accounting and Corporate Regulatory Authority (ACRA) of Singapore published the report of the Companies Act Working Group (CAWG) (Report), wherein the CAWG proposed certain amendments to Singapore’s existing Companies Act (Cap. 50) (CA) following a review of several areas of the CA (Proposed Amendments).
Continue Reading Proposed Changes to the Singapore Companies Act – How Does it Affect You as A Chinese Investor?

The Monetary Authority of Singapore (MAS) recently announced that it will issue up to five new digital bank licenses. This is in addition to any digital banks that the Singapore banking groups may also establish under the existing internet banking framework introduced in 2000. This move extends digital bank licences to non-bank players.
Continue Reading Monetary Authority of Singapore to issue digital bank licenses

By Edmund Wan and Alex Ma  King & Wood Mallesons’ Hong Kong office.

The 21st century can arguably be described as an era of collaboration and cooperation.  A tear-down of a smartphone or personal computer for example would reveal that its components are sourced and manufactured in multiple countries. These parts are then assembled into the final product and sold worldwide. This is international business at its absolute finest. 
Continue Reading Singapore Arb-Med-Arb clause – A viable alternative?

By Rebecca LeBherz and Zoe Walker. King & Wood Mallesons’ Brisbane office.

It has now been two years since the Singapore International Commercial Court (“SICC”) was established as an alternative forum to resolve international commercial disputes in Singapore. There are three institutions in Singapore capable of resolving international commercial disputes – it is a veritable cocktail of dispute resolutions services.

London may still dominate cross-border commercial litigation, but it is no longer the default. The SICC has proven that it is able to quickly resolve complex disputes of substantial value. Rebecca LeBherz and Zoe Walker examine where the SICC is now, and what it achieved in its first two years.
Continue Reading The Singapore International Commercial Court – Two years on

By Xuhua Huang and Ying Xu  King & Wood Mallesons’ Singapore Office

T黄绪华he third China-Singapore government-to-government cooperation project, China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (“Connectivity Project”) has recently commenced, aiming to promote the “connectivity” between these two countries in the areas of financial services, aviation, transport & logistics and information &…

By Justin McDonnell and Natalie Caton, King & Wood Mallesons’ Brisbane Office

mcdonnell_jcaton_nAlready a hub for international arbitration and mediation, the launch of the Singapore International Commercial Court (“SICC”) on 5 January 2015 cemented Singapore as a prime destination for resolving international commercial disputes. Singapore is an ideal location particularly for those doing business in the Asia-Pacific region. Singapore’s Chief Justice Sundaresh Menon stated that the Court aimed to ‘build upon and complement the success of [Singapore’s] vibrant arbitration sector and make [Singapore’s] judicial institutions and legal profession available to serve the regional and the global community.’
Continue Reading Singapore Slings: The New Cocktail of Dispute Resolution Procedures in Singapore