  Rajah & Tann Competition & Anti-Trust Practice is pleased to present you our new Competition Review which will contain snapshots of competition cases as well as developments in competition laws and regulations in the world that have caught our attention. Each of the cases and legislation highlighted Update is intended to give you a flavour of the issues in the competition and anti-trust scene. This is so that when you review your businesses, structure new deals or make acquisitions, you have these issues at the back of your mind and provide for it. It is easy as often these are business considerations.
In the case of Shanghai Electric Group Co Ltd v PT Merak Energi Indonesia and another [2010] SGHC 2, the Singapore High Court decided that an injunction restraining the payment of an on-demand bond was to be governed by its substantive law. In determining whether the ex parte interim injunction should be discharged, the Court declined to apply the procedural law of the forum. Instead, the Court gave effect to the law contractually stipulated by parties to govern payment of the on-demand bond. This Update provides a summary of the case.
This Update relates to SGX's consultation paper issued on 6 January 2010 proposing amendments to the listing rules to firstly, revise the admission criteria for the SGX-ST Main Board; secondly, facilitate the listing of Special Purpose Acquisition Companies and lastly, codify the measures for secondary fund raising.
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