eOASIS is Rajah & Tann Singapore LLP's legal information website for clients, containing business and legal information prepared from a practitioner's viewpoint. It has four different modules, updated regularly, and materials range from commentaries on the latest legal developments to key legal and business information.
On 28 June 2017, the PRC National Development and Reform Commission and the PRC Ministry of Commerce jointly released a revised Catalogue for the Guidance of Foreign Investment Industries (2017 Revision) ("2017 Catalogue"), which came into effect from 28 July 2017. The 2017 Catalogue reflects the intention of the State Council to improve the investment environment, further loosen the requirements for market access in the service, manufacturing and mining industries, and to adopt a "negative list" management approach on a nationwide basis. This Update looks at the major amendments in the 2017 Catalogue.
On 29 June 2017, the Singapore Competition Appeal Board ("CAB") published its decision on an appeal made by IPP Financial Advisers Pte Ltd ("IPP") seeking a substantial reduction in the financial penalty imposed by the Competition Commission of Singapore ("CCS"). The CAB dismissed the appeal and ordered IPP to pay the original financial penalty of S$239,851 imposed by CCS, together with interest and costs. In this Update, we provide you with a brief overview of the issues raised in the appeals and the potential implications for Singapore businesses.
Singapore's framework of employment regulations and standards is in constant development. Recently, the Ministry of Manpower has announced two areas which are under review. The first relates to the employment conditions for term contract employees, and the second relates to workplace safety. On this front, new standards have already been rolled out, and revised regulations may soon follow. This Update looks at the scope of the announced government reviews, the changes which may be expected, and their potential impact on employers and employment practices.
The Building and Construction Industry Security of Payment Act ("SOPA") provides for a system of adjudication of payment disputes, which features strict timelines, including the timings for payment claims, payment responses and submission for adjudication. The importance of complying with these timelines was highlighted in a few recent cases before the Singapore High Court. This Update takes a look at these decisions, as well as the various stages of the SOPA timeline and the consequences of non-compliance.