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eOASIS is Rajah & Tann Singapore LLPs legal information website for clients, containing business and legal information prepared from a practitioners viewpoint. It has four different modules, updated regularly, and materials range from commentaries on the latest legal developments to key legal and business information.

What's new on eOASIS

Builders carrying out building works in Singapore would be familiar with the licensing regime under the Building Control Act (Cap 29, 1999 Rev Ed) (the "Act"). The failure to obtain the necessary licences under the Act brings with it sometimes dire consequences, including the liability for fines as well as a possible imprisonment of up to 12 months, or the loss of right to be paid. In Nam Hong Construction & Engineering Pte Ltd v Kori Construction (S) Pte Ltd [2016] SGCA 42, the Court of Appeal examined whether a sub-contractor required a Specialist Builder's License under the Act for the performance of specialist building works.  

The Employment Claims Bill was passed in the Singapore Parliament on 16 August 2016. The Bill introduces a new forum for the resolution of salary-related disputes between employers and employees - the Employment Claims Tribunals ("ECT"). The ECT aims to provide a more consolidated and cost-efficient avenue for salary-related claims of up to $20,000 (or $30,000 where unions are involved). The introduction of the ECT marks a significant shift in the field of employment disputes. In this Update, we look at the key features of the ECT, its powers and its procedures. 

In recent times, financial crises like the Lehman Brothers and MF Global insolvencies have brought the issue of protection of client assets to the forefront. As a result of these events, investors are now trying to better understand the potential implications of placing their assets with intermediaries. Regulators, such as the Monetary Authority of Singapore ("MAS"), are also looking for ways to address potential risks to client assets and how to transfer or return client assets in case of default, resolution or insolvency scenarios.

MAS has undertaken a review of the regulatory requirements governing the protection of customers' moneys and assets and is proposing to enhance those relating to the safeguarding, identification and use of customer's moneys and assets, and disclosures to customers and has come up with several proposals, which are contained in the Consultation Paper on Enhancements to Regulatory Requirements on Protection of Customerís Moneys and Assets that was published on 18 July 2016. This Update takes a look at the key proposals in the Consultation Paper. 

The Singapore Ministry of Communications and Information ("MCI") has, on 5 August 2016, sought public feedback on proposed amendments to the Telecommunications Act as well as some corresponding amendments to the Media Development Authority of Singapore Act. This Client Update seeks to provide a brief outline and commentary on the most salient of the MCI's proposed amendments.  


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