The Select Committee on Deliberate Online Falsehoods has released a 176-page report containing recommendations to tackle deliberate online falsehoods, and the guiding principles behind its proposals.
The Government has accepted in-principle the Select Committee's recommendation for a multi-pronged response to tackle the challenges and risks posed by deliberate online falsehoods and will study the Committee's report closely and work with stakeholders to roll out the non-legislative and legislative measures recommended by the Committee over the next few months.
These measures will be geared towards: (i) nurturing an informed public; (ii) reinforcing social cohesion and trust; (iii) promoting fact-checking; (iv) disrupting online falsehoods; and (v) dealing with threats to national security and sovereignty.
Click here for more details.
On 31 August 2018, the Personal Data Protection Commission issued the finalised Advisory Guidelines on the Personal Data Protection Act for NRIC and other National Identification Numbers ("Guidelines"). These finalised Guidelines take into account feedback received during a public consultation in November 2017, where feedback was sought on the collection, use and disclosure of NRIC numbers (or copies of NRIC) and retention of physical NRICs by organisations.
The Guidelines set out the circumstances in which organisations will be permitted to collect, use and disclose NRIC numbers (or copies of NRICs). It also provides guidance on what alternative identifiers that organisations can adopt when implementing identifiers in new systems and replacing the NRIC number with new identifiers in existing systems.
The Guidelines will come into effect on 1 September 2019.
Click here to read our client update.
In China Medical Technologies, Inc (in liquidation) and another v Wu Xiaodong and another [2018] SGHC 178, the Singapore High Court considered the court's power to grant a Mareva injunction in aid of foreign proceedings. The Court also laid out the threshold requirements for when the Court's power to grant such an injunction would arise, and the factors to be considered in deciding whether to grant the injunction.
Click here to read our client update.
On 6 August 2018, the Corporate Governance Council ("Council") submitted its final recommendations on revisions to the Code of Corporate Governance ("Code") to the Monetary Authority of Singapore ("MAS"). The recommendations took into account feedback received after a public consultation in January 2018.
MAS has accepted all the Council's recommendations and has issued the revised Code. Singapore Exchange has also reviewed the Council's recommendations and has made amendments to the Listing Rules.
The revised Code will take effect for companies in respect of annual reports relating to financial years commencing 1 January 2019 onwards. The revised Listing Rules will also take effect on 1 January 2019 except for revisions relating to the nine-year tenure for independent directors and the requirement for independent directors to comprise at least one-third of the board, which will take effect on 1 January 2022.
Click here to read our client update.