Legal Updates for September 2018
CCCS Issues Infringement Decision On Grab/Uber Merger
On 24 September 2018, the Competition and Consumer Commission of Singapore (“CCCS”) issued its final decision against Grab and Uber (the “Parties”) in relation to the sale of Uber’s Southeast Asian business to Grab in consideration of Uber holding a 27.5% stake in Grab. This Update provides a summary of the CCCS’s findings and the remedies imposed by the CCCS as a consequence.
Bill Introduced to Consolidate and Update Insolvency and Bankruptcy Laws
On 10th September 2018, the Insolvency, Restructuring and Dissolution Bill (the "Bill") was introduced in Parliament. The Bill is a significant development of Singapore's restructuring and insolvency framework, aiming to consolidate the personal and corporate insolvency laws, enhance the debt restructuring regime for more effective and streamlined operation, and introduce regulation of insolvency practitioners. In this Update, we take a look at the key elements of the Bill and the implications of the upcoming changes.
CCCS Issues Guidance Note for Airline Alliance Agreements
Following a public consultation from 22 January 2018 to 12 February 2018, the Competition and Consumer Commission of Singapore ("CCCS") has issued its finalised Guidance Note for Airline Alliance Agreements ("Guidance Note") on 5 September 2018. Airline alliances are common in the aviation sector as a means for airlines to lower costs and compete more effectively by expanding their network structures and exploiting economies of scale. Whilst these alliances can enhance operational efficiencies and generate consumer benefits, they may raise competition concerns under Section 34 of the Competition Act which prohibits agreements that restrict competition in Singapore. This Update provides a summary of the Guidance Note and highlights the differences from the draft guidance note.
Guidelines on the Use, Collection and Disclosure of NRIC Numbers in Singapore
In November 2017, the Personal Data Protection Commission ("PDPC") launched a public consultation on the Proposed Advisory Guidelines on the Personal Data Protection Act ("PDPA") for National Registration Identification Card ("NRIC") Numbers, where feedback was sought on the proposed Advisory Guidelines on the Application of the PDPA to the Collection, Use and Disclosure of NRIC numbers (or copies of NRIC) and retention of physical NRICs by organisations ("Guidelines").
On 31 August 2018, the PDPC issued the finalised Guidelines, which will come into effect on 1 September 2019. This update aims to help businesses understand when they can collect NRIC numbers, and what measures they can take to ensure that their businesses comply with the Guidelines.