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Legal Updates

Legal Updates for April 2020

Conducting Meetings by Electronic Means for Corporate Insolvency and Bankruptcy Matters and Corrigendum
The COVID-19 pandemic has made it impracticable to conduct various types of meetings prescribed under written law and certain legal instruments, which require physical attendance. These include meetings for insolvency and bankruptcy matters.

On 27 April 2020, two Orders prescribing alternative arrangements for meetings in respect of insolvency matters and bankruptcy matters were issued under the COVID-19 (Temporary Measures) Act 2020 (“Act”) that provides, among other things, meetings convened, held, conducted or deferred, on or after 27 March 2020, in accordance with alternative arrangements prescribed under the Act will be deemed to have satisfied relevant requirements under written law or legal instruments.

Click on “Read More” for our latest Update that provides a summary of the two Orders in respect of conducting meetings by electronic means in respect of insolvency matters (with a focus on companies incorporated under Singapore Companies Act), and bankruptcy matters.

COMPETITION BITES 2020 - Issue 2
We share our second issue of Competition Bites for 2020, providing you with updates of key developments across South East Asia as pulled together by our regional competition law practice. These are difficult times given, amongst other factors, the changing ways in which we work. Yet, the competition regulators across South East Asia and beyond remain active. The focus for this issue is the Decree setting out Vietnam’s new merger notification thresholds which will take effect on 15 May 2020.

Extension of Support Measures for Businesses to Cover Prolonged Circuit Breaker
On 21 April 2020, the Singapore Government announced that the original circuit breaker measures ("Measures") lasting from 7 April to 4 May 2020 would be extended to 1 June 2020 (inclusive), totalling eight weeks of such Measures. These Measures include the closure of all non-essential businesses, which has since been further tightened such that only 15% of the usual workforce continues to physically attend at their workplaces.

The Solidarity Budget (covered in our earlier Client Update titled "In Solidarity: Third Budget to Support Businesses through COVID-19 Circuit Breaker Measures") announced several relief measures to assist employers in retaining their workforce. This has now been extended to cover the full circuit breaker period, and includes the enhanced Jobs Support Scheme ("JSS") and a second Foreign Worker Levy ("FWL") waiver and rebate

This Update covers the above, as well as a further announcement from the Ministry of Manpower ("MOM") on its requirements of employers which may affect the receipt of the JSS and FWL payouts.

Update: Conducting Meetings by Electronic Means Amid COVID-19
Various control and safe distancing measures have been put in place in Singapore to prevent the spread of COVID-19. These measures along with provisions under written law and certain legal instruments requiring personal attendance at meetings have caused difficulties to business entities in Singapore in conducting their annual general meetings and meetings involving a large number of participants.

In response to this, the COVID-19 (Temporary Measures) Act 2020 ("Act") was enacted to provide, among other things, that meetings convened, held, conducted or deferred, on or after 27 March 2020, in accordance with the alternative arrangements prescribed under the Act will be deemed to have satisfied the relevant requirements under the written law or legal instrument.

This Update highlights the changes to the period of application of the prescribed alternative arrangement for conducting shareholders, unitholders and bondholders meetings by electronic means and new Orders issued under the Act to prescribe for the alternative arrangements for conducting meetings by electronic means for other types of meetings and business entities.

Measures to Support Enterprises Affected by COVID-19 Pandemic in China
The COVID-19 pandemic has caused significant disruption to the business and operation of many enterprises in China. In order to help enterprises (especially SMEs) that are affected by the pandemic relieve their burden and overcome the difficulties during this period, the central government of China has released temporary policies, reliefs and guidelines. The ministries of the central government and the local governments have also issued temporary policies and reliefs in accordance with the guidelines issued by the central government.

This Update discusses the key measures implemented by the central government to support enterprises amidst the pandemic.

Automatic Extension for Release of Unaudited Financial Results for Issuers with Feb, Mar and Apr 2020 FY-ends
Issuers listed on the SGX-ST Mainboard and Catalist face practical difficulties in adhering to the deadlines for releasing their financial statements during the “circuit breaker” measures implemented by the Government from 7 April 2020 to 1 June 2020 (extended from 4 May 2020).

In light of this, the Singapore Exchange Regulation announced on 22 April 2020 that it will grant an automatic time extension for selected issuers to release their full year unaudited results with reference to their financial year ends ("FYE"):

  • Two months extension for issuers with 29 February 2020 FYE or 31 March 2020 FYE; and
  • One month extension for issuers with 30 April 2020 FYE.
This Update highlights the matters that a listed issuer should take note of in view of this development.

Expectations of Disclosures by Issuers During COVID-19
During this period of disruption to business caused by the pandemic, issuers listed on the SGX-ST Mainboard and Catalist and shareholders, alike are facing challenges. The economic uncertainty and market volatility make it necessary for shareholders to have up-to-date information concerning material changes in issuers’ business and operations.

Against this backdrop, the Singapore Exchange Regulation (“SGX RegCo”) had, on 22 April 2020, issued a statement on the Regulator's Column setting out SGX's expectations of issuers' disclosures during COVID-19 and considerations to guide issuers in complying with their disclosure obligations under the Listing Rules of the SGX-ST Mainboard and Catalist.

This Update highlights issuers' disclosure obligations during COVID-19 with reference to the general guidance by SGX RegCo.

Statutory Moratorium Against Breach of Scheduled Contracts Starts 20 April 2020
On 20 April 2020, the provisions in the COVID-19 (Temporary Measures) Act 2020 Act dealing with the following temporary measures came into force:

  • Temporary relief for inability to perform a scheduled contract specified in the Act that is to a material extent caused by a COVID-19 event; and
  • Temporary relief for financially distressed individuals and businesses by increasing the debt thresholds for bankruptcy and insolvency.
The Regulations setting out the details for a party to seek the temporary reliefs under the Act were also issued and came into force on 20 April 2020.

This Update provides a summary of the requirements and process for seeking these temporary reliefs under the Act and includes an overview guide of the procedure diagrammed for your ease of reference.

SME Loan Financing Obligations Amidst Covid-19
The Monetary Authority of Singapore has announced a set of relief measures meant to ease the financial strain on small and medium enterprises ("SMEs") in Singapore. Such relief measures include support for SMEs to defer the payment of principal on their secured loans and the provision of loans to SMEs at potentially lower interest rates. Furthermore, on 7 April 2020, the Parliament passed the COVID-19 (Temporary Measures) Act 2020, which provides for support and protection for SMEs which are unable to perform their obligations under scheduled contracts due to the ongoing COVID-19 outbreak.

Such measures include a six-month moratorium period starting from 20 April 2020 during which SMEs are provided broad protection against legal action and enforcement of security in respect of certain scheduled contracts and temporary modifications to the insolvency regime to limit certain insolvency proceedings.

This Update discusses the relief measures relating to SME loan financing obligations amid COVID-19.

The Internet of Things Cyber Security Guide – What You Should be Doing to Protect Against Cyber Threats
On 13 March 2020, the Infocomm Media Development Authority ("IMDA") launched a new Internet of Things ("IoT") Cyber Security Guide ("Guide"). The Guide was developed by IMDA after taking in comments from IMDA's public consultation in January 2019, and in consultation with the Cyber Security Agency of Singapore. It aims to offer enterprise users better guidance on procuring, deploying and operating IoT technology, while enabling solution providers to verify the security posture of their solutions. This Update highlights the key features of the Guide.

Conducting Meetings by Electronic Means Amid COVID-19
Issuers listed on SGX-ST Mainboard and Catalist are facing difficulties in conducting their annual general meetings ("AGMs") due to the enhanced control and safe distancing measures that apply from 27 March 2020 to 4 May 2020 ("Control Period") coupled with provisions under written law and certain legal instruments requiring personal attendance at meetings. To address these challenges, the COVID-19 (Temporary Measures) Act 2020 came into force partially on 7 April 2020 to provide, among other things, that meetings convened, held, conducted or deferred, on or after 27 March 2020, in accordance with the alternative arrangements prescribed under the Act will be deemed to have satisfied the relevant requirements under the written law or legal instrument. The COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 was issued on 13 April 2020 to prescribe the alternative arrangements for conducting meetings ("Alternative Arrangements"). On the same day, SGX RegCo (together with ACRA and MAS) jointly prepared a comprehensive and useful checklist to guide listed and non-listed entities on the conduct of general meetings during the Control Period.

This Update discusses the Alternative Arrangements for conducting a meeting or AGM by a listed issuer during the Control Period, with reference to the Order and the Checklist, along with some practical notes.

Singapore-New Zealand Declaration on Trade in Essential Goods for Combating the COVID-19 Pandemic
The COVID-19 pandemic has led to the imposition of control orders and restrictions in numerous jurisdictions. One of the key issues arising from this is whether countries can continue to maintain their supplies of essential goods. In this regard, Singapore and New Zealand have jointly launched the Declaration on Trade in Essential Goods for Combating the COVID-19 Pandemic ("Declaration") on 15 April 2020. The Declaration concretises actions Singapore and New Zealand will undertake to keep trade lines open for essential items during this time. In this Update, we highlight the key features of the Declaration.

Measures to Help S-REITs Manage Cash Flow and Raise Funds Amid COVID-19

On 16 April 2020, the Ministry of Finance, the Inland Revenue Authority of Singapore and the Monetary Authority of Singapore jointly announced the following measures to provide real estate investment trusts listed on the Singapore Exchange Securities Trading Limited ("S-REITs") greater flexibility to manage their cash flows and raise funds, to help them to weather through the COVID-19 pandemic:

  • Extending deadline for distribution of taxable income;
  • Raising leverage limit; and
  • Deferring the implementation of a new minimum interest coverage ratio requirement.

This Update provides a summary of these measures affecting S-REITs.

Singapore High Court Addresses Criminal Liability for Sale of Illicit Streaming Devices
In a landmark decision, the Singapore High Court in Neil Kevin Gane v Jia Xiaofeng and Synnex Trading Pte Ltd replaced a jail sentence for the sale of illicit streaming devices ("ISDs") with a fine, following an unprecedented move by the Attorney-General's Chambers to appeal for a reduced criminal sentence. The ruling sheds light on the sentencing considerations for criminal prosecutions for copyright infringement through the sale and distribution of ISDs.

Court of Appeal Adopts Modified Approach for Breach of Confidence Claims
In light of the pervasiveness of digitisation, it is now significantly more challenging for employers to guard against the wrongful copying, abuse and exploitation of confidential, protected information by their employees. The Court of Appeal in I-Admin (Singapore) Pte Ltd v Hong Ying Ting and others [2020] SGCA 32, in a significant decision, recognised these challenges and adopted a modified approach to the applicable test for breach of confidence claims in order to adequately safeguard the interests of those who own confidential information. The Appellant in this case was successfully represented by Lee Eng Beng SC and Tng Sheng Rong of Rajah & Tann Singapore LLP.

Updated Requirements under COVID-19 Circuit Breaker Control Order
The COVID-19 (Temporary Measures) (Control Order) Regulations 2020 were issued on 7 April 2020 to impose restrictions on (i) premises and businesses in relation to the closure of premises and the respective controls on essential and non-essential service providers; and (ii) the movement of people, both in public places and in places of residence. Subsequently the Minister for Health issued the COVID-19 (Temporary Measures) (Control Order) (Amendment) Regulations 2020 and the COVID-19 (Temporary Measures) (Control Order) (Amendment No. 2) Regulations 2020 ("Amendments"). These amendments introduce additional obligations and requirements, including in relation to essential service providers, essential service workers, occupiers and owners of permitted premises, and operators of specified dormitories.

In this Update, we highlight the key changes introduced by the Amendments.

SAL Report on Reforming Insurance Law in Singapore: Is the Insurance Industry Set for Change?
The Insurance Law Subcommittee ("Subcommittee") of the Singapore Academy of Law ("SAL") has been studying potential deficiencies of the current state of insurance law in Singapore. The SAL has now issued the Subcommittee's Report on Reforming Insurance Law in Singapore ("Report"). The Report reviews the law of leading foreign insurance jurisdictions and makes recommendations for reform in identified areas of Singapore insurance law, raising the possibility of potential changes in the legal framework of the industry. Mr Simon Goh, the Head of Insurance & Reinsurance at Rajah & Tann Singapore LLP, served as Chairman of this Subcommittee. Another partner from the Shipping & International Trade Practice Group of Rajah & Tann Singapore LLP, Mr Winston Kwek, served as one of the members of this Subcommittee, with particular focus on marine insurance. In this Client Update, we highlight the key issues identified by the Subcommittee and relevant proposed reforms.

Provisional Measures to Assist Issuers Amid COVID-19

To support issuers listed on the SGX-ST Mainboard during this COVID-19 situation, on 8 April 2020, the Singapore Exchange Regulation (in consultation with the Monetary Authority of Singapore) issued a press release announcing two provisional measures:

  • Enhanced Share Issue Limit: Allowing an issuer to seek a general mandate for an issue of pro-rata shares and convertible securities of up to 100% of its share capital, increasing it from the current 50% limit; and
  • Suspension of Entry into Financial Watch-List: Suspending half-yearly reviews on the first market days of June 2020 and December 2020 to place an issuer on the Singapore Exchange Limited financial watch-list.

This Update discusses the two provisional measures together with some practical notes.

Control Orders under the COVID-19 Circuit Breaker Measures
Under the new circuit breaker measures introduced to combat the spread of COVID-19, one of the key safeguards is the imposition of control orders. On 7 April 2020, the COVID-19 (Temporary Measures) (Control Order) Regulations 2020 ("Regulations") were issued under the Act to impose restrictions on (i) premises and businesses in relation to the closure of premises and the respective controls on essential and non-essential service providers; and (ii) the movement of people, both in public places and in places of residence. In this Update, we provide a summary of the movements which are or are not permitted under the Regulations.

Listed Issuers Granted Automatic 60-day Extension to Hold AGMs Amid COVID-19
On 7 April 2020, Singapore Exchange Regulation ("SGX RegCo") issued a press release announcing that all issuers listed on the SGX-ST Mainboard and Catalist with financial year ending on or before 31 March 2020 are automatically granted a 60-day extension by SGX to hold their annual general meetings (“AGMs”).

This is issued in response to the Singapore Government’s enhanced safe distancing measures (otherwise known as "circuit-breaker" measures) to control the spread of COVID-19. From 7 April 2020 until 4 May 2020, all businesses in Singapore are required to, among other things, suspend activities at their workplace premises unless they are essential service providers. These measures have severely hampered the holding of meetings which require personal attendance of the participants (provided under Singapore law and/or certain legal instruments which provide a similar restriction) and the performance of statutory audits on listed issuers for their full-year financial results.

This Update highlights the matters that a listed issuer should take note of in view of this recent development.

In Solidarity: Third Budget to Support Businesses through COVID-19 Circuit Breaker Measures
On 3 April 2020, Singapore announced that she was moving to implement circuit breaker measures to control the spread of COVID-19. As covered in our earlier Client Update, these circuit breaker measures include school closures and shutdowns for all businesses except those providing essential services, and will remain in place from 7 April 2020 to 4 May 2020 (both dates inclusive).

To alleviate the hardship consequent upon business closures, the Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat, announced the S$5.1 billion Solidarity Budget on 6 April 2020, of which S$4 billion will go towards supporting businesses and workers.

This Update discusses the additional support provided for businesses, which includes measures such as further enhancements to the Jobs Support Scheme and rebates for foreign worker levies paid in 2020. It also covers other relief measures employed by the Monetary Authority of Singapore ("MAS") to assist small and medium enterprises ("SMEs") with continued access to bank credit and insurance cover, and to ensure interbank funding markets remain liquid and well-functioning.

Measures and Relief against COVID-19 and their Impact on Property Owners and Tenants
A suite of relief measures has been rolled out by the Government through the Unity Budget, the Resilience Budget and the Solidarity Budget given the COVID-19 outbreak. Amongst other things, the measures include property tax rebates for owners of eligible properties and rental waivers for tenants of Government agencies. To supplement these measures, the Government, on 7 April 2020, passed the COVID-19 (Temporary Measures) Act 2020 ("Act"). The Act provides targeted and temporary relief for parties that, due to the ongoing COVID 19 outbreak, find themselves unable to perform obligations under the scheduled contracts. This Update provides a summary of these measures and their impact on property owners and tenants.

Joint Ministerial Statement on Ensuring Supply Chain Connectivity amidst COVID-19 Situation
On 7 April 2020, a Joint Ministerial Statement was issued by Singapore, Australia, Brunei Darussalam, Canada, Chile, Lao PDR, Myanmar, New Zealand and Uruguay regarding their collective response to combat COVID-19 and its repercussions on trade disruptions. In this Update, we highlight the commitments by the countries to maintaining open and connected supply chains, and to working closely to identify and address trade disruptions with ramifications on the flow of necessities.

COVID-19 Circuit Breaker Measures: Court Proceedings for Essential and Urgent Matters Only
On 3 April 2020, the Singapore Government announced an elevated set of safe distancing measures to be in place from 7 April 2020 until 4 May 2020 ("Relevant Period"). As part of this initiative, on 6 April 2020, the Supreme Court, State Courts and Family Justice Courts announced that they will hear only essential and urgent matters in the Relevant Period. Registrars' Circulars ("Circulars") have been issued by each of the three Courts to identify the matters that may be considered to be essential and urgent. In this Update, we highlight the key elements of the Circulars, including the identified essential and urgent matters and the relevant timelines and processes.

Covid-19 Circuit Breaker Measures - Asset Management
On 3 April 2020, the Singapore Multi-Ministry Taskforce announced that an elevated set of safe distancing measures will be in place from 7 April 2020 until 4 May 2020. Notably, there will be a suspension of activities at all workplace premises, subject to certain exemptions for selected essential services ("Essential Services"). Entities providing asset management services ("Fund Management Companies") are included as providers of Essential Services. In this Update, we highlight the key aspects of the exemption for Fund Management Companies and the requirements they are subject to during this period.

Changes to Legislation and CIS Code to Operationalise Retail VCC Offerings
The Variable Capital Companies Act 2018 ("VCC Act") relating to the incorporation, operation and regulation of a new Singapore investment funds vehicle known as the variable capital company ("VCC") came into operation on 14 January 2020. Various accompanying amendments were made to applicable existing legislation and new regulations were promulgated to provide the operational framework to implement the VCC Act. The Monetary Authority of Singapore has recently taken the next step to operationalise the VCC framework in relation to the offering of collective investment schemes ("CISs") constituted as VCCs or sub-funds thereof to retail investors in Singapore. This Client Update outlines the key points to note in respect of these recent regulatory changes that are applicable to offers of CISs constituted as VCCs or sub-funds thereof to retail investors in Singapore.

COVID-19 Circuit Breaker Measures: Suspension of Activities at Workplace
On 3 April 2020, the Singapore Multi-Ministry Taskforce announced that an elevated set of safe distancing measures will be in place from 7 April 2020 until 4 May 2020. These enhanced measures aim to act as a circuit breaker to control the spread of COVID-19 in Singapore by minimising movements and interaction in public and private places. Notably, there will be a suspension of activities at all workplace premises, subject to certain exemptions for selected essential services. In this Update, we highlight the scope and key aspects of the measures requiring the suspension of activities at all workplace premises.

Laws Enforcing Telecommuting, Safe Distancing (and More) at Workplace Take Effect 2 April 2020
On 1 April 2020, the Infectious Diseases (Workplace Measures to Prevent Spread of COVID-19) Regulations 2020 ("Regulations") were issued to give legal force to prevention measures against the spread of COVID-19 at the workplace. The Regulations apply throughout the control period of 2 April 2020 to 30 April 2020, inclusive of both dates. Its rapid implementation indicates the gravity of the current situation and the government's determination to ensure compliance. The Regulations apply to employers, principals, and occupiers, and set out prevention measures against the spread of COVID-19 to be put in place at the workplace, including safe distancing and telecommuting.

[Note: Following the Singapore Government announcements on 3 April 2020, new enhanced safe distancing measures will take effect on 7 April 2020. This relates most importantly to the need to work from home. The measures have been significantly tightened, with the critical point that “reasonably practicable” has been removed. The measures critically result in the requirement to close all workplace premises and retail outlets except for certain specified essential services. Non-compliance will result in an offence. This Update must thus be read with reference to these new measures.]

Temporary Relief for Breach of Contract under the New COVID-19 Bill
The new COVID-19 (Temporary Measures) Bill ("COVID Bill") will be introduced in Parliament next week and is anticipated to be passed into law shortly after. As the title suggests, the COVID Bill is intended to provide targeted and temporary relief for parties that due to the ongoing COVID-19 pandemic, find themselves unable to perform obligations under certain scheduled contracts – including contracts to which the government is a party. The COVID Bill will also temporarily increase the existing bankruptcy and insolvency thresholds for individuals and businesses respectively, as well as provide more time to respond to statutory demands from creditors. This Update provides a summary of these temporary reliefs under the COVID Bill.

Keeping the Judicial Wheels Turning: Remote Proceedings in Singapore Courts amid COVID-19
The Ministry of Law has issued a press release announcing that it intends to introduce the COVID-19 (Temporary Measures) Bill ("Bill") in Parliament next week. The Bill includes proposed provisions allowing for the conduct of court proceedings using remote communication technology so as to avoid individuals having to physically appear in court. Rajah & Tann Singapore is well placed to manage remote court proceedings, having supported the pilot remote hearings before the Singapore courts and being fully equipped with remote communication technology. In this Update, we highlight the key aspects of the Bill as it relates to remote proceedings in court.

COVID-19 AGM Pack
As COVID-19 ravages the globe, governments are upending the rules on nearly every aspect of our lives almost daily. These include various social distancing measures to contain the outbreak. Issuers listed on SGX-ST Mainboard and Catalist are facing unprecedented challenges in conducting annual general meetings ("AGMs") and meetings in a manner that complies with new legal requirements, guidance and advisories from various regulatory authorities.

We appreciate the difficulty in keeping track of the rapidly evolving regulatory changes to deal with the COVID-19 situation. Rajah & Tann Singapore LLP is closely monitoring the situation and remains ready to assist.

We are pleased to bring you the COVID-19 AGM Pack that collates our Updates that share with you the latest legislative developments and advisories relating to the conduct of AGMs amid the COVID-19 outbreak. These include our latest Update titled “Listed Issuers' Meetings to Comply with Safe Distancing Measures Amid COVID-19” which discusses the draft COVID-19 (Temporary Measures) Bill that provides for, among other things, temporary alternative arrangements for conducting meetings in a manner that complies with the prevailing safe distancing measures. The Bill is expected to be introduced in Parliament next week and anticipated to be passed into law shortly after.

Listed Issuers' Meetings to Comply with Safe Distancing Measures Amid COVID-19
The impact of COVID-19 is greatly felt and measures are being introduced by the Singapore Government to try to minimise further spread of COVID-19. These include safe distancing measures that would render the holding of annual general meetings ("AGMs") or shareholder meetings difficult for issuers listed on the SGX-ST Mainboard and Catalist which have a large shareholder base.

Issuers are expected to comply with the prevailing safe distancing measures which, among other things, require the organiser of an AGM to ensure that not more than ten individuals are present at the event at any one time. On 31 March 2020, Singapore Exchange Regulation (SGX RegCo), the Accounting and Corporate Regulatory Authority (ACRA) and the Monetary Authority of Singapore (MAS) jointly issued an updated guidance for issuers on the alternative arrangements that may be adopted to ensure that their AGMs are conducted in a manner that complies with the safe distancing measures. On 2 April 2020, the draft COVID-19 (Temporary Measures) Bill which provides for temporary alternative arrangements for conducting meetings in a manner that complies with the Safe Distancing Measures was made available on the Ministry of Law website. This Update provides a summary of this development.

COVID-19 AGM Pack

As COVID-19 ravages the globe, governments are upending the rules on nearly every aspect of our lives almost daily. These include various social distancing measures to contain the outbreak. Issuers listed on SGX-ST Mainboard and Catalist are facing unprecedented challenges in conducting annual general meetings ("AGMs") and meetings in a manner that complies with new legal requirements, guidance and advisories from various regulatory authorities.

We appreciate the difficulty in keeping track of the rapidly evolving regulatory changes to deal with the COVID-19 situation. Rajah & Tann Singapore LLP is closely monitoring the situation and remains ready to assist.

We are pleased to bring you the COVID-19 AGM Pack that collates our Updates that share with you the latest legislative developments and advisories relating to the conduct of AGMs amid the COVID-19 outbreak.

Please find below links to our Updates, including our latest Update titled "Listed Issuers' Meetings to Comply with Safe Distancing Measures" which discusses the draft COVID-19 (Temporary Measures) Bill that provides for, among other things, temporary alternative arrangements for conducting meetings in a manner that complies with the prevailing safe distancing measures. The Bill is expected to be introduced in Parliament next week and anticipated to be passed into law shortly after.

Date
Listed Issuers' Meetings to Comply with Safe Distancing Measures Amid COVID-19 2 April 2020
Holding AGMs Amid COVID-19: Guidance from SGX RegCo 23 March 2020
Steps for Seeking SGX Waiver for Extension to Hold AGMs by 30 June 2020 Due to Covid-19 Outbreak 6 March 2020

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