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 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.
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 This Update provides a summary of the Guidance Note and highlights the differences from the draft guidance note.