eOASIS HOME  
LEGAL UPDATES  
NEWSBYTES
REGIONAL ROUND-UP
AUTHORED PUBLICATIONS
RTA COVID-19 RESOURCE CENTRE
ARBITRATION ASIA
 
 
 

Legal Updates

Legal Updates for July 2018

Singapore High Court Decides on Set-Offs and Costs Implications
In a commercial dispute, it is not uncommon for there to be both claims and counterclaims between the same parties. In Inzign Pte Ltd v Associated Spring Asia Pte Ltd [2018] SGHC 147, the Singapore High Court was faced with a situation where the awarded sum for the Defendant’s counterclaim was higher than the awarded sum for the Plaintiff’s claim. The Court thus had to determine the issues of set-off and costs implications. The Defendant was successfully represented by Lai Yew Fei and Tao Tao of Rajah & Tann Singapore LLP.

Competition Bites – South-East Asia & Beyond
2018 is now into its second half and continues to see competition regulators active. The issues which come up for attention are not limited to those in ecommerce and cuts across multiple industries. Several of the Southeast Asian regulators have also grown more sophisticated and have been taking on more complex cases, handling difficult issues. The Grab-Uber merger is one such example, where Singapore has proposed imposing financial penalties alongside various commitments. {start}Read{end} on if you don’t want to miss out on the latest developments in competition law around the globe.

CCCS Consults on Proposed Remedies for Grab/Uber Merger
On 5 July 2018, the Competition and Consumer Commission of Singapore ("CCCS") announced that it had issued a Proposed Infringement Decision ("PID") against Grab and Uber in relation to the sale of Uber's Southeast Asian business to Grab in consideration of Uber holding a 27.5% stake in Grab ("Transaction"). The CCCS's provisional finding is that the Transaction has led to a substantial lessening of competition in the market for the provision of ride-hailing platform services in Singapore. Under the PID, the CCCS proposes to impose financial penalties on the merger parties (a first since the merger regime was introduced in 2007), together with various remedies. This Update provides a summary of the CCCS's provisional findings and proposed recommendations.

Higher Stamp Duty Rates and Tightened Loan-to-Value Limits on Residential Property Purchases
On 5th July 2018, the Singapore government announced new property cooling measures – the rates for Additional Buyer's Stamp Duty would be raised and the loan-to-value limits granted by Banks would be reduced. Our article explores the key changes of the new measures which take effect from 6th July 2018, as well as the implications of the changes.

2021: 
J | F | M | A | M | J | J | A | S | O | N | D | 

2020: 
J | F | M | A | M | J | J | A | S | O | N | D | 

2019: 
J | F | M | A | M | J | J | A | S | O | N | D | 

2018: 
J | F | M | A | M | J | J | A | S | O | N | D | 

2017: 
J | F | M | A | M | J | J | A | S | O | N | D | 

2016: 
J | F | M | A | M | J | J | A | S | O | N | D |