‘Selective Capital Reduction as a Delisting Method’ – This update discusses the recent delisting exercise undertaken by Best World International Limited by way of a selective capital reduction, and elaborates briefly on selective capital reduction as a delisting and squeeze-out method.
Selective Capital Reduction as a Delisting Method
On 30 May 2024, the Infocomm Media Development Authority (“IMDA”) and AI Verify Foundation (“AVF”) finalised the Model AI Governance Framework for Generative AI in Singapore. On 31 May 2024, IMDA and AVF launched Project Moonshot, an open-source Large Language Models (“LLM”) evaluation toolkit to allow businesses to assess their AI applications in terms of performance and safety. This legal update outlines the key changes made to the finalised Model AI Governance Framework and provides an overview of Project Moonshot.
Legal […]
This client note provides a brief summary of the upcoming Green Claims Directive in the EU, and discusses the framework by which greenwashing claims will be addressed in Singapore.
Greenwashing: Keeping Environmental Claims Clean in the EU and Singapore
This update discusses the Singapore Exchange Regulation’s recent public consultation, whereby it proposed amendments to the SGX-ST Listing Rules to impose an obligation on issuers to facilitate the convening and conduct of shareholder-requisitioned meetings under sections 176 and 177 of the Companies Act 1967 of Singapore.
Legal Update: SGX RegCo’s Public Consultation on the Facilitation of Shareholder-Requisitioned Meetings
This Legal Update provides a summary of the new Significant Investments Review Act 2024 (“SIRA“), which came into effect on 29 March 2024. SIRA establishes an investment management regime to review and regulate significant investments into entities critical to Singapore’s national security interests.
Legal Update: Significant Investments Review Act 2024
This legal update provides an overview of the amendments brought by the Cybersecurity (Amendment) Bill of 7 May 2024 and sets out their impact on existing owners of computers or computer systems when the Bill comes into operation.
Legal Update: Cybersecurity (Amendment) Bill
This Client Note provides a summary of the relevant considerations relating to the new “Divorce by Mutual Agreement” option in Singapore.
Client Note: Divorce by Mutual Agreement
This client note provides a brief framework to address three competition-law issues businesses should consider before entering environmental sustainability collaborations.
Competition Law Issues relating to Environmental Sustainability Collaborations
On 13 March 2024, the European Parliament approved the Artificial Intelligence Act, the world’s first comprehensive legislation specifically designed to regulate artificial intelligence systems. This legal note offers an overview of the obligations introduced by the Act and outlines the preparatory steps that Singapore-based businesses and organisations deploying AI systems in the European Union should consider. The Act is expected to commence in the second or third quarter of 2024.
Pioneering AI Governance: A First Look into the Landmark EU AI […]
This legal update discusses the Monetary Authority of Singapore’s recent decision to sunset the Registered Fund Management Companies regulatory regime so as to streamline the regulatory framework for fund managers in Singapore with the overall goal of encouraging the growth of Singapore’s fund management industry.
Legal Update: Proposed Repeal of the Registered Fund Management Companies Regulatory Regime