In this article, we cover some of the key take aways from the MAS Notice including, who is affected and what sort of activity is now prohibited.
Articles
Singapore’s sanctions on Russia – A brief overview on the new laws and practical implications on businesses
Following the Russian invasion of Ukraine, the Singapore government has joined other members of the international community in imposing unilateral sanctions on Russia.
A Successful Career in Law (aka Your Survival Kit)
It’s your future self here. Sorry it’s taken 30 years to drop you a note. But with all this “lawyers leaving the profession” and “the profession is toxic” stuff going round in the press, I thought it was high time to write and give you a few pointers.
Arbitration and the Arbitral Tribunal “Even Achilles is Only as Strong as His Heel”
Arbitration is said to have three main advantages over litigation, being that the parties can nominate their preferred arbitrators to the Tribunal and, for the most part, proceedings are confidential and the awards cannot be appealed.
“DON’T JUST SIT THERE. DO SOMETHING!” Contractor or Insurer: Who Pays the Costs of Mitigating the Loss?
One of the more difficult areas of non-marine insurance law is whether an insured party is obliged to avoid or mitigate a loss and, if it takes steps to avoid or mitigate a loss, whether the insurer, that enjoys the benefit of such action, must pay the cost of taking those steps.
Singapore High Court Issues First Judgment on Pandemic Restrictions – What are the Key Takeaways?
In Dathena Science Pte Ltd v Justco (Singapore) Pte Ltd [2021] SGHC 219, the Singapore High Court made its first determination on the effect of pandemic restrictions on contractual obligations. The judgment provided guidance on the instances whereby: (a) a contract would be deemed to be frustrated; and (b) the contractual terms would be deemed to be unfair.
Arbitration Proceedings – Conditional Fee Arrangements to be Legalised in Singapore
Earlier this month, the Ministry of Law introduced the Legal Profession (Amendment) Bill for first reading before the Singapore Parliament. The proposed amendments will legalise conditional fee arrangements (“CFA” or “CFAs”) in certain contentious proceedings.
Arbitration Agreements – What Happens When the Governing Law of the Arbitration Agreement is Not Expressly Specified?
In this briefing note, we discuss the judgment and share our thoughts on how parties may manage the likelihood of success of arbitration proceedings.
Dispute Management – How Long Will it Take and How Much Will it Cost?
We set out a number of points that clients should consider with their counsel to minimise the time and cost, and optimise the outcome, of arbitration proceedings.
Hurricanes Rita and Katrina, The Thai Floods, and Covid-19. Why Is It So Important For The Insurance Industry To Join The Dots?
In 2005, Hurricanes Rita and Katrina battered the City of New Orleans. In 2011, widespread flooding devastated vast areas of the Kingdom of Thailand. In 2020, Covid-19 introduced a worldwide pandemic to much of the globe. In the insurance industry, what’s the connection and why is it so important to join the dots, whether you are an Insurer or Coverholder?
