The Access Obligation Under section 21(1) of the Personal Data Protection Act 2012 (“PDPA”), an individual has the right to access personal data about him that is in an organisation’s possession or under its control, and information on how such personal data has been collected, used or disclosed. This is termed as the Access Obligation […]

Introduction On 31 May 2021, the Singapore Academy of Law’s Law Reform Committee (“LRC”) released a report recommending the creation of statutory Non-Charitable Purpose Trusts (“NCPTs”) for certain purposes in Singapore.  As Singapore currently follows the common law position, NCPTs are generally regarded as invalid for offending the beneficiary principle and the rule against perpetuities, […]

On 1 July 2021, the Singapore Exchange Regulation (“SGX RegCo”) released a new Regulator’s Column regarding its expectations of the Board and Nomination Committees (“NCs”) of SGX-listed companies when directors join or resign. 1. Directors are fiduciaries of the company The SGX RegCo noted that directors are fiduciaries of the company, who have undertaken to […]

In early June 2021, Facebook announced that employees whose jobs could be done remotely may request to work remotely from wherever they may be, and that it would support remote work opportunities inter alia, in the Europe, Middle East, and Africa regions, allowing employees to move from anywhere to the UK[1]. This is but one of the many […]

Force Majeure clause in the contract Force majeure is commonly understood as a specific kind of contractual clause which excuses the parties from their contractual obligations when an unexpected, external event has occurred that prevents or inhibits performance. There is no general rule as to what amounts to a force majeure event; whether a force […]

The Covid-19 pandemic has affected the businesses of many companies in unprecedented ways and will forever change the way businesses operate. Employers looking to hire may wish to change the terms in their employment contracts to suit the work transformations that have taken place as a result of the pandemic. In particular, the effectiveness of […]

Background Indonesia’s Ministry of Investment, otherwise referred to as the Investment Coordinating Board, (Badan Koordinasi Penanaman Modal or “BKPM”) has issued the BKPM Regulation 4 of 2021 (“Reg 4/2021”), which came into effect on 2 June 2021. This article provides a quick update on the changes brought forth by Reg 4/2021 on the paid-up capital […]

Purpose of the FATF Travel Rule It is common for virtual assets such as cryptocurrencies to be used as a means to layer illicit transactions, in which Virtual Asset Service Providers (“VASPs”) operating in jurisdictions that do not have effective anti-money laundering (“AML”) and counter terrorist financing (“CTF”) regulation in place are commonly exploited by […]