Introduction
On 15 April 2020, the Singapore Mediation Centre (“SMC”) enacted Supplementary Rules for Electronic Adjudication Lodgment to provide for:
On 31 March 2020, the Monetary Authority of Singapore (MAS) announced a package of targeted relief measures that was rolled out together with the Association of Banks in Singapore, the Life Insurance Association, the General Insurance Association and the Finance Houses Association of Singapore to provide temporary relief for individuals and small- and medium-sized enterprises (SMEs) facing liquidity problems during the COVID-19 pandemic. In this collapsing world economy, these measures could be a lifeline to stave off bankruptcy and winding-up actions.
Continue reading “Loan Obligations: Relief Measures During the COVID-19 Pandemic”
With the COVID-19 pandemic continuing to overwhelm economies, a number of listed companies globally have already recapitalized through equity fundraising in the capital markets. New equity has helped these companies shore up their balance sheets and obtain liquidity. This Alert discusses equity fundraising options for listed companies in Asia and complements our prior Alert that discussed options for Asian companies to manage their outstanding bond liabilities. Continue reading “COVID-19 – Equity Fundraising Options for Listed Companies in Asia”
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The coronavirus outbreak is having a significant impact on the global economy and markets. As the coronavirus sweeps around the world, emerging and frontier countries like Myanmar face more challenges.
Since March 2020, the Myanmar government has introduced several immigration measures to reduce the transmission, including temporary suspension of issuing all types of visas and compulsory quarantine requirement for all travelers entering Myanmar. The Myanmar government also subsequently imposed a movement restriction requesting all residents to stay at home during the Thingyan festival (Myanmar New Year), in conjunction with the immigration measures.
Continue reading “COVID-19 in Myanmar: Impact on Commercial Contracts and Employment”
2020년 4월 7일 싱가포르 의회는 다음과 같은 두개의 중대한 COVID-19 관련 법률을 통과시켰습니다:
이 기고문은 임시 조치법과 통제 명령에 대한 주요 내용을 제공하기 위해 작성되었습니다.
2020년 3월 11일 세계보건기구 (WHO)는 신종 코로나바이러스(이하 “COVID-19“)의 발병을 세계적인 유행병으로 선언했습니다. 2020년 4월 14일 기준으로 세계적으로 186만 4,360명이 COVID-19 감염 확진 판정을 받았으며 사망자는 11만 8,246명입니다. COVID-19는 전 세계적으로 큰 영향을 끼쳤습니다. 각국은 국경을 폐쇄하고 지역 봉쇄를 통해 국민들의 움직임에 제재를 가하기 시작했습니다.
Continue reading “신종 코로나 바이러스 (COVID-19): 현재까지의 법적 영향 및 향후 전망”
The COVID-19 pandemic and resulting preventative measures, including social distancing, business closures and the prohibition on construction in Singapore from 7 April 2020 to 4 May 2020, will severely affect Singapore’s citizens and economy.
The construction industry faces numerous challenges, particularly with labour costs during this crisis. This article addressess the Singapore government’s relief measures for construction and supply companies, steps these companies can take themselves, as well as some frequently asked questions.
Continue reading “Dealing with Manpower Costs during the COVID-19 Pandemic”
Note: This is an update to our 7 April 2020 Alert.
On 3 April 2020, the Building and Construction Authority (BCA) released an advisory to inform contractors that to reduce the risk of further local transmission of COVID-19, all building work (except for essential works) are to cease from 7 April 2020 to 4 May 2020, known as the Circuit Breaker Period.
Continue reading “Dealing with COVID-19 in the Construction Industry – An Update”
For most of us working from home and actively telecommuting to help stem the tide of local transmissions of COVID-19 during this crucial period, technological advancements in digital communication and remote access have been a boon.
It is thus timely to restate the guiding principles of “electronic signatures” and their use in electronic records and transactions that have become increasingly commonplace.
The COVID-19 pandemic has necessitated the implementation of safe distancing measures as well as the current “circuit breakers” by the Singapore government. Many companies incorporated in Singapore are statutorily required to hold their annual general meetings (AGMs) while such control measures are in place, which may prevent AGMs from taking place by the stipulated period.
