新加坡国会于2021年1月4号通过《付款服务（修正）法案》
修正案在2019年的法案基础上，在 “反洗黑钱与反恐怖融资”，“加强对数码支付代币供应商监管”等方面作出了改善。它不仅仅完善了新加坡的支付服务监管框架，与全球接轨。金管局也能够灵活地从多方面对应种种风险。
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COVID-19 Pandemic: Relief Measures for Businesses in Myanmar
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Myanmar’s economy and businesses have seen a significant slowdown caused by the COVID-19 pandemic. To curb with this slowdown, the Myanmar government has come out with various measures that are intended to provide relief to the affected businesses. The various relief measures implemented across the government ministries are as follows:
Financial Relief for Priority Sectors
The Ministry of Planning, Finance and Industry (“MOPFI”) issued Notification No. 1/2020 on 18 March 2020 stating that businesses in the cut, make and pack sector, hotels, tourism companies, and small and medium enterprises (“Priority Sectors”) are entitled to the following reliefs:
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Validity of Electronic Signatures in Myanmar
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English Version | Chinese Version
The COVID-19 pandemic impacts all aspects of our daily lives. Government authorities around the world have imposed various measures to reduce physical contact among people, including travel bans and movement restrictions (i.e., stay-at-home orders). Nevertheless, business transactions can still be performed by electronic means, including electronic communication/transmission and execution by e-signature. Reflecting changing needs, Myanmar also allows electronic signature documents to be exhibited as evidence in its courts and recognizes the legal validity of electronic signatures inserted onto commercial documents. Still, questions remain about the validity of electronic signatures for important transactions.
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Loan Obligations: Relief Measures During the COVID-19 Pandemic
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.
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COVID-19 in Myanmar: Impact on Commercial Contracts and Employment
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English Version | Burmese Version | Chinese Version
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.
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A Message from our Chairman
The COVID-19 pandemic has been rapidly evolving and the safety and health of our staff and clients are of utmost importance. In compliance with the Singapore government’s advisory and to further prevent the spread of the coronavirus, our split team arrangements will cease and our office will be fully closed from 7 April till 4 May 2020.
In the meantime, our lawyers will work from home and can be reached via email and telephone. Our robust IT and communication systems will ensure that you continue to receive the same level of responsiveness and service.
Our Firm stands ready to guide you through issues related to this crisis and we will continue to provide updates and resources to address your concerns.
Our multi-disciplinary COVID-19 team provides comprehensive and swift responses on specific legal issues arising from disruption of your commercial transactions as a result of the crisis. Our team is part of a global practice group which constantly monitors the situation worldwide and is available to advise across all industries and practice areas.
During these extraordinary and uncertain times, please do not hesitate to reach me, any of our Directors, or your usual contact at our Firm. We want you to know that we are here for you and our team is committed to support you during this challenging period.
Should you wish to contact our COVID-19 team directly, please reach us at: covid19team@duanemorrisselvam.com
More COVID-19 Resources can be found on our LinkedIn page .
Please stay healthy and safe.
Leon Yee
Chairman
Duane Morris & Selvam LLP
COVID-19 in Singapore: What Can Commercial Tenants Do?
The global outbreak of the novel coronavirus (COVID-19) is the most critical problem facing the world now.
The Singapore government has acted swiftly to reduce the risks of local transmission. At the time of publication of this Alert, all bars and entertainment venues such as nightclubs, cinemas and games centres have been prohibited from operating. In addition, all gatherings involving more than 10 persons have been prohibited. Food and beverage, retail, and health and fitness businesses have been allowed to continue their operations (but with further precautionary measures)―for now. It is certain that these regulations will, and must, be tightened if the health crisis continues on its current trajectory.
To read the full text of this Duane Morris Alert, please visit the firm website.