Group Lease Holdings Pte Ltd v Group Lease Public Co Ltd [2024] SGHC 302 Group Lease Holdings Pte Ltd v Group Lease Public Co Ltd [2024] SGHC 302 is an important decision on a variety of issues including the applicable tests for interim prohibitory versus interim mandatory injunctions and whether a contract entered into in...
In Singapore, employers have several key legal obligations when it comes to employment matters. These include paying the agreed-upon salary or wages, as outlined in the Employment Act 1968 (the “Act“), which also governs salary payments, deductions, and variable wages. Employment contracts often include provisions for discretionary bonuses. The National Wages Council issues annual wage...
As we approach the year end, we look back on the year and the numerous layoffs, retrenchments and labour cutting measures that Singapore companies have taken in 2024. It is particularly interesting to note the different levels of scrutiny and publicity each company was subject to. Most recently, Samsung Electronics, Dyson, One Championship and Love,...
On 19 June 2024, the Privy Council delivered a significant judgment in the case of Sian Participation Corp (In Liquidation) v Halimeda International Ltd [2024] UKPC 16. This case, emerging from the British Virgin Islands (BVI), deals with the tension between the enforceability of arbitration agreements and the practicalities of insolvency proceedings. The ruling has...
When does share title pass when you sell shares in a private company? Previously, it passes when the seller and the buyer signs a document called the share transfer form. The date of the share transfer form is the effective date on which the share title passes. Has that position changed with the enactment of...
The Corporate team led by Mark Wong, Jacinda Wong, Teck Jin Lim, and Bjorn Tan is pleased to see our clients through the successful close of the transaction for the sale of Equiptest Engineering Pte Ltd (EQT) to Cohu, Inc (NASDAQ: COHU). The team advised the founders in the sale of their 100% shareholding interest in EQT to...
Sanctions can affect Singapore parties whether or not they are imposed by Singapore. We have recently had occasion to deal with issues arising out of US sanctions against Venezuela, and European Union and Singapore sanctions against Russia, and have had to consider specific issues relating to the potential liabilities of liquidators and the applicability of...
PK Wong & Nair acts for the liquidator of CV Shipping, a 50/50 joint venture company between Petrochina International (Singapore) Pte Ltd and PDV Marina SA (“PDVM”). PDVM, a company incorporated in Venezuela is a wholly owned subsidiary of Petroleos de Venezuela (“PDVSA”), which is in turn a Venezuela state-owned entity. The case raised important...
Women in Singapore already have a range of benefits and protections, including legal rights and policies aimed at promoting gender equality and women’s empowerment. Here are some examples: 1. Workplace protections: We have regulations that prohibit discrimination in the workplace on the basis of gender, and require employers to provide equal pay for equal work....
On 14 February 2023, the Deputy Prime Minister and Minister for Finance of Singapore delivered the long-awaited 2023 Budget Statement, which sought to showcase the country’s effort moving forward in “building our capabilities and seizing new opportunities in a new era of global development”. Of note, amongst the myriad of policies and changes introduced during...
