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...
Today, we are living in what has been commonly (and aptly) termed the “digital age”, a time where digital technologies leads rapid technology change. In a blink of an eye, our personal data has become one of the most valuable commodities for businesses. From social media to sign up forms to website cookies, our personal...
The use of private email addresses for work purposes is not an uncommon practice – a recent survey by Avatier showed that nearly 40% of respondents use personal email accounts for work-related emails. Such trends have understandably caused much concern for employers, who fear the business and legal risks of such behaviours. For instance, it...
PK Wong & Nair LLC (“PK Wong & Nair”) officially launched its joint law venture with Mayer Brown (“JLV”) on 1 January 2023 to become the first JLV established in Singapore since November 2016. The JLV, known as Mayer Brown PK Wong & Nair Pte. Ltd (“Mayer Brown”), is led by Mark Wong, Co-Managing Director...
