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...
Introduction In a landmark decision, the General Division of the High Court of Singapore issued a proprietary injunction and a worldwide Mareva injunction against unidentified persons to prevent the dissipation of cryptocurrency assets that were claimed to have been stolen. It also ordered two centralised cryptocurrency exchanges to disclose information on the accounts credited with...
“A box without hinges, key, or lid, yet golden treasure inside is hid.” – J.R.R. Tolkien Blockchain. Smart contracts. Tokenization. Buzzwords of the 21st century with promises of opportunities for golden treasure made accessible to the general population. However, beyond the immense hype built around them, these concepts still remain a mystery to many and...
In the face of Russia’s gross violation of both the UN Charter and international law via their invasion of Ukraine, Singapore’s Minister for Foreign Affairs announced in his Ministerial Statement to Parliament on 28 February 2022 of the Singapore Government’s intentions to, in concert with other like-minded countries, impose appropriate sanctions and restrictions against Russia....
PK Wong & Nair LLC advised the vendors of A-star Testing & Inspection, a leading global ultrasonic measurement (UTM) and non-destructive testing (NDT) business headquartered in Singapore in the sale to Phenna Group (UK). The PK Wong & Nair team was led by co-managing director Mark Wong and Associate Director Jacinda Wong, with support from...
