Earlier in the year, during the Singapore Budget Statement 2022 on 18 February, it was announced by the Minister of Finance that there will be several changes introduced to our foreign worker policy framework to better allow businesses to access a diverse pool of manpower. Notably, as part of these changes, there will be an...
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...
PK Wong & Nair LLC is delighted to have been involved in advising on the successful divestment of Team Metal (S) Pte Ltd (“Team-Metal”). The PK Wong & Nair LLC team, led by Co-Managing Director Mark Wong with support from Associate Director Jacinda Wong, Senior Associate Lim Teck Jin and Associate Cheryl Theng, advised and...
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...
Singapore Democratic Party v Attorney General [2021] SGCA 96 Between June and December 2019, the Singapore Democratic Party (“SDP”) published (on their website and by way of hyperlinks to Facebook posts), an article on their population policy (the “SDP Article”). The SDP Article said, among other things, as follows: “The SDP’s proposal comes amidst a...
It is well known that third-party funding is permissible for arbitration proceedings under section 5B of the Civil Law Act (Cap. 43). It is also well known that rescue financing can be granted super priority under section 67 of the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”). What happens however when the third-party arbitration funding...
The Ministry of Manpower has just released an Advisory on Covid-19 Vaccination in Employment Settings. Employers in the private sector have been looking forward to these guidelines since Covid vaccinations for the general population became available earlier this year, so as to come up with their own policies on employee vaccinations. The Advisory is an...
In June 2020, the High Court of Singapore (now the General Division of the High Court) dismissed a lawsuit commenced by CIMB Bank Berhad (“CIMB”) against World Fuel Services (Singapore) Pte Ltd (“WFS”) (See CIMB Bank Berhad v World Fuel Services (Singapore) Pte Ltd [2020] SGHC 117. CIMB appealed. On 5 March 2021, the Court...
