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...
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...
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...
A review of the key learning points from the case of Tan Teck Kee v Ratan Kumar Rai and others [2022] SGCA 62 The fiduciary duties of directors in companies – now commonly referred to as the no-conflict and no-profit rule – find their roots in the precept that “no man can serve two masters.”...
As 2022 draws to a close, we look at some recent developments affecting cross-border transactions. New determinants in cross-border M&A Contrary to popular belief, COVID-19 does not always hamper deal-making. Whilst cross-border M&A saw a dry spell in the early days of the pandemic, now, more than two years after the World Health Organisation first...
Passed in Parliament on 2 November 2020, the Personal Data Protection (Amendment) Bill introduced a slew of amendments and new concepts to the existing framework under the Personal Data Protection Act (“PDPA”). One of the new concepts is that of data portability under the proposed new Part VIB of the PDPA. Although this Part VIB...
Singapore, 25th October 2022 – PK Wong & Nair LLC (“PK Wong & Nair”) announced today that it will enter into a Joint Law Venture (“JLV”) with global law firm Mayer Brown, after receiving formal approval from the Singapore Legal Services Regulatory Authority. The JLV, to be known as Mayer Brown PK Wong & Nair...
On 2 November 2020, the Personal Data Protection (Amendment) Bill was passed in Parliament and set into motion the introduction of several key changes to the Personal Data Protection Act (“PDPA”). Coming into effect on 1 February 2021, some of the amendments to the PDPA included the increase of the cap for financial penalties for...
