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What is the Effective Date of a Share Transfer?
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What is the Effective Date of a Share Transfer?

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...

Sanctions and their effects on Banks and Liquidators in Singapore
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Sanctions and their effects on Banks and Liquidators in Singapore

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 LLC involved in PDV Marina wind-up identified as “Impact Case Winner” at Benchmark Litigation Asia-Pacific Awards 2023
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PK Wong & Nair LLC involved in PDV Marina wind-up identified as “Impact Case Winner” at Benchmark Litigation Asia-Pacific Awards 2023

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...

Budget Updates – The Employment Perspective
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Budget Updates – The Employment Perspective

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...

Use of Private Email Addresses for Work Purposes
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Use of Private Email Addresses for Work Purposes

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...

The Fiduciary Principle: Being a Servant of Two Masters
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The Fiduciary Principle: Being a Servant of Two Masters

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.”...

Recent Developments affecting Cross-Border Transactions
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Recent Developments affecting Cross-Border Transactions

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...

Upcoming changes to the PDPA: Introducing Data Portability
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Upcoming changes to the PDPA: Introducing Data Portability

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...