Practical Law: How to obtain recognition of a foreign insolvency process and how to enforce insolvency-related judgements
This practice note provides a guide to the domestic process and requirements for gaining legal recognition of a foreign insolvency process in Singapore. This guide also details any seperate considerations around the enforcement of insolvency-related judgments in Singapore.
Vroon restructuring: A lesson in adapting to and overcoming challenges
The restructuring of the Vroon group after years of negotiation and challenges serves as a lesson in how to adapt to changing conditions and to overcome the same to achieve a successful restructuring.
Singapore publishes Final Report on upcoming Workplace Fairness Legislation
On 4 August 2023, the Tripartite Committee on Workplace Fairness (Tripartite Committee) released its final policy recommendations on the proposed legislative framework to enhance workplace fairness (referred to as the Workplace Fairness Legislation, or WFL), by way of a Final Report that has been accepted by the Singapore Government (Final Report).
The Singapore High Court rules that Crypto Assets are “things in action” capable of being held on trust: ByBit Fintech Ltd v Ho Kai Xin and others  SGHC 199
The Singapore Courts have issued yet another landmark decision on the nature of crypto assets. In ByBit Fintech Ltd v Ho Kai Xin and others  SGHC 199, the High Court was presented with the issue of whether crypto assets are property capable of being held on trust, and if so, what type of property they are.
CCCS seeks public feedback on Guidance Note for Environmental Sustainability Collaborations
On 20 July 2023, the Competition and Consumer Commission of Singapore (CCCS) announced a public consultation to seek feedback on its proposed Guidance Note on Business Collaborations Pursuing Environmental Sustainability Objectives (Environmental Sustainability Collaboration GN). The consultation will run until 27 August 2023.
Cryptocurrency: A perspective from Singapore
Investors suffered very significant losses as a result of the wave of collapses in the crypto sector in 2022.
Financial Services and Markets Act 2022 – 1st phase commencement
The Financial Services and Markets Act (FSMA) was passed in Parliament on 5 April 2022. The FSMA is expected to be implemented in phases, with the first phase having commenced on 28 April 2023.
Global Workplace Insider: Singapore employment and labour guide
As a global business hub, Singapore is the preferred choice for many multinational corporations which operate in the Asia-Pacific region. An important issue that these corporations must deal with is employment and labour laws and regulations.
The rise of Singapore
Singapore is becoming a major restructuring hub due to various factors not least to the restructuring community’s commitment to push through major law reforms and flexible court processes.
Singapore steps up controls over workplace fairness and discrimination
Since the start of 2023, there have been a number of significant developments in the employment landscape in Singapore, largely focused on workplace fairness and discrimination.
Restructuring your business: The Asian perspective
In the current economic climate, and particularly in the context of the implications of COVID-19 (coronavirus), many businesses are considering restructuring and/or rescheduling indebtedness.
Kei-Jin Chew receives top accolade from the Law Society of Singapore
Kei-Jin Chew, partner in Norton Rose Fulbright and the managing director of Ascendant Legal, the Formal Law Alliance (FLA) law firm with Norton Rose Fulbright in Singapore, has been conferred with this year’s C C Tan Award by the Law Society of Singapore. This is the highest award presented by the Law Society and recognises the recipient’s virtues of honesty, fair play and personal integrity.
Singapore Employment Law Update september 2022
The Ministry of Manpower (MOM) has recently announced several enhancements to the work pass regime to strengthen Singapore’s position as a global hub for talent.
Electronic signature law: A global guide
As many of us are adapting to homeworking across the globe, bringing deals to a close and executing documents remotely has never been more pertinent.
Recent case law developments in Singapore’s restructuring and insolvency laws show balancing between pro-rehabilitation policies and pro-creditor policies
Singapore continues to develop its status as an upcoming international hub for debt restructuring.
Singapore Employment Law Update: April 2022
The Singapore Ministry of Manpower (MOM) announced several changes to the S Pass and Employment Pass (EP) regimes in relation to the hiring of foreign employees.
Keeping with the times: CCCS updates competition guidelines and issues guidance note for businesses
The Competition and Consumer Commission of Singapore (CCCS) recently issued a guidance note for businesses to provide a clearer conceptual framework as to how the CCCS will analyse and evaluate cases, and revised several of its guidelines.
Global brochure: Law around the world
Norton Rose Fulbright provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.
Withholding evidence on the ground of Common Law Public Interest Immunity in Singapore
The Singapore High Court recently confirmed in Mah Kiat Seng v Attorney-General  SGHC 202 (Mah Kiat Seng) that the common law doctrine of public interest immunity remains part of Singapore law and was not superseded by the enactment of the Evidence Act (Cap. 97) (EA) in 1893.
Singapore to enshrine workplace anti-discrimination laws
On 29 August 2021, Singapore Prime Minister Lee Hsien Loong announced that the Government will enact new laws to formally enshrine the Tripartite Guidelines on Fair Employment Practices (“TAFEP Guidelines”) into statute.
Kei-Jin Chew recognised in Who's Who Legal: Southeast Asia 2021
Kei-Jin Chew, managing director of Ascendant Legal, is recognised as being among Southeast Asia’s leading business lawyers and experts in Arbitration and Litigation in Who's Who Legal: Southeast Asia 2021.
MAS Consultation – Proposed amendments to impose requirements on financial institutions conducting unregulated business
The Monetary Authority of Singapore (MAS) issued a consultation paper on 2 July 2021 seeking views on various proposals, including to introduce powers to enable the MAS to impose requirements on certain financial institutions conducting unregulated business.
Ascendant Legal recognised as Recommended Firm in Benchmark Litigation Asia-Pacific 2021
Ascendant Legal is delighted to be ranked in Benchmark Litigation’s Asia-Pacific 2021.
Singapore: Competition law fact sheet
Our Asia Competition Law fact sheets provide insights into the main competition law regimes across Asia.
Ascendant Legal and Norton Rose Fulbright are registered as a Formal Law Alliance
In 2018, Ascendant Legal LLC entered into a Formal Law Alliance (FLA) with global law firm Norton Rose Fulbright.
Blog series: Animal, Vegetable, Token
This blog series has been named after the classic children’s categorisation game where one player names an object and the other player has to categorise it as an animal, vegetable or mineral.
Consortium advised on combination of Singlife and Aviva’s Singapore businesses for SG$3.2bn
Norton Rose Fulbright worked together with Latham & Watkins advising a consortium, led by Singapore Life (Singlife) and TPG, on the combination of Singlife with Aviva Singapore for SG$3.2bn (approximately. US$2.4bn).