Welcome to the 2nd issue of the Dentons Rodyk Reporter in 2018.

The Dentons Rodyk Reporter is a compendium of commentaries produced and published by Dentons Rodyk Academy on a weekly basis. You may download the PDF report to read the complete issue, or read the articles using the links below. The updates and articles on the latest developments in the law and industry practices are conveniently categorised in these specialist bulletins:

Arbitration Review

• Paving the way for third-party dispute resolution funding in Singapore

Business Bulletin

• Singapore Budget 2018 - How will the changes impact businesses and individuals
• Singapore Employment Act Amendments: Expanding coverage to professionals, managers and executives while tightening rules on hiring foreigners
• Stricter compliance measures for listed companies

Competition Law Alert

• Indonesian Business Competition Supervisory Commission (KPPU) Chair hints of enforcement against foreign companies arising from amendments to Indonesia Competition Law

Construction and Arbitration Update

• Setting aside an SOP Act Adjudication Determination

Litigation Brief

• Protecting against foreseen risks

Property Notes

• Budget 2018 Buyers Stamp Duty Changes
• Short-term home sharing in Singapore: is it here to stay?

Showing 1 - 9 of Total Results (9)

Paving the way for third-party dispute resolution funding in Singapore

February 20, 2018

In 2017 Parliament aligned Singapore with other leading arbitration jurisdictions, such as London, Paris and Geneva, in embracing third-party funding as a viable method in increasing the access to justice of parties involved in specific arbitration proceedings.

Singapore Budget 2018: How will the changes impact businesses and individuals?

March 6, 2018

The 2018 Singapore Budget Statement, announcing various tax changes, was delivered by Finance Minister Heng Swee Keat on 19 February 2018 – highlighting a record budget surplus of S$9.61 billion for Financial Year 2017 and GDP and productivity growth from previous years.

Singapore Employment Act Amendments: Expanding coverage to professionals, managers and executives while tightening rules on hiring foreigners

March 9, 2018

Due to the increasing number of professionals, managers and executives (PMEs) in the Singapore workforce, the Ministry of Manpower has made various changes to the Employment Act of Singapore (the Act) – most notably expanding coverage to PMEs earning more than S$4,500.

Stricter compliance measures for listed companies

March 9, 2018

The Corporate Governance Council (the CG Council), through its recently issued consultation paper, has proposed amendments to the Singapore Code of Corporate Governance (the CG Code 2012) and the Listing Rules of the Mainboard of the Singapore Exchange Securities Trading Limited (SGX Listing Rules).

Indonesian Business Competition Supervisory Commission (KPPU) Chair Hints of Enforcement Against Foreign Companies Arising from Amendments to Indonesian Competition Law

February 23, 2018

The Chair of the Indonesian Business Competition Supervisory Commission (the KPPU), Syarkawi Rauf, has hinted at “taking action against foreign companies” that violate Indonesian Competition Law (Source: PaRR, 26 January 2018).

Setting aside an SOP Act adjudication determination: The right of all parties to be heard

January 23, 2018

The Building and Construction Industry Security of Payment Act (Cap 30B) (SOP Act) gives parties in Singapore a way to quickly resolve construction payment disputes on a “temporary finality” basis with the right to fully and finally resolve all disputes in Court or in arbitration (where the parties had agreed to arbitration).

Protecting against foreseen risks - is a boilerplate indemnity clause sufficient?

January 22, 2018

When entering into a contract, parties are increasingly relying on indemnity clauses to allocate risks that may arise. However, generic or boilerplate indemnity clauses, which are not tailored to the relevant situation, may leave parties at a disadvantage.

Budget 2018 - Buyers Stamp Duty Changes

February 20, 2018

The Minister for Finance, in his Budget Statement 2018, announced changes to the tax rate for buyers stamp duty for acquisitions of residential properties in Singapore.

Short-term home sharing in Singapore: is it here to stay?

February 26, 2018

In recent times, there has been a rising trend of tourists using Airbnb and other homestay type accommodations as opposed to more traditional short-term accommodation options like hotels and service apartments while vacationing abroad.