Scammed or hacked? Overview of common fraud techniques and the corporate response playbook May 21, 2021 Singapore: Scams and cyber attacks – it can happen to any corporate entity. Nobody is immune to scams and cyber-attacks. With the increase in scammers’ levels of sophistication, their targets have also increased in scale. Scammers even routinely target multinational corporates and banks which have far more robust defences and highly trained personnel than the average SME. As such, the authors seek to suggest a quick response playbook that companies can consider adopting and for determining their responses during a time-sensitive period when faced with such issues.
Working from home – some legal considerations June 1, 2021 Singapore: Just over a year ago, Prime Minister Lee Hsien Loong announced a “circuit breaker” which closed most work places except for essential services and key economic sectors such as food establishments, markets and supermarkets, clinics, hospitals, utilities, transport and key banking services. The default for most Singaporeans then was work from home, and we have reverted to this recently with the Phase-2 (Heightened Alert) lasting from 16 May 2021 to 13 June 2021.
Service of a Writ of Summons on companies during the “new normal” - A case comment on Genuine Pte Ltd v HSBC Bank Middle East Ltd Dubai [2021] SGHC 104 June 1, 2021 Singapore: Due to the COVID-19 pandemic, “work from home” (WFH) arrangements have become the “new normal”. This raises the question: if a Writ is served on a company’s registered address when there is no one on-site to collect it, will the Writ be considered validly served? We take a look at the recent Singapore High Court (SGHC) decision of Genuine Pte Ltd v HSBC Bank Middle East Ltd Dubai [2021] SGHC 104 (Genuine).
Extension of the deadline to deliver vacant possession – the Nuts and Bolts of new Part 8C of the COVID-19 (Temporary Measures) Act 2020 June 7, 2021 Singapore: This article is an update of an earlier article published on 6 November 2020, and which incorporates the new amendments to Part 8C of the COVID-19 (Temporary Measures) Act 2020 pursuant to the new COVID-19 (Temporary Measures) (Amendment No. 2) Bill passed in Parliament on 5 April 2021 (Bill No. 10/2021). In sum, this new Part 8C allows both housing developers and commercial developers to extend the original deadline to deliver possession of the units to purchasers under the sale and purchase agreements to a later date, subject to the fulfilment of certain conditions. As at the date of publication of this article, Part 8C has not come into operation yet.
Scammed or hacked? Overview of common fraud techniques and the corporate response playbook (in Japanese) June 11, 2021 Singapore: Scams and cyber attacks – it can happen to any corporate entity. Nobody is immune to scams and cyber-attacks. With the increase in scammers’ levels of sophistication, their targets have also increased in scale. Scammers even routinely target multinational corporates and banks which have far more robust defences and highly trained personnel than the average SME. As such, the authors seek to suggest a quick response playbook that companies can consider adopting and for determining their responses during a time-sensitive period when faced with such issues.
Singapore’s new insolvency law: a status report on the progress of the new regime June 23, 2021 Singapore: Insolvency laws used to be a strictly territorial matter. However, given the increasing interconnectedness of the world, Courts have adopted a more universalist approach and have begun to recognise the insolvency laws of other jurisdictions. As a reflection of its cosmopolitan and global outlook, the laws and the Courts of Singapore have adopted a more international approach towards the application of insolvency laws. Foreign companies considering restructuring their debts in Singapore are likely to find themselves in Singapore an environment with a robust framework for debt restructuring and skilled professional advisors.