Singapore

Recent Articles

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  10/09/2024

  International

  CMS Annual Review of English Construction Law Developments: An International Perspective

  We are pleased to announce the publication of the 2024 edition of our internationally focused Annual Review of English Construction Law Developments. The Annual Review summarises key developments in English construction law over the previous calendar year including developments in related common law jurisdictions. The publication has been prepared with our international clients in mind and aims to provide a greater degree of background and analysis than our regular Law-Now alert service.This year’s edition has a strong focus on exclusion and limitation clauses, with more than half of the...

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  10/09/2024

  APAC region

  No room for ignorance: Singapore High Court clarifies directors’ duties

  Inter-Pacific Petroleum Pte Ltd (in liquidation) v Goh Jin Hian [2024] SGHC 178 In what could be seen as a wake-up call, the High Court of Singapore clarified the scope of director’s duties in Singapore, emphasizing the minimum standard of care required.BackgroundInter-Pacific Petroleum Pte Ltd (“IPP”), a petrochemical and ship bunkering company, was placed under judicial management in September 2019, and later liquidated in March 2021. IPP had borrowed over US$150 million to fund its cargo trading and bunkering transactions. These sums were never repaid to the banks. IPP’s...

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  30/08/2024

  Southeast Asia

  Malaysia’s new Cyber Security law takes effect

  Malaysia’s Cyber Security Act 2024 (Act 854) (“CSA”), which came into force on 26 August 2024, sets out the national cyber security compliance framework involving the newly established National cybersecurity Security Committee (“NCSC”), the Chief Executive of the National Cyber Security Agency (“Chief Executive”), national critical information infrastructure entities (“NCII Entities”) and cyber security service providers (“CSSPs”).Various regulations have been published alongside the CSA, including the following:Cyber Security (Compounding...

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  07/08/2024

  UK and Singapore

  English and Singapore High Courts address the correct date for assessing damages in crypto claims

  In both England and Singapore, the purpose of an award for breach of contract is to compensate the injured party.  The award is generally meant to place the claimant in the same position as if the contract had been performed.  The courts will typically assess damages by reference to the date on which the contract was breached, unless this would result in an injustice.The English and Singapore High Courts have both recently handed down judgments that award damages for breach of contract in cryptocurrency cases.  In both judgments, the courts have shown they are alive to the particular...

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  26/07/2024

  International

  EU AI Act – Focus on Enforcement: the EU governance structure

  On 1 August 2024, the Regulation laying down harmonised rules on Artificial Intelligence (AI Act) will enter into force. As a European regulation, the AI Act will apply directly in all 27 EU member states and is intended to make a significant contribution to achieving the European digital strategy (A Europe fit for the digital age). In this, the second article in our series on the implementation of the AI Act, we provide an overview of the European AI governance structure. Understanding this structure is important to understand the roles of the administrative bodies that will have oversight...

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  25/07/2024

  International

  EU anti-dumping investigations of Chinese glyoxylic acid imports

  On 25 July 2024, the EU opened an anti-dumping investigation concerning EU imports of glyoxylic acid originating in the People’s Republic of China, which could lead to substantial anti-dumping duties on future imports.The product under investigation for alleged dumping is glyoxylic acid (Chemical Abstracts Service (CAS) Number 298-12-4), of a purity of at least 95 % by dry weight, whether in solid form or as an aqueous solution with a concentration by weight higher than 40 % thereof.The product under investigation is currently classified under CN code ex 2918 30 00 (TARIC code 2918...

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