Reading Time: 5 minutesA Double Whammy of Suspensions and Fines In a media release dated 24 January 2019, the Monetary Authority of Singapore (MAS) announced that it had issued a warning to a company which breached securities laws pertaining to an offer of digital securities tokens[1]. Following the warning, the proposed offering has been indefinitely suspended. Interestingly, the […]
5 Times when the Non-Compete Clauses in your Employment Contract Probably Aren’t Enforceable
Reading Time: 3 minutesNon-compete clauses are quite common in employment contracts for certain industries in Singapore. They typically seek to restrict an employee’s right to engage in a similar occupation with a competitor for a period of time after the termination of the employment contract. However, what many employers who include such clauses are not aware of is […]
Changes to the Employment Act (2018 and beyond): What you need to know
Reading Time: 5 minutesThe Employment Act (EA) is Singapore’s main labour law which provides the basic terms and working conditions for all employee. On 5th March this year, the Ministry of Manpower announced plans to expand the fundamental coverage of the EA. This was a response to a fast-changing workforce where the number of PMETs (professionals, managers, executives […]