Reading Time: 10 minutesIntroduction Over the past few years, techniques to refine and process data have been developed and honed. Whether it is developments in machine learning or the internet-of-things, the invention of these technologies has made data a valuable and strategic commodity.[1] Given the importance and value of data to commercial operations, this has led to the […]
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Fintech today – A look at Fintech regulatory environment, and what you need to know
Reading Time: 8 minutesAmidst a worldwide pandemic that most of the global population had never experienced before, we are living through a period of significant change. We have had to adapt to a life of remote interaction, transacting with parties from the comfort of our own homes, and trusting our payments and information to the vast and limitless […]
Changes to Singapore’s Copyright Act and what it means for ownership.
Reading Time: 4 minutesIf you are a content creator based in Singapore, you may be interested to know about the amendments to the Copyright Act (CA). Effective from 21 November 2021, the new CA has caused a considerable change in the default ownership of copyright. This greatly affects content creators as they now have more ownership over their […]
A Guide to Understanding a Variable Capital Company (VCC)
Reading Time: 4 minutesThis Guide provides an outline of the key aspects of a Variable Capital Company (“VCC“) and its related framework. The VCC is a novel fund structure in Singapore that permits many collective investment schemes to be housed under the canopy of a single corporate entity. Where sub-funds are concerned, VCCs allow them to be segregated […]
Transferring assets between spouses with clarity and intention: CLT v CLS and another matter [2021] SGHCF 29
Reading Time: 6 minutesWhat could happen to your wealth and assets if your marriage goes south? What if your spouse is instrumental in preserving your wealth? What happens to shares gifted by your father that are now worth S$11.7 million? Would you try to delay the inevitable and dangle the transfer of interest in a property to get […]
Feeding wildlife in Singapore is a lose-lose situation, say experts
Reading Time: 3 minutesPeople who feed wild animals are being made to pay a pretty penny for their actions, as the authorities move to clamp down on behaviour that could escalate chances of human-wildlife conflict. Members of the nature community tell The Straits Times that this is a timely move, especially with Singapore’s greening efforts paying off and […]
S’pore to introduce new gambling laws that cover arcade games & claw machines
Reading Time: 2 minutesThe Ministry of Home Affairs (MHA) will be amending the gambling legislation later this year to ensure that the laws and regulations remain effective in the face of evolving gambling products and business models. Amendments will be made to areas including the definition of gambling, social gambling, arcade games and claw machines, and online games. […]
A Guide to Listing a SPAC on the SGX (Part 2)
Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination. In this article, […]
Providing perspective on the IP Waiver for COVID-19 vaccines: What is it & how does it work?
Reading Time: 4 minutesAs per the Ministry of Health (MOH), 85 percent of the Singaporean population have received their first dose of the Covid-19 vaccine, and 83 percent have received two vaccine doses as of Sept 26¹. This has met Health Minister Ong Ye Kung’s target, set on 26 July, expecting 80 percent of the Singaporean population to […]
A Guide to Listing a SPAC on the SGX (Part 1)
Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination. In this article, […]
Consumer Protection for the Consumer: What to do when Businesses adopt Unfair Practices
Reading Time: 8 minutesIntroduction It’s a dog-eat-dog world out there. There are unethical businesses which will lie and take advantage of their customers just to make a sale. One example occurred way back in 2014, when an unsettling video of one Pham Van Thoai circulated on the net, which showed him crying and begging for a refund from […]
Eugene Lim, founding Principal of Taxise Asia LLC and technopreneur, on how he fell into tax accidentally.
Reading Time: 6 minutesEugene starts his day at around 8 in the morning, just in time to catch the companies in the West Coast before they end work. Then, he checks in with his associates at WTS Taxise. “Especially in this Covid-19 period, it’s important to ensure that everyone is coping well,” Eugene says. In the afternoon, he […]