Know Your Lawyer: Joshua Tan, Partner at Aquinas Law Alliance, Believes That Law Is A Business

Reading Time: 6 minutesLaw is a business.  This is one of the first things Joshua shares with me, just three minutes into our interview.  Two or three decades earlier, this matter-of-fact utterance would have raised eyebrows and blood pressures, and sent senior lawyers within earshot spewing diatribes in defence of the sanctity of the legal profession.  But to […]

home based baking business
What Kind Of Businesses Can I Legally Run From My Home Address?

Reading Time: 3 minutesAccording to Lianhe Wanbao and Mothership, a 75-year-old woman was arrested on February 4 for operating a mahjong parlour in her HDB flat. 10 other women aged between 22 and 88 were also arrested. The accused has allegedly operated the mahjong parlour out of her Teban Gardens flat in Jurong for the past eight years.  […]

SMU Lexicon: What if you didn’t write it down? Verbal promises in business contracts.

Reading Time: 6 minutesI.               Introduction Business negotiations can be lengthy. In the course of negotiations, parties might make a verbal promise to do or not do something. There might also be emails recording the promise or showing that there were verbal negotiations. But if the promise does not end up in a written contract, can you hold the other […]

Doing business with foreign companies safely

Reading Time: 8 minutesI. Introduction In any business, careful risk management is crucial to protecting your profits. One major and often overlooked risk is litigation risk, especially overseas litigation risk. This article will address the litigation risk that a Singaporean company may face when doing business with a foreign counterparty that fails to uphold its contractual obligations. II. […]

Find Out More About Venture Capital in the Legal Tech Scene with Zing Yang, CFO, Asia Law Network

Reading Time: 4 minutesZing Yang along with “Venture Capital in the Legal Tech Space” panellists at TechLaw.Fest 2019 Asia Law Network’s Content Manager sits down with Zing Yang, Asia Law Network’s Chief Financial Officer and moderator for TechLaw.Fest 2019’s Venture Capital in the Legal Tech Space talk that took place on 5 September 2019 at the Sands Expo […]

Harassment Complaints: What Companies Should Know & Do

Reading Time: 7 minutesIn early March 2019, Parliament announced that the Tripartite Alliance for Fair and Progressive Employment Practices (TAFEP) would provide more resources to help both employees and employers tackle workplace harassment[1]. Although not widely discussed, harassment does take place in Singaporean workplaces. It is important to understand that workplace harassment can affect anyone; whether male or […]

Advertising and promoting your business: What’s legal?

Reading Time: 5 minutesAdvertisements in Singapore are generally self-regulated by industry. This role is performed by the Advertising Standards Authority of Singapore (ASAS), and the Singapore Code of Advertising Practice (SCAP). The SCAP is not legally binding. However, this does not suggest that all forms of advertising practice are condoned. Consumers of advertisements and advertisers themselves act as […]

Brexit – What’s all the fuss about?

Reading Time: 4 minutesAn assessment of the implication of Brexit for Singapore businesses. You may be thinking that Brexit is no real concern of yours. You’re not based in the UK, or in any other EU state for that matter, so there’s no need to spend any more time thinking about it, right? Wrong. Astute businesses in Singapore […]

Myanmar Legal Update: Foreign Companies Allowed to Export Certain Local Products

Reading Time: 2 minutesOn 6 June 2019, the Ministry of Commerce (“MOC”) issued Notification No.24/2019 (the “Notification”) that allows foreign companies to export certain local products by exercising powers under Section 13 (b) of the Export and Import Law. In order to raise the quality of Myanmar exports, boost international demand for local goods and raise earnings for […]

Myanmar Legal Update: New Set of Interest Rates for Microfinance Institutions

Reading Time: 2 minutesAmong recent developments happening in the banking and finance sector, the Microfinance Business Supervisory Committee (“MBSC”) issued Directive 1/2019 (the “Directive”). This Directive lays down a new set of interest rates which shall be followed by all microfinance institutions operating in Myanmar. Under the new Directive, the interest rate for microfinance loans shall be charged […]