authorised v paid up capital_asia law network
What is the difference between paid up and authorised capital?

Reading Time: 5 minutesIn 2006, Singapore abolished the concept of authorised capital. This streamlined and simplified the evaluation process for investors to evaluate companies. The distinction between authorised and issued share capital can at times be misleading. However, the removal of the concept of authorised capital has made it much easier for companies to distinguish between the two […]

cross border email scams_asia law network
Cross Border Email Scams: A Rising Trend

Reading Time: 6 minutesAround the world there have been numerous cases of cross border email scams where individuals or companies received scammed or spoofed emails that pretend to be from C-suite or senior staff of the company or business partners to wire transfer funds to bank accounts in Asia, a lot of times coming to or going through […]

What are the legal obligations when writing employee references?

Reading Time: 8 minutesIntroduction – A lesson to be shared The departure of an employee is a common occurrence and there are many reasons why one would choose to leave his work. Whatever the reason may be, it is not uncommon for an employer to receive requests from prospective employers for references of the departing/departed employee. An employee […]

incorporation of companies_asia law network
Incorporation 101: How to form a Private Limited Company in Singapore

Reading Time: 7 minutesPrivate limited companies are by far the most popular business structure. According to the Department of Statistics, out of the 26,555 business entities formed in 2018, almost 70% were companies. Why is this business structure so popular, and how does one incorporate a private limited company? This guide will address the advantages of a private limited […]

cambodia tax update_asia law network
Cambodia Tax Update: Transfer Pricing – Interest Rates for Related Parties

Reading Time: 4 minutesInstruction 11946 issued by the General Department of Taxation (“GDT”) on the 21st of August 2018 (“Instruction 11946”) provides an important clarification regarding the determination of interest rates between related parties. Since the introduction of Circular 151 in early 2014 Cambodian taxpayers were historically able to receive and extend interest free loans to domestic as […]

applying for a grant of a probate_Asia Law Network
A Guide to Applying for a Grant of Probate

Reading Time: 6 minutesLosing a loved one is never easy, and the sheer volume of legal documents a next-of-kin has to deal with may seem overwhelming. In these cases, a difficult but inevitable situation that arises when dealing with the passing of a loved one is: how does one go about managing the deceased’s assets? Where the deceased […]

LLC vs LLP vs Sole Proprietorship – Guide to Business Structures in Singapore

Reading Time: 8 minutesChoosing a business structure that suits your enterprise is one of the most important decisions you will make in starting a business. The type of structures that business owners choose are varied. In Singapore, companies are the most popular form of business structure. In 2017, there were approximately 310,000 active foreign and local companies in […]

batch-books-document-guide to trade marks
What type of documents does the Competition Commission need to disclose to a respondent in an enforcement action and Competition Tribunal proceedings?

Reading Time: 5 minutesIntroduction As set out in our October 2017 Newsletter, the Competition Commission (the “Commission”) had commenced proceedings in the Competition Tribunal (the “Tribunal”) against five Respondents, all of which are information technology companies. Last month, the Tribunal handed down its judgment on the 3rdRespondent’s application for orders of discovery against the Commission under CTEA 1/2017(the “Application”). […]

New era for companies from emerging and innovative sectors (HK)

Reading Time: 12 minutesIntroduction Back in February 2018, The Stock Exchange of Hong Kong Limited (the “Exchange”) issued a consultation paper titled “A Listing Regime for Companies from Emerging and Innovative Sectors” (the “Consultation Paper”) to set out proposals to expand the existing listing regime to facilitate the listing of companies from emerging and innovative sectors, subject to […]

ASEAN Employment Legal Update 2018_Q1_Asia_Law_Network
Can HR information in relation to hiring be shared? The Competition Commission Advisory Bulletin on anti-competitive conducts in the labour market

Reading Time: 4 minutesWhile the Competition Commission (the “Commission”) has been active in prosecuting anti-competitive conducts in the provision of goods and services markets as evidenced by the upcoming trials of the first two cases later this year, the city watchdog reveals that since the commencement of the operation of the Competition Ordinance (Cap. 619) in December 2015, […]

[Infographic] A Guide to Initial Coin Offerings (ICOs)

Reading Time: 1 minutesWhat are the differences between an Initial Public Offering (IPO) and an Initial Coin Offering (ICO)? Have a question about ICOs? If you have any questions relating to legal issues surrounding ICOs and would like to speak a lawyer, you can request a Quick Consult with WanHsi Yeong or lawyers with similar expertise for a transparent, flat fee of […]

A Guide to Sub-Contracts in the Building and Construction Industry

Reading Time: 4 minutesIn 2018, the construction demand in Singapore was projected to increase to up to $31 billion. This growth of the building and construction industry in Singapore is accompanied by an increasing complexity in the design and architecture of the buildings, such as the increasing emphasis on high-rise greenery coverage. This means that it is likely […]