Malaysia introduces new law to combat corporate bribery

Kuala Lumpur Malaysia

The Anti-Corruption Commission (Amendment) Act 2018 was passed by the Senate of Malaysia on 5 April 2018. One of the major amendments is the introduction of section 17A. Modelled on the UK Bribery Act’s corporate offence, it penalises commercial organisations for corrupt acts by associated persons, subject to a reasonable procedures defence. The legislation is […]

Behind Singapore’s meteoric rise as a top blockchain hub

blockchain

“To stay competitive, Singapore has been trying to stay ahead of the technology curve,” says Soh Siow Meng, Asia technology market analyst at GlobalData. “This often means making regulatory changes to facilitate the adoption of new technologies, providing funding support where appropriate, and working with various education and industry bodies to develop the right talent.” […]

What’s Artificial About Intelligence? The Ethical and Practical Considerations When Lawyers Use AI Technology

artificial intelligence

The legal profession is constantly changing, often prompted by new technology. Typically lawyers will not adopt new technology until market forces make doing so necessary to effectively represent clients. Under pressure to manage costs and work efficiently, lawyers must continue to adopt smarter and more efficient technological solutions that assist in delivering legal services. Analytical […]

Minister Vivian Balakrishnan on 7 major tech trends and Singapore’s regulatory approach

“Technology revolution is inevitable. It is foolish to stand in the way of progress and pretend that there is no downside or need for regulation”, said Minister Balakrishnan. At a legal technology conference held in Singapore, Minister-in-Charge of the Smart Nation initiative Dr Vivian Balakrishnan iterated Singapore’s regulatory approach to major technology trends. Minister Balakrishnan […]

Singapore Mediation Highlight:  Telecommunications and Media

Singapore has embraced mediation as an alternative dispute resolution method, including recent amendments to law and proposed process enhancements for the mediation of employment claims and telecommunications and media disputes. Organisations should consider updating their contracts and equipping key representatives with mediation skill sets to stay current and prepared for the growing wave of mediation […]

Is Mainland China the Next Frontier for Litigation Finance?

At the 2018 Boao Forum for Asia, which marked the 40th anniversary of reform and ‘open markets’ (at least relatively speaking) in China, President Xi Jinping remarked that China will enter into a “new phase of opening up” and outlined a number of key reform measures for the world’s second largest economy, which he plans […]

A Pragmatic Stay Of Proceedings: The High Court Declines Jurisdiction Under Its Insolvency Regime In Favour Of Overlapping Arbitral Proceedings

In a recent decision Takenaka Corporation v Tam Chee Chong and another [2018] SGHC 51, Justice Aedit Abdullah granted a stay of proceedings under the Arbitration Act of Singapore (Cap 10, 2002 Rev Ed) (the “Arbitration Act“), for an appeal against the judicial managers’ rejection of a creditors’ proof of debt pursuant to Section 75 of the […]

Singapore’s consumer watchdog announces studies on data portability and online travel booking

Singapore’s consumer watchdog announces studies on data portability and online travel booking

In collaboration with the Personal Data Protection Commission, CCCS will study consumer protection, competition and personal data protection implications of introducing a data portability requirement in Singapore. The Competition and Consumer Commission of Singapore (CCCS) has announced two new market studies into the online travel booking sector and data portability. These initiatives were revealed by […]