For Singaporean enterprises, to expand is to survive

On September 5, 2017, Singapore announced that two prominent government agencies, International Enterprise Singapore (IE Singapore), and SPRING Singapore, will merge into a new agency, Enterprise Singapore, by 2018, to help Singaporean companies grow and go global.

In the Third-Largest FCPA Enforcement Action Ever, Telia Agrees to Pay Almost $1 Billion to Resolve Bribery Inquiry in Uzbekistan

In the first blockbuster FCPA action of the Trump administration, on September 21, 2017, Swedish telecommunications company Telia agreed to pay $965 million in total penalties to the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) to resolve allegations that the company and its subsidiary made illegal payments to an Uzbek government […]

PwC to Launch US Law Firm as Big Four Expand Legal Offerings

PricewaterhouseCoopers (PwC) is set to launch a law firm in the U.S., a clear sign that the concerted push into legal services by the Big Four accounting firms continues. The firm, called ILC legal, will begin operating later this month with an office in Washington, D.C.. It will not offer U.S. law advice, but instead […]

Hong Kong allows third party funding for arbitration

Following the consultation paper issued by the Third Party Funding for Arbitration Sub-Committee of Hong Kong’s Law Reform Commission (LRC) in October 2015 and recommendations made by the LRC in its report dated 12 October 2016, the Legislative Council of Hong Kong passed the Arbitration and Mediation Legislation (Third Party Funding) (Amendment) Bill 2016 on […]

Singapore to have new academy to train cybersecurity professionals

More needs to be done even as Singapore has made “good progress” in building up its cybersecurity capabilities, as it is more exposed than many other countries to cyberattacks, said Acting Prime Minister Teo Chee Hean on Tuesday (Sep 19).