Introducing non-fungible tokens ("NFTs") – Part 1 of 3
This is the first CNPupdate article in a series of three CNPupdate articles on nonfungible tokens ("NFTs") and related trademark issues that may arise. Our first article provides an explanation of what NFTs are and their uses.
Repeal of regulatory regime for registered fund management companies
MAS is targeting to repeal the existing RFMC regime on 1 August 2024. Existing RFMCs which intend to continue to conduct fund management activities must therefore apply to be an Accredited or Institutional Licensed Fund Management Company ("A/I LFMC") ...
Changes to Singapore's foreign workforce policy
The Ministry of Manpower ("MOM") announced on 4 March 2024 that it would be updating its foreign workforce policies to:
In CVV and others v CWB [2023] SGCA(I) 9, the appeal arose from a decision of the Singapore International Commercial Court (the "SICC") where the judge there (the "Judge") refused to set aside an arbitral award for, inter alia, a breach of the rules of natural justice.[i]
Deepfakes have become increasingly prevalent in recent years. In December 2023, several deepfakes promoting investment scams surfaced, with these deepfakes using the appearance of Singapore government officials
Extension of tax incentive schemes for funds in Singapore
The Hon. Minister of Finance and Deputy Prime Minister Lawrence Wong announced Singapore's 2024 Budget on 16 February 2024.
Singapore proposes model AI governance framework for generative AI
Singapore's Infocomm Media Development Authority ("IMDA") and its non-profit wholly-owned subsidiary AI Verify Foundation announced a public consultation on its jointly developed draft Model AI Governance Framework for Generative AI (“Draft GenAI Governance Framework”)
CNPLaw LLP's Chia Shengyou, Edwin successfully acted for the Plaintiffs in both the General Division and the Appellate Division of the High Court in obtaining a declaration that a commercial property was held on resulting trust by the surviving joint owner on their behalf.
Singapore ESG regulations for funds
Environmental risk is increasingly recognised as a key global risk, with climate change at the forefront of these concerns. Environmental, social and governance factors' ("ESG") integration in a company's corporate strategy as well as ...
Singapore passes law to manage significant investments into critical entities
On 9 January 2023, parliament passed the Significant Investments Review Bill (the "Bill") for the Significant Investments Review Act (the "Act") to manage significant investments into and control of entities that are critical to Singapore’s national security interests.