CNPUpdate - Issue 03 - January 2020

 

Contents
  1. The difference between a warranty, an indemnity and a condition

  2. Regulatory update on GST treatment of Digital Payment Tokens

  3. Regulatory update on income tax treatment of Digital Payment Tokens

  4. Cryptocurrencies & fintech regulatory update

  5. Updates on the Market Readiness Assistance ("MRA") Grant 2020 (Enterprise Singapore)

  6. When an employee acquires confidential information without consent: case update on i-Admin (Singapore) Pte Ltd V Hong Ying Ting and others [2020] SGCA 32

  7. Dementia and the law: common legal issues faced by caregivers of dementia patients

  8. COVID-19 Resource Centre


The difference between a warranty, an indemnity and a condition

The distinction between warranties and indemnities and conditions is critical as the remedies to which innocent parties are entitled differ depending on whether the term breached was a warranty, an indemnity, or a condition. This article discusses the key differences between conditions, warranties, and indemnities in relation to the sale and purchase of shares.

Please click here to find out more.


Regulatory update on GST treatment of Digital Payment Tokens

In our earlier CNPupdate article published on 27 September 2018, we discussed the tax implications in relation to Initial Coin Offerings ("ICOs"). This article is the first article of a two-part series that provides an update on the latest tax guidelines issued by the Inland Revenue Authority of Singapore ("IRAS"), namely, the e-Tax Guide on the Goods and Services Tax treatment of digital Payment Tokens published on 19 November 2019 (the "GST Guide") and the e-tax guide in relation to the income tax treatment of digital tokens published on 17 April 2020. This first article will summarise the main points in the GST Guide.

Please click here to find out more.


Regulatory update on income tax treatment of Digital Payment Tokens

In the first article of this two-part feature, we provided an update on the latest tax guidelines published on 19 November 2019 by the Inland Revenue Authority of Singapore ("IRAS") in relation to Goods and Services Tax which came into effect on 1 January 2020. In this second article, we will discuss the IRAS e-tax Guide published on 17 April 2020 on the income tax treatment of digital tokens.

Please click here to find out more.


Cryptocurrencies & fintech regulatory update

In our earlier CNPupdate article published on 22 February 2020, we discussed the regulatory approach to cryptocurrency in Southeast Asia. This article seeks to provide an update on the regulatory developments within Southeast Asia, in particular, Singapore, Malaysia and Thailand.

Please click here to find out more.


Updates on the Market Readiness Assistance ("MRA") Grant 2020 (Enterprise Singapore)

This article explores what the Market Readiness Assistance Grant is about, the recent key changes and enhancements made to the grant and the various types of eligible activities which a company can claim under the grant.

Please click here to find out more.


When an employee acquires confidential information without consent: case update on i-Admin (Singapore) Pte Ltd V Hong Ying Ting and others [2020] SGCA 32

What happens when an employee has acquired his employer's confidential information without consent, but has not made any actual use of the information? Can an employer bring a successful claim for breach of confidence? This was the scenario examined by the Singapore Court of Appeal ("SGCA") in the case of I-Admin (Singapore) Pte Ltd v Hong Ying Ting and others [2020] SGCA 32 ("I-Admin").

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Dementia and the law: common legal issues faced by caregivers of dementia patients

This article explores a few common questions relevant to the care of a dementia patient and the possible answers which can be found in the parameters of the Mental Capacity Act.

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COVID-19 Resource Centre

At CNPLaw, our COVID-19 Response Team has consolidated legal developments in our COVID-19 Resource Centre and will analyse the legal implications and issues that arise. Our COVID-19 Response Team includes lawyers across our different practice areas who are closely monitoring this area. It was last updated on 13 May 2020 with the addition of 14 new articles since CNPLaw's COVID-19 Client Update edition. We too have included an AI live chat service, CNPBot. to attend to all your queries on COVID-19 related issues, 24 hours per day, 7 days a week.

Please click here to find out more.


 

 

Upcoming webinars

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Tuesday, 9 June 2020
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News

Mr Jimmy Yap audited the course on Indonesian law held at the National University of Singapore

CNPLaw has been appointed to be on the Singapore Medical Council's panel of legal assessors for the second consecutive year

CNPLaw's Ms Tan Min-Li is recognised in the 12th edition of Best Lawyers in Singapore


Deals

CNPLaw LLP advised Axcelasia Inc. in its divestment of principal subsidiaries to the Hong Kong Tricor group, for a consideration of RM69.7 million

CNPLaw LLP advised on the restructuring of AirGSM Pte Ltd

CNPLaw acted for Innovare Management Singapore Pte Ltd., Nxtmove Pte. Ltd., and UOB in the sale and purchase, loan redemption and leaseback of two units of commercial property worth SGD 1.4 Million

CNPLaw LLP advised a Singapore graphic design company on additional financing of over S$70 million


Publications

CNPLaw's Dispute Resolution team has contributed to the Singapore chapter in The Dispute Resolution Review for the second year


Presentations and video resources

Interlaw tax webinar - tax policy measures overview

Presentation on landlords and tenants: rights, obligations & relief amidst COVID-19

Structuring your business for survival - developing a sound strategy for post-pandemic growth

Licensing exemption - fund managers - immovable assets

Private placement exemption for offer of investment funds

A new economic normal - assessing the immediate and longer-term prospects for Asian economies post COVID-19 with Manu Bhaskaran of Centennial Advisors

Variable capital company (basic information)

Single family office (Singapore) - licensing matters

Venture capital fund manager regime

Licensing requirements for fund management companies in Singapore - RFMC and A/I FMC

Presentation on Singapore variable capital company


Editor
Bill JAMIESON

Production team
Joel LAW
Jacqueline CHEOW
Menes STA ANA

Contributors
Amit DHUME
Bill JAMIESON
Cinda SIM
Jimmy YAP
QUEK Li Fei
SEE TOW Soo Ling
Subramanian PILLAI
TAN Min-Li
WONG Pei-Ling
HU Huimin
Daphne TAN
Jolyn WAH
Marsita JANI
MOHD Jeff
Nicholas KWA
Sean TAN


Featured contributor


QUEK Li Fei
Partner
[ More About Him ]

This update is provided to you for general information and should not be relied upon as legal advice.

For more information please contact us via contact@cnplaw.com

What you need to know about  Wills, LPAs, AMD, Deputyship Applications and more