Law passed to regulate Significant Investments in Singapore Entities
The Significant Investments Review Bill (the "Bill") was recently passed by Parliament on 9 January 2024, and is expected to take effect in the first half of the year.
Singapore chapter: "Trends & Developments" in Chambers Insurance & Reinsurance Global Practice Guide 2022
The COVID-19 pandemic has had a major impact on almost all economic sectors, and the insurance industry in Singapore is no exception. While it has been two years since the first outbreak of COVID-19 was reported in Wuhan, China, nearly every country around the world, including Singapore, has struggled to contain the virus, resulting in ongoing economic, health and social displacement issues.
Authors Carmel Green & Sumyutha Sivamani
The COVID-19 pandemic has had a major impact on almost all economic sectors, and the insurance industry in Singapore is no exception. While it has been two years since the first outbreak of COVID-19 was reported in Wuhan, China, nearly every country around the world, including Singapore, has struggled to contain the virus, resulting in ongoing economic, health and social displacement issues.
While these issues have posed challenges for local insurers, they have also presented insurers with new business opportunities, and accelerated insurers' adoption of technology to drive efficiencies and expand capabilities across their organisations. This period has also seen a range of significant legal and regulatory developments that stand to impact the local market.
This article will consider some of the main commercial and growth factors, and legal and regulatory developments, impacting the Singapore insurance industry, and likely trends to follow in the short-term future.
To access the full PDF, click here.
Code of Conduct for Leasing of Retail Premises to take effect from 1 February 2024
Following from the passing of the Lease Agreements for Retail Premises Bill which mandates compliance with the Code of Conduct for Leasing of Retail Premises in Singapore ("Code") for qualifying leases of retail premises earlier this year, the Lease Agreements for Retail Premises Act ("Act') is expected to take effect from 1 February 2024.
![Confidentiality of arbitration proceedings may not always be protected - The Republic of India v Deutsche Telkom AG [2023] SGCA(I) 4](/media/0ymfpldt/dispute_resolution-gi-882372772-cropped.jpg?anchor=center&mode=crop&width=10&height=7&rnd=132880988268300000)
Confidentiality of arbitration proceedings may not always be protected - The Republic of India v Deutsche Telkom AG [2023] SGCA(I) 4
In general, arbitration proceedings are confidential. Arbitration-related cases which end up in the courts often are reported only after the names of parties have been anonymised, and it is quite common for a sealing order to be issued on the court file, so as to preserve the confidential nature of the arbitration. In the recent case of The Republic of India v Deutsche Telkom AG [2023] SGCA(I) 4, the Singapore Court of Appeal ("CA") considered an application for a sealing order.