If you are looking to end your marriage, you may do so by either filing for divorce, annulment or separation. Read on to find out which option may be suitable for you. 1. File for a Divorce If you have been married for at least 3 years For couples who…
Posts written by Yuk Lun Chan
COVID-19: Temporary Relief from Legal Obligations
The COVID-19 (Temporary Measures) Act 2020 (“the Act”) was recently passed by the Singapore government with the aim, among other things, of providing relief to parties who may be adversely affected in the conduct of their commercial dealings by the COVID-19 pandemic. It does this primarily by postponing the legal…
Legal and Compliance Requirements for Setting up a Fund Management Company
Singapore is a hub for global and local asset managers in the Asia-Pacific region, making it a preferred and trusted domicile for funds. Our previous article, published in December 2020, discussed the Variable Capital Companies (VCCs), a flexible corporate structure introduced fairly recently in Singapore, designed for investment funds. With…
RegTech Grant Scheme by MAS
RegTech Grant and Enhanced Digital Acceleration Grant to Spur Tech Adoption in Singapore’s Financial Sector On 30 April 2021, the Monetary Authority of Singapore (MAS) announced a S$42 million grant scheme that aims to accelerate technology adoption in the financial sector, specifically for risk management and regulatory compliance. Regulatory Technology…
Appointing a Nominee Director and Shareholder in Singapore
What is the Difference Between a Nominee Director and a Nominee Shareholder? A nominee director is a person who acts as a director of the company on your behalf. On the other hand, a nominee shareholder is someone that “lends his name” to you to act as the registered owner…
New: Code of Conduct for Fair Retail Leases in Singapore
A new code of conduct has been introduced to guide the negotiation of fair retail leases in Singapore. This article will give a brief overview of the code and its implications for retail tenants and landlords. It will cover: What the code of conduct is about Who the code of…
MAS Covid-19 Support – Digital Acceleration Grant (Up to $120,000)
The COVID-19 pandemic has disrupted businesses across all sectors, prompting many businesses, including financial institutions (both licensed and exempted institutions) (“FIs”) and fintech businesses to embrace digital changes in order to weather the storm that is the current pandemic. With the extremely uncertain business landscape, the Monetary Authority of Singapore…
Payment Services (Amendment) Bill Introduced – Updated as of 4 January 2021
Update as of 4 January 2021 The Payment Services (Amendment) Bill (now, the “Act“) has been passed in Parliament after its Second Reading on Monday, 4 January 2021. The amendments to the PS Act have not taken effect and will come into force on a date yet to be announced.…
Divorce for British Expats: The Effect of Brexit
A court’s ability to deal with a divorce is called its “jurisdiction”. For British expatriates (also referred to as “expats”) in Singapore, a divorce can typically proceed either in the Singapore or English jurisdiction. The jurisdiction in which a divorce takes place fixes the framework of law which applies to…
Expanding the Scope of SME Grant Schemes (MRA, PSG & EDG)
Following the Ministerial Statement announced by Deputy Prime Minister Heng Swee Keat on 5 October 2020, Enterprise Singapore announced that it will enhance and extend grant and loan schemes for SMEs on 12 October 2020, which include, inter alia, the Market Readiness Assistance Grant (“MRA”), the Productivity Solutions Grant, Enterprise Development Grant and…
