What is the Simplified Debt Restructuring Programme? The Simplified Debt Restructuring Programme (SDRP) is intended to assist with the debt restructuring of micro and small companies which may not have substantial assets, such that the regular debt restructuring procedure would be too costly to be practical. To assist in this…
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6 Divorce Issues to Consider If You Have Children in Singapore
Divorce may be difficult for all parties involved, including children. If you are a parent thinking of getting a divorce, you may wish to consider some issues relating to your children when deciding whether or not to continue with the divorce. This article will address 6 such key issues, namely:…
COVID-19 Impacts on Marriages: Virtual VD/SD and Solemnisation
When it comes to the process of registering a marriage in Singapore, the Verification of Documents and Statutory Declaration (VD/SD) and the following marriage solemnisation procedures are typically conducted in person at the Registry of Marriages (ROM) for civil marriages, or the Registry of Muslim Marriages (ROMM) for Muslim marriages.…
Should I Tell My Criminal Lawyer I’m Guilty? And Other FAQs
From my many years of handling criminal matters, I’ve noticed that some accused persons struggle with the trust they can place in the lawyers that they’ve engaged. There are instances where the accused has not been completely truthful or certain information is being kept from the lawyer. I find this…
What is a SPAC, How It Works and Using One to Go Public
A hot trend in the US market, “SPAC fever”, seems to have made its way to Asia. Notably, Grab, the internet giant and Southeast Asia’s dominant super-app, announced in April 2021 that it would go public in the United States (US) by merging with the SPAC, Altimeter Growth Corp. This…
How Legal are Non-Fungible Tokens (NFTs) in Singapore?
Non-Fungible Tokens (NFTs) are digital assets that have been around since 2014 but have boomed in recent years. They are becoming a more popular manner to buy and sell digital artwork. If you are wondering about creating, buying or selling NFTs, or even what the hype over NFTs is all…
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…
Vaccine Passports: Are They Recognised in Singapore?
As the COVID-19 vaccination rollout continues to gather pace across the world, we are beginning to see the light at the end of the tunnel. There is now growing interest in the adoption of a vaccine passport, which may aid in restarting more domestic activities and even international travel. What…
Sexual Disorders (Paraphilia): How are Offenders Sentenced?
The spate of voyeurism cases at local universities in recent years has raised considerable public discussion and debate on the rise of offenders suffering from sexual disorders, also known as “paraphilia”. This has even led to a review of the sentencing framework for sexual and hurt offences in Singapore, which…
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…
