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Ratification Of Double Taxation Agreement Between Singapore And Egypt

An Agreement between the Government of the Republic of Singapore and the Government of the Arab Republic of Egypt for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income enters into force on 27 Jan 2004 following the completion of ratification process. Its provisions shall apply generally with effect from Year of Assessment 2006.

US judge upholds $520 million verdict against Microsoft in patent infringement case

US District Court Judge, James B. Zagel, on 14 January 2004 refused to overturn a $512 million verdict against Microsoft, ruling in favor of Eolas Technologies Inc. in their web patent infringment dispute.

MAS Seeks Comments on Proposed Revisions to Rules for Investment-Linked Insurance Policies

The Monetary Authority of Singapore (MAS) ton 14 January 2004 released a consultation paper on the proposed revisions to MAS Notice 307 on investment-linked insurance policies (ILPs).

Introduction of The Factories (Scaffolds) Regulations 2004

The Ministry of Manpower (MOM) will be introducing a new set of regulations – The Factories (Scaffolds) Regulations 2004 – to enhance the safety of persons using scaffolds. The new Regulations will come into effect on 1 May 2004.

Public Consultation on the Introduction of Privately-Managed Pension Plans under the CPF Investment Scheme

The Economic Review Committee (ERC) had recommended that the Government facilitate the provision of low cost, privately-managed pension plans (PPPs) as an additional investment option under the CPF Investment Scheme. The objectives are to increase the probability of higher long-term returns on members' CPF savings, reduce members' investment cost, and provide simple choices to members.

Ministry of Home Affairs proposes an "Automatic Registration" regime for societies.

The Ministry of Home Affairs is seeking public feedback on its proposal to introduce an "Automatic Registration" regime for societies. The consultation period is from 7 Jan 2004 to 7 Feb 2004.

MAS seeks consultation on Business Trusts and amendments to Securities And Futures Act

On 10 Dec 2003, MAS issued a consultation paper setting out the key proposals for the governance and offers of business trusts.

On 26 Dec 2003, in a second consultation paper, MAS proposes to regulate offers of interests in business trusts by way of disclosure requirements in prospectuses.

Small Claims Tribunal In Ang Mo Kio Cease Operations

From Thursday, 1 January 2004, the Small Claims Tribunals (Regional North) in Ang Mo Kio will no longer operate. Hearings after that date will be heard in the Tribunal's headquarters at Apollo Centre.

USSFTA comes into force on 1 January 2004

In a press release dated 30 December 2003, the Ministry of Trade And Industry announced that the US-Singapore Free Trade Agreement (USSFTA) will come into force on 1 January 2004.

Legislation Update

Bills, Acts and Subsidiary Legislation gazetted from 17 Dec 2003 to 22 Dec 2003.

Law Society of Singapore launches PrimeLaw

On 11 December 2003, the Law Society of Singapore launched its very own Practice Management Excellence mark, PrimeLaw, at the Oriental Hotel.

Friendship Treaty between the Law Societies of England & Wales and of Singapore

The Presidents of the Law Societies of England and Wales and of Singapore on 11 December 2003 signed a friendship treaty at a luncheon ceremony held at the Ritz Carlton Hotel.

Legislation Update

Bills, Acts and Subsidiary Legislation gazetted from 5 Dec 2003 to 10 Dec 2003.

Monetary Authority of Singapore seeks comments on draft Business Trusts Bill.

The Monetary Authority of Singapore (MAS) released on 10 December 2003 a consultation paper on the regulation of business trusts (BTs). The paper and draft bill can be found here.

MAS' Approval Required For Promotion Booths And Road Show Locations That Accept Customer Applications For Credit Facili

The Monetary Authority of Singapore (MAS) today reminded banks that under the Banking Act (section 12), MAS' approval is required before a bank sets up additional locations to receive applications for consumer credit products such as credit cards, charge cards and unsecured credit facilities.

Public Consultation on Amendments to the Publicity Rules for Healthcare Institutions

From 19 November to 31 December 2003, the Ministry will be conducting a public consultation to obtain feedback on the amendments to The Advertising Guidelines, issued under the Private Hospitals and Medical Clinics (PHMC) Act.

Singapore's new Consumer Protection (Fair Trading) Act

Parliament has passed the Consumer Protection (Fair Trading) Act to protect consumers from errant retailers.

Amendments to The Computer Misuse Act

Singapore's Parliament has passed amendments to the Computer Misuse Act that allow authorities to take pre-emptive action against "cyber terrorists".

Draft Bill to Regulate Research on Human Stem Cells and Tissues

The Ministry of Health (MOH) has drafted a new Bill which would further enhance the regulation of human stem cell research and human tissue research and banking. The draft Regulation of Biomedical Research Bill is on the Ministry's website for public consultation and comment from 10 November 2003 to 30 November 2003.

Explanatory Brief: MAS (Amendment) Bill

MAS has proposed to fine-tune the MAS Act in two phases. In the first phase, MAS seeks to update sections in the MAS Act to set aside provisions for contingencies or market volatilities, and to allow MAS greater flexibility in lending to financial entities for the purpose of managing system liquidity and safeguarding the financial system.

Singapore Law Blog

Ratification Of Double Taxation Agreement Between Singapore And Egypt

US judge upholds $520 million verdict against Microsoft in patent infringement case

MAS Seeks Comments on Proposed Revisions to Rules for Investment-Linked Insurance Policies

Introduction of The Factories (Scaffolds) Regulations 2004

Public Consultation on the Introduction of Privately-Managed Pension Plans under the CPF Investment Scheme

Ministry of Home Affairs proposes an "Automatic Registration" regime for societies.

MAS seeks consultation on Business Trusts and amendments to Securities And Futures Act

Small Claims Tribunal In Ang Mo Kio Cease Operations

USSFTA comes into force on 1 January 2004

Legislation Update

Law Society of Singapore launches PrimeLaw

Friendship Treaty between the Law Societies of England & Wales and of Singapore

Legislation Update

Monetary Authority of Singapore seeks comments on draft Business Trusts Bill.

MAS' Approval Required For Promotion Booths And Road Show Locations That Accept Customer Applications For Credit Facili

Public Consultation on Amendments to the Publicity Rules for Healthcare Institutions

Singapore's new Consumer Protection (Fair Trading) Act

Amendments to The Computer Misuse Act

Draft Bill to Regulate Research on Human Stem Cells and Tissues

Explanatory Brief: MAS (Amendment) Bill

The Insurance (Amendment) Bill 2003

The Monetary Authority of Singapore (Amendment) Bill 2003

Explanatory Brief: Insurance (Amendment) Bill 2003

MAS Seeks Comments on Proposed Regulatory Framework for Accident & Health Insurance

MAS Seeks Public Comments on Proposed Frameworks for Authorised Reinsurers, Approved Insurers and Insurance Brokers

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