Publications

On 15 May 2025, the Singapore Exchange Regulation (“SGX RegCo”) issued a consultation paper outlining amendments to certain areas of the regulatory framework, including a shift towards a more disclosure-based regime. This article examines the key reforms proposed by SGX RegCo to enhance the development of Singapore's equity capital markets, and the underlying rationales driving some of the key reforms. Finally, the article outlines what investors, listing applicants and issuers can expect from the SGX RegCo’s proposed reforms in the coming years before concluding.

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The intersection of generative artificial intelligence ("GenAI") and copyright law presents complex legal challenges in Singapore's evolving digital landscape. This article examines how Singapore's Copyright Act 2021 applies to GenAI technologies, potential infringement scenarios, and available exceptions that developers and users may potentially rely upon. As recent developments through April 2025 have demonstrated, there is a growing need for clarity in this rapidly changing field.

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We are delighted to be a contributing firm to the Singapore chapter of the 3rd edition of the Legal 500: Environmental, Social and Governance Comparative GuideThe chapter was authored by our Partners Dr. Joseph Chun, Teo Mae Shaan, Ian Chew and Joseph Tay.

The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of environmental, social and governance law across a variety of jurisdictions.

Each chapter of this guide addresses topics such as climate, biodiversity, water, EDI and statutory responsibility, as well as insight and opinion on the most common issues in their respective country.

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The recent Food (Amendment) Regulations 2025 aims to align food labelling requirements in Singapore with international standards, particularly those of the Codex Alimentarius. Key updates include new rules for gluten-related claims, expanded use of generic terms in ingredient lists, and clearer label ling requirements. Introduction The Food (Amendment) Regulations 2025 was officially gazetted on 31 January 2025, with […]

Parliament passed the Food Safety and Security Act on 8 January 2025. The Act is designed to consolidate and enhance existing food-related laws to address the evolving challenges of Singapore’s food sector. The implementation of the Act will occur in phases, commencing in the second half of 2025 and concluding by 2028, allowing stakeholders adequate time to adapt to the new regulatory framework.

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The EU Green Bond Regulation[1] entered into force on 20 December 2023 and came into effect on 21 December 2024. It sets a standard for EU Green Bonds that issuers can choose to adopt when labelling their bonds to raise finance for environmentally sustainable projects. One of the requirements for the voluntary ‘gold’ standard is […]

On 13 January 2025, the Monetary Authority of Singapore (“MAS”) published its response to feedback received on its proposed notice on the prevention of money laundering and countering the financing of terrorism (“AML/CFT”) requirements for approved exchanges and recognised market operators formed or incorporated in Singapore (collectively referred to as “Singapore organised market operators”).

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Where a bank finances an international sale of goods, original bills of lading (“OBLs”) are amongst the documents that will be presented by a seller to the bank to obtain payment for the goods. The OBLs are held by the bank as security for the financing extended to the buyer. If the cargo is discharged by the carrier without presentation of the OBLs, the bank has a claim in misdelivery against the carrier.

One of the defences raised against a misdelivery claim is that the bank would have consented to the cargo being discharged from the carrier without presentation of the OBLs in any event. As such, it is argued, the bank is not entitled to the damages sought as the carrier’s breach of the contract of carriage did not cause the loss allegedly suffered by the bank. Such a defence was successfully established in Unicredit Bank AG v Euronav NV [2022] 2 Lloyd’s Rep 467, where the English High Court rejected the plaintiff bank’s misdelivery claim. The decision was affirmed on appeal.

In the recent case of The Maersk Katalin [2024] SGHC 282, the same defence was considered by the Singapore High Court, but the carrier in that case failed to succeed in this defence. Nevertheless, the case serves as a reminder that a bank’s security over the cargo (by virtue of being holder of the OBLs) would be compromised if the carrier is able to prove that the bank would have counterfactually consented to the discharge of the cargo without presentation of the OBLs.

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The Court of Appeal ruled that assignments may be ineffective for offending public policy. Additionally, an assignment of a bare right to sue must not prejudice the administration of justice. Generally, non-assignment clauses would also prohibit the assignment of contractual and related rights.

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