In an ideal world, disputes would be resolved amicably, but in practice, adversarial methods like litigation and arbitration are often used. Arb-Med-Arb, short for Arbitration-Mediation-Arbitration, is a dispute resolution process that seeks to integrate mediation into the traditional arbitral process. The purpose of this approach is to provide parties with an additional opportunity to settle…
Navigating Rules of Evidence in International Arbitration – A Spotlight on Singapore
In international arbitration cases held in Singapore, the process of handling evidence differs from traditional court proceedings. Unlike in courts, there are no predefined rules of evidence that automatically apply in international arbitration. Instead, the treatment of evidence becomes the responsibility of the arbitral tribunal when there is no prior agreement between the parties on…
Limitation Periods In Singapore: When Does Your Right To Sue Expire
Limitation periods in Singapore are governed by specific legal frameworks which set the time limits within which an individual or entity must initiate legal proceedings. These periods define the window for enforcing legal rights through the courts. The rationale behind limitation periods is to ensure legal certainty and fairness, preventing the indefinite hanging over of…
Directors Fees and Renumeration In Singapore: What You Need To Know Legally
In Singapore, the remuneration of directors is a topic of significant legal and corporate governance interest. Directors, who are appointed to manage and oversee the operations of a company, are compensated for their services. This compensation, known as directors’ remuneration, includes any form of payment or benefit given to them in return for their services…
(ChannelNewsAsia Article Interview) Why Wasn’t Ong Beng Seng Charged With Iswaran? Lawyers Weigh in
Nicolas was interviewed for this ChannelNewsAsia article: Why Wasn’t Ong Beng Seng Charged With Iswaran? Lawyers Weigh in. Written by: Louisa Tang The Attorney-General’s Chambers has said it will decide on the investigations against the billionaire tycoon after the Iswaran case is completed. CNA speaks to legal experts and lawyers on the possible reasons behind…
Enforcing Court Orders Under the Rules of Court 2021
Previously in Singapore, when a creditor won a court judgment against a debtor, and the debtor did not follow the judgment’s terms, there were legal avenues to ensure compliance. One such method was through “garnishee proceedings.” In this context, a “garnishee” was a third party who owed money to the judgment debtor. When the court…
Business Structures In Singapore: An Overview Of The Various Entity Types
Singapore’s dynamic economy offers a wide range of opportunities for business ventures. The choice of business structure influences various factors including tax obligations, image and perception among clients and suppliers, the amount of required paperwork, personal liability, borrowing capacity, and the potential for business expansion. Each entity type has distinct characteristics and is governed by…
Legal Guide To Setting Up A Hotel In Singapore
Regulatory Framework: Understanding the Hotels Act and Relevant Authorities The foundation of Singapore’s hotel industry is the Hotels Act, which outlines the legal requirements for hotel operations. This Act, enforced by the Hotels Licensing Board, stipulates standards for hotel establishment and management. Comprehension of the Hotels Act is crucial for prospective hotel owners to ensure…
Business GST Registration In Singapore: Everything You Need To Know
Business GST Registration In Singapore In Singapore, Goods and Services Tax (GST) is a fundamental aspect of the business taxation system, mirroring the concept of Value-Added Tax (VAT) prevalent in many other countries. GST is a broad-based consumption tax levied on the import of goods, as well as nearly all supplies of goods and services…
Foreign Sourced Income Taxation In Singapore
Singapore’s tax system is predominantly territorial, focusing primarily on income sourced within the country. Under this system, Singapore resident companies are liable for tax on income generated within its borders. However, the taxation of foreign-sourced income, defined as income earned by a Singapore company outside the jurisdiction introduces unique considerations into the tax landscape. The…