Privatisation of Companies and Delisting Options

In recent times, parent companies have been contemplating privatisation options due to subdued valuations in the market. This shift seems to have prompted exploration of alternative strategies in response to prevailing market conditions, perhaps as a means to unlock latent value within the companies and/or to allow for greater flexibility and control. 

This legal note offers an overview of various delisting options that could be viable strategies for companies contemplating privatisation.

Privatisation of Companies and Delisting Options


Interim Injunctions for Restraint of Trade Clauses

Interim Injunctions for Restraint of Trade Clauses (MoneySmart Singapore Pte Ltd v Artem Musienko [2024] SGHC 94) – This case underscores the High Court’s stance that overly broad restraint of trade clauses are generally unenforceable. It highlights key considerations for employers when drafting restraint of trade clauses in employment agreements. This case further reinforces the notion that boilerplate clauses relating to restraint of trade should be reviewed carefully.

Interim Injunctions for Restraint of Trade Clauses


Pioneering AI Governance: A First Look into the Landmark EU AI Act

On 13 March 2024, the European Parliament approved the Artificial Intelligence Act, the world’s first comprehensive legislation specifically designed to regulate artificial intelligence systems. This legal note offers an overview of the obligations introduced by the Act and outlines the preparatory steps that Singapore-based businesses and organisations deploying AI systems in the European Union should consider. The Act is expected to commence in the second or third quarter of 2024.

Pioneering AI Governance: A First Look into the Landmark EU AI […]


Proposed Repeal of Registered Fund Management Companies Regulatory Regime

This legal update discusses the Monetary Authority of Singapore’s recent decision to sunset the Registered Fund Management Companies regulatory regime so as to streamline the regulatory framework for fund managers in Singapore with the overall goal of encouraging the growth of Singapore’s fund management industry.

Legal Update: Proposed Repeal of the Registered Fund Management Companies Regulatory Regime


Overview of PDPC’s Advisory Guidelines on the Use of Personal Data in AI Systems

On 1 March 2024, the Personal Data Protection Commission released a new set of advisory guidelines to provide businesses with, among others, more clarity on the use of personal data to train or develop artificial intelligence (“AI“) systems, as well as data protection best practices for businesses implementing AI.

We provide a summary and brief commentary of the Guidelines here:

Legal Update: An overview of the NEW PDPC Advisory Guidelines on the use of Personal Data in AI Systems


High Court Dismisses Appeal by Condominium Resident for Removal of Wheelclamp

This case update discusses when a decision of the Strata Titles Board is appealable to the General Division of the High Court, how the time for appeal is calculated and the principles applicable to an application for extension of time to file appeal.

Case Update: High Court Dismisses Appeal by Condominium Resident for Removal of Wheelclamp


Navigating the Future: Singapore’s Proposed Model AI Governance Framework for Generative AI

This legal note provides an overview of the draft Model AI Governance Framework for Generative AI in Singapore, which was issued by the AI Verify Foundation and Infocomm Media Development Authority on 16 January 2024. A public consultation on the Draft Framework is presently ongoing and will close on 15 March 2024.

Navigating the Future: Singapore’s Proposed Model AI Governance Framework for Generative AI