SINGAPORE HIGH COURT AWARDS S$200,000 IN DAMAGES FOR TRADE MARK INFRINGEMENT BY INSTAGRAM MERCHANT SELLING UPCYCLED LOUIS VUITTON PRODUCTS

This Client Note discusses the Singapore High Court’s award of S$200,000 in damages for trade mark infringement by an Instagram merchant selling ‘upcycled’ Louis Vuitton products.

SINGAPORE HIGH COURT AWARDS S$200,000 IN DAMAGES FOR TRADE MARK INFRINGEMENT BY INSTAGRAM MERCHANT SELLING UPCYCLED LOUIS VUITTON PRODUCTS


Selective Capital Reduction as a Delisting Method

‘Selective Capital Reduction as a Delisting Method’ – This update discusses the recent delisting exercise undertaken by Best World International Limited by way of a selective capital reduction, and elaborates briefly on selective capital reduction as a delisting and squeeze-out method.

Selective Capital Reduction as a Delisting Method


IMDA and AI Verify Foundation finalise Governance Framework for Generative AI and launch Project Moonshot

On 30 May 2024, the Infocomm Media Development Authority (“IMDA”) and AI Verify Foundation (“AVF”) finalised the Model AI Governance Framework for Generative AI in Singapore. On 31 May 2024, IMDA and AVF launched Project Moonshot, an open-source Large Language Models (“LLM”) evaluation toolkit to allow businesses to assess their AI applications in terms of performance and safety. This legal update outlines the key changes made to the finalised Model AI Governance Framework and provides an overview of Project Moonshot.

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SGX RegCo’s Public Consultation on the Facilitation of Shareholder-Requisitioned Meetings

This update discusses the Singapore Exchange Regulation’s recent public consultation, whereby it proposed amendments to the SGX-ST Listing Rules to impose an obligation on issuers to facilitate the convening and conduct of shareholder-requisitioned meetings under sections 176 and 177 of the Companies Act 1967 of Singapore.

Legal Update: SGX RegCo’s Public Consultation on the Facilitation of Shareholder-Requisitioned Meetings


Merger and Acquisition Update – Significant Investments Review Act 2024 of Singapore

This Legal Update provides a summary of the new Significant Investments Review Act 2024 (“SIRA“), which came into effect on 29 March 2024. SIRA establishes an investment management regime to review and regulate significant investments into entities critical to Singapore’s national security interests.

Legal Update: Significant Investments Review Act 2024