The Covid-19 pandemic gave rise to border closures in a number of parts of the world, and this resulted in shortages of labour where labour is typically accessed from across the border. This has been evident in Singapore, so Singapore’s Ministry of Manpower has decided to implement a temporary easing of regulations restricting renewals of work permits for certain business sectors. These sectors include building … Continue reading Singapore labour regulation softens in light of the Covid-19 pandemic
Singapore has been in the spotlight for the past few months, for different reasons, among which are the country’s response to the Covid-19 pandemic, and the recent shift of global wealth to its shores. What makes Singapore the success story it clearly is, and what should we consider if we have a growing interest in migrating to Singapore, either for business purposes or for residence? … Continue reading Singapore: the pros and cons of basing your business there
Cross-border transactional work is a tough cookie, and even after three decades of ‘watching that space’, I am still not sure if I can see any real clarity! Take for example, a loan arrangement negotiated in Indonesia. Let’s assume that the lender is a ‘global bank’, for example an entity incorporated in Japan, but with global reach. The lender may kick-off negotiations using a loan … Continue reading So what’s all the fuss with cross-border transactions?
This post will focus mainly on joint ventures and joint operations in the upstream hydrocarbons industry, but many of the issues and solutions discussed here are equally applicable to joint ventures in other industry sectors So, to begin! The question of default – how to avoid it, or to deal with it, if it cannot be avoided – involves an area of serious risk for … Continue reading DEFAULT, AND HOW THIS CAN BE DEALT WITH IN A JOINT VENTURE
Although the words “joint venture” (incorporated or otherwise), and “consortium”, are sometimes used synonymously, in particular in infrastructure projects, and hydrocarbons exploration, they are not the same thing. Broadly speaking, both the joint venture and the consortium concern the pooling of resources by hitherto un-associated parties, in order to carry out some piece of work, or tender for something. But there are several difference between … Continue reading Should I form a Joint Venture or a Consortium?
On 1st February this year, the Singapore Parliament took an important step towards shifting the country away from the unnecessary use of paper in carrying out commercial transactions. One such unnecessary use of paper has been in the use of physical bills of lading in maritime trade, as evidence of a contract of carriage and as a receipt for the relevant goods. The step taken … Continue reading Singapore … the hallmarks of a “smart nation”
The Singapore Ministry of Law has enabled small businesses in Singapore suffering financial hardship during the pandemic, to re-negotiate or terminate contracts in certain situations Continue reading Singapore supports small enterprises during the pandemic