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Allen & Gledhill LLP


Singapore High Court upholds non-compete clause in employment contract of former broker

Singapore - March 30 2015 On 5 February 2015, the Singapore High Court upheld a non-compete clause in the employment contract between a leading inter-dealer broker, GFI

Singapore High Court finds post-termination non-competition and non-solicitation covenants void

Singapore - July 30 2014 The Singapore High Court in Lek Gwee Noi v Humming Flowers & Gifts Pte Ltd considered whether non-competition and non-solicitation covenants in an

Singapore Court of Appeal holds that clause restraining call on performance bond on any ground, including unconscionability, was enforceable

Singapore - July 30 2015 The Singapore Court of Appeal in CKR Contract Services Pte Ltd v Asplenium Land Pte Ltd & Anor and another appeal and another matter reversed the

MAS issues new Notice on Minimum Liquid Assets and Liquidity Coverage Ratio

Singapore - December 23 2014 On 28 November 2014, the Monetary Authority of Singapore (the "MAS") issued the new MAS Notice 649 on "Minimum Liquid Assets and Liquidity Coverage

Employment (Amendment) Act 2015 passed in Parliament and partially in force from 22 August 2015: requirements for employers to provide employees with written record of key employment terms and pay slips not yet in force

Singapore - August 31 2015 The Employment (Amendment) Act 2015 has been passed in Parliament on 17 August 2015 and gazetted on 21 August 2015. The Employment (Amendment) Act

MAS issues notice to licensed trade repositories and approved clearing houses on Financial Market Infrastructure Standards

Singapore - September 30 2015 On 31 August 2015, the Monetary Authority of Singapore (the "MAS") issued a new "Notice on Financial Market Infrastructure Standards" (the "Notice"

MAS consults on Implementation Issues arising from removing the DBU-ACU divide

Singapore - September 30 2015 The Monetary Authority of Singapore (the "MAS") has released a consultation paper on "Removing the DBU-ACU Divide - Implementation Issues". The

Singapore Court of Appeal rules stay of proceedings in favour of arbitration

Singapore - September 29 2015 In the recent case of Sim Kay Choon & Ors v NTUC Income Insurance Co-operative Limited, the Singapore Court of Appeal had to address questions

SIAC announces release of revised model arbitration clause

Singapore - September 29 2015 On 1 September 2015, the Singapore International Arbitration Centre (the "SIAC") announced the release of its revised model arbitration clause (the

Singapore Court of Appeal allows appeal for discharge of worldwide Mareva injunctions as respondents fail to establish risk that appellants would dissipate assets

Singapore - September 29 2015 In the ground breaking case of Bouvier, Yves Charles EDGAR & Anor v Accent Delight International Ltd & Anor and another appeal, the Singapore Court