Drew & Napier LLC

UK Court approved a restructuring plan despite shareholders retaining majority shares under the plan

The English High Court in Re Sino-Ocean Group Holding Ltd approved a restructuring plan despite it allowing the shareholders to retain a majority shareholding in the company and thus disproportionally benefiting the shareholders. Among the reasons for its decision, the court noted the economic benef

The suspension of the U.S. FCPA and its implications for U.S. affiliated entities operating in Asia

In February 2025, President Trump passed Executive Order 14209, which temporarily suspends criminal enforcement of the U.S. Foreign Corrupt Practices Act (“FCPA”) for at least 180 days, and directs the U.S. Department of Justice to review all existing FCPA investigations or enforcement actions, and

Single-income and dual-income marriages: Identifying the applicable approach for the division of mat

In WXW v WXX [2025] SGHC(A) 2, the Appellate Division of the High Court clarified that whether a marriage is classified as single-income or dual-income in nature is dependent on the roles undertaken and discharged by the spouses during the marriage. This classification is significant as it determine

Ignore an arbitration at your own risk

In DEM v DEL [2025] SGCA 1, the Court of Appeal considered among other things whether a non-participating party to an arbitration can challenge the award on grounds that the arbitrator failed to consider a point which was not put in issue. The Court of Appeal dismissed the appeal, and held that alth

Protection from Scams Bill: What banks should take note

We highlight key aspects of the Protection from Scams Bill, such as the basis and impact of restriction orders issued by specified police officers, and the potential risks for banks. Read more here.

ASEAN Guide on Data Anonymisation released

On 17 January 2025, Association of South East-Asian Nations (“ASEAN”) unveiled the ASEAN Guide on Data Anonymisation (the “Guide”) at the 5th ASEAN Digital Ministers’ Meeting in Thailand. The Guide was developed by members of our Data Protection, Privacy and Cybersecurity Practice in consultation wi

ASEAN Guide on AI Governance and Ethics covering Generative AI released

On 17 January 2025, ASEAN released the “Expanded ASEAN Guide on AI Governance and Ethics – Generative AI” (“ASEAN Gen AI Guide”) during the 5th ASEAN Digital Ministers’ Meeting in Thailand. In this legal update, Head of TMT Lim Chong Kin and Director Cheryl Seah analyse the 52-page ASEAN Gen AI Guid

Key Developments in relation to Sustainable Finance and the Lending Market in Singapore – Q4 2024

The fourth quarter of 2024 and start of 2025 saw several developments that may impact the Singapore lending market. In this update, Directors Renu Menon, Pauline Chong, and May Ng and Associate Elton Ching highlight developments relating to (i) the Enterprise Financing Scheme, (ii) the Multi-Jurisdi

Division of matrimonial assets & the co-mingling of pre-marital assets

In WQP v WQQ [2024] SGHC(A) 34, the Appellate Division of the High Court held that the fact that the pool of matrimonial assets comprises substantial pre-marriage assets commingled with post-marriage assets is relevant to the division of matrimonial assets pursuant to s 112 of the Women’s Charter. D

10 Highlights from the new SIAC Arbitration Rules with effect from 1 January 2025

The Singapore International Arbitration Centre (“SIAC”) 2025 Arbitration Rules has come into force on 1 January 2025. Unless otherwise agreed by the parties, the 2025 Arbitration Rules and its procedures will apply to any SIAC arbitration which is commenced on or after 1 January 2025. In this Chines