SGX Global Listing Board Rules, SFA Regulations Come into Effect to Facilitate Dual Listings on SGX and Nasdaq
To facilitate dual listings on the Singapore Exchange (“SGX“) and Nasdaq, Inc. (“Nasdaq“) on the Global Listing Board (“GLB“), SGX has issued the GLB Rules setting out the admission requirements and ongoing listing obligations. The Securities and Futures (Amendment) Act 2026 (“Amendment Act“) and several Securities and Futures Act 2001 regulations have also come into effect in order to operationalise the GLB framework.
This development follows from consultations conducted by SGX and the Monetary Authority of Singapore. To read more about these consultations, please refer to our January 2026 Legal Update titled “SGX & MAS Consult on Changes to Listing Rules and SFA to Facilitate Dual Listings on SGX and Nasdaq“. For details on the changes introduced by the Amendment Act, please refer to our June 2026 Legal Update titled “Securities and Futures (Amendment) Act 2026 Comes into Effect on 29 June 2026: Dual-Listing Board Framework and Retail Investor Access“.
This Update highlights key features of the GLB Rules and SFA Regulations which facilitate dual listings, and key takeaways for issuers.
For more information, click here to read our Legal Update.
PDPC Proposes New Advisory Guidelines on Use of Personal Data in Generative AI
The rise of generative artificial intelligence (“Gen AI“) has been swift and pervasive, with Gen AI now forming part of the foundational digital infrastructure of both the economic and social spheres. However, with the novel and ever-evolving nature of Gen AI, questions have arisen as to how the development and use of Gen AI fits into the existing legal framework.
One of the key concerns is how Gen AI interacts with the personal data protection regime. Against this backdrop, on 2 June 2026, the Personal Data Protection Commission (“PDPC“) issued a set of Proposed Advisory Guidelines on Use of Personal Data in Generative AI (“Proposed Guidelines“). The Proposed Guidelines aim to clarify how the Personal Data Protection Act 2012 (“PDPA“) applies to address key data protection issues for situations where the development and deployment of Gen AI involves the use of personal data, including: (i) the collection and use of personal data to develop Gen AI models; (ii) the allocation of data protection responsibilities across the Gen AI cycles; and (iii) the handling of individuals’ requests concerning the processing of their personal data for Gen AI.
PDPC has conducted a public consultation on the Proposed Guidelines, seeking views on the draft guidance. The public consultation closed on 1 July 2026. The Proposed Guidelines build on and should be read in conjunction with PDPC’s existing guidelines, including the Advisory Guidelines on the Use of Personal Data in AI Recommendation and Decision Systems, which we covered in our March 2025 Legal Update titled “PDPC Issues Advisory Guidelines on Use of Personal Data in AI Recommendation and Decision Systems“.
For more information, click here to read our Legal Update.
Worldwide Freezing Orders in Support of Foreign-Seated Arbitrations - Court Upholds US$330m Mareva Injunction
In KBP Biosciences Pte Ltd and another v Novo Nordisk A/S [2026] SGCA(I) 2, the Singapore Court of Appeal upheld a worldwide freezing order granted by the Singapore International Commercial Court under section 12A of the International Arbitration Act 1994 (2020 Rev Ed) in support of a New York-seated International Chamber of Commerce arbitration. The appeal raised important questions concerning the Singapore courts’ power to grant interim relief in aid of foreign-seated arbitrations and the law on Mareva injunctions in Singapore.
In this Update, we highlight the key points of the Court of Appeal’s decision and its implications for applicants seeking interim relief in support of international arbitrations. For more information, click here to read the full Update.
Visit Arbitration Asia for insights from our thought leaders across Asia concerning arbitration and other alternative dispute resolution mechanisms, ranging from legal and case law developments to market updates and much more.
MinLaw to Implement Recommendations to Enhance Singapore's Corporate Restructuring and Insolvency Regime
On 14 May 2026, the Ministry of Law (“MinLaw“) announced that it has reviewed and broadly accepted the recommendations of the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime (“Committee“).
The Committee’s recommendations arise from its “Report of the Committee to Enhance Singapore’s Corporate Restructuring and Insolvency Regime 2025“, published on 11 March 2025, detailing its views, perspectives and recommendations on proposed amendments to further enhance Singapore’s corporate debt restructuring and insolvency framework. These recommendations span four broad categories: (i) strengthening the judicial management regime; (ii) refining the cross-class cramdown in schemes of arrangements; (iii) refining the framework and tools for efficient debt restructurings; and (iv) adopting the UNCITRAL Model Law on Enterprise Group Insolvency and the UNCITRAL Model Law on Recognition and Enforcement of Insolvency-Related Judgments.
Following from its consultation from 11 March 2025 to 8 April 2025, MinLaw has confirmed that, at the implementation phase, it will take into account respondents’ various suggestions on implementing the recommendations and on how to adapt or refine them to achieve the underlying policy objectives.
This Update delves into further detail on some of the key recommendations that have been accepted and their implications for stakeholders.
For more information, click here to read our Legal Update.
Revisions to CCS's Merger Procedure Guidelines in Effect from 1 May 2026
One of the key roles of the Competition and Consumer Commission of Singapore (“CCS“) is to review mergers to prevent a substantial lessening of competition (“SLC“) in Singapore markets. To assist businesses in navigating the review process, CCS has published various guidelines, including the CCS Guidelines on Merger Procedures (“Merger Procedure Guidelines“), which provide guidance on the notification and investigation procedures in cases involving mergers.
As part of its periodic reviews of its guidelines, CCS has completed its review of proposed changes to the Merger Procedure Guidelines to introduce a streamlined approach to the merger assessment process. This follows a public consultation on the proposed changes conducted from October to November 2025. For more information, please see our November 2025 Legal Update titled “CCS Consults on Proposed Changes to Guidelines on Merger Assessment and Settlement Procedures“.
The revised Merger Procedure Guidelines and consequential amendments to other CCS guidelines came into effect on 1 May 2026.
This Update highlights the key changes in the Merger Procedure Guidelines and outlines the practical implications for businesses engaged in merger transactions in Singapore.
For more information, click here to read our Legal Update.
The Hormuz Effect: What Middle East Disruption Means for Your Project
The conflict in the Middle East has heightened the risk of disruption to key maritime routes in the Gulf, particularly the Strait of Hormuz, a critical artery for global energy and trade through which a significant portion of the world’s oil and liquefied natural gas is transported. The impact on the construction sector has already been felt in Singapore and may be broadly divided into two categories: (i) first, delay arising from disruption to shipping routes, supply chains and logistics; and (ii) second, cost escalation, particularly in relation to materials, freight and insurance.
We examine how these developments engage force majeure and price escalation provisions in standard form construction contracts used in Singapore, as well as the doctrine of frustration.
For more information, click here to read our Legal Update.
Singapore and The Philippines Sign Implementation Agreement on Carbon Credits Collaboration Under Article 6 of the Paris Agreement
On 30 April 2026, Singapore and the Philippines signed an Implementation Agreement on carbon credits collaboration under Article 6 of the Paris Agreement, during the Association of Southeast Asian Nations (ASEAN) Climate Week held in Manila.
The Implementation Agreement establishes a legally binding bilateral framework for the generation and transfer of carbon credits from carbon mitigation projects aligned with Article 6 of the Paris Agreement. It represents the Philippines’ first such Implementation Agreement.
Carbon credits authorised under the Implementation Agreement may be used for a range of purposes, including:
Carbon tax-liable companies in Singapore may offset up to 5% of taxable emissions under Singapore’s International Carbon Credits framework.
- Complying with binding mandates such as Nationally Determined Contributions and the Carbon Offsetting and Reduction Scheme for International Aviation.
Singapore has committed to channelling a 5% share of proceeds from authorised carbon credits towards climate adaptation measures in the Philippines, and to the cancellation of 2% of correspondingly adjusted carbon credits at first issuance as a contribution towards a net reduction of global emissions.
For more information, click here to read our Legal Update.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice
