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Singapore: First phase of implementation of the Personal Data Protection (Amendment) Act

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On 1 February 2021, certain sections of the Personal Data Protection (Amendment) Act 2020 came into effect as part of a phased implementation.We had previously summarised in our earlier client alerts the changes proposed during the public consultation ("Consultation Paper") on the Personal Data Protection (Amendment) Bill ("Bill"), as well as the salient differences between the Consultation Paper and the Bill that was introduced and read in the Singapore Parliament on 5 October 2020. The Bill has since been passed by Parliament on 2 November 2020 ("Act") and the accompanying guidelines issued in draft form by the Personal Data Protection Commission (PDPC) on 20 November 2020, which we have summarised in another client alert, has since been integrated into the other guidelines issued by the PDPC.In this client alert, we will further elaborate on some provisions of the Act that came into effect on 1 February 2021.

Financial Regulatory and Enforcement Content Hub

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Join Baker McKenzie regulatory and enforcement practitioners as we navigate this uncertain time and work together through the challenges ahead. We offer practical advice...

Finding Balance: The Post-Covid Landscape for Financial Institutions

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COVID-19 represents one of the greatest ever shocks to our economies and, in consequence, to the business models of financial institutions and the way...

Singapore: MAS revises Technology Risk Management Guidelines

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In brief The Monetary Authority of Singapore (MAS) has recently revised its Technology Risk Management Guidelines 2021 (“TRM Guidelines”)1 after feedback from a 2019 public consultation2 and...

Covid-19: Government Intervention Schemes Guide

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Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government...

Singapore: Potential pitfalls in employment terminations

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Singapore Recreation Club v Abdul Rashid Mohamed Ali and another [2020] 5 SLR 883 provides a timely reminder of the possible pitfalls that employers may encounter when terminating employment. Employers should take note of the High Court’s observations given the trend of increasing numbers of wrongful dismissal claims brought against former employers.

United Kingdom: The Future of the Corporation

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Insurtech (Part 2) Taking off from the recent publication, Insurtech: Opportunities and Legal Challenges for the Insurance Industry, Chris Murrer and Iris Barsan walk through observations...

Indonesia: Cross-border Deals – Navigating Merger Control Under the New Guidelines

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Over the past year or so, the regulatory regime for merger control in Indonesia has seen significant changes. In October 2019, the Indonesian Business Competition Supervisory Commission ("KPPU") issued a new rule on assessments of M&A transactions ("2019 Rule"), which was further clarified by the guidelines issued in October 2020 ("2020 Merger Guide").We discussed these issues in the webinar on "Navigating Merger Control Rules in Cross-Border M&A Transactions" broadcasted on 17 December 2020.

International: Modern Workforce: A SMART Approach to Digital Transformation

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Digital transformation is not only about technology, it is about bringing together the power of technology with a culture that embraces the change and...

Singapore: CCCS applies Fast Track Procedure for the first time in an infringement decision

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The Fast Track Procedure (FTP) introduced in December 2016 by the Competition and Consumer Commission of Singapore (CCCS) has been applied for the first time in a bid-rigging decision involving three water features maintenance businesses (CU Water Services, Crystalene Product (S) and Crystal Clear Contractor) ("Infringement Decision"). In exchange for admission of liability and cooperation with the CCCS in respect of their infringement of the prohibition against anti-competitive agreements under section 34 of the Competition Act (Cap. 50B), Crystalene Product (S) and Crystal Clear Contractor benefitted from a 10% reduction on their respective penalties under the FTP. This is in addition to discounts made available to them under the CCCS's leniency regime by virtue of their leniency applications.  
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