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Singapore: CCCS accepts voluntary undertakings from retailers on pricing practices

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The Competition and Consumer Commission of Singapore (CCCS) accepted voluntary undertakings from the owners and operators of the "ABC Bargain Centre," "Valu$" and "ABC Express" retail outlets (collectively "Parties"), to cease the use of "Closing Down Sale" and "Fire Sale" advertisements from 30 September 2020. The CCCS noted that using such advertisements when firms are neither ceasing operations nor are in financial distress can constitute an unfair practice in breach of the Consumer Protection (Fair Trading) Act (Cap. 52A) (CPFTA) as they can mislead consumers into believing that there is a price benefit, which would only be available for a limited period.

Singapore: High Court sets out how potentially privileged materials seized by investigative authorities should...

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In brief In the Singapore High Court decision of Ravi s/o Madasamy v Attorney-General  SGHC 221, the High Court considered the issue of whether legal professional...

Asia Pacific: Sanctions and Investigations Q&A

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Read publicationIn this cover story by Asian-Mena Counsel,* four Baker McKenzie lawyers and two thought-leading GCs talk about key issues in sanctions and investigations.Mini...

Singapore: Introduction of the Personal Data Protection (Amendment) Bill in Parliament

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On 5 October 2020, the Personal Data Protection (Amendment) Bill (“Bill”) was introduced and read for the first time in the Singapore Parliament. The Bill proposes material changes to the Personal Data Protection Act 2012 (No. 26 of 2012) (PDPA).  We had previously summarised in our earlier client alert the changes proposed during the public consultation on the Bill (“Consultation Paper”). There have been material changes between the Consultation Paper and the Bill presented in Parliament. For the purposes of this client alert, we have highlighted, in the paragraphs below, a few salient differences.

Singapore: Ministry of Manpower updates advisory on responsible retrenchment

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In brief Recognizing that retrenchments may now be inevitable for businesses continuing to be negatively affected by COVID-19, the Ministry of Manpower (MOM), the National...

Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

Singapore: New Simplified Insolvency Programme

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The Insolvency, Restructuring and Dissolution (Amendment) Bill 2020 (“Bill”) will be introduced this month and it will establish the SIP. Under the SIP, qualifying micro and small companies (“MSCs”), which are companies with an annual revenue of less than $1 million and $10 million respectively, can benefit from the two simplified but temporary processes that has been adapted from the existing framework in the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”). These processes are the simplified debt restructuring and simplified winding up programme. It is envisioned that the SIP will provide simpler, faster and lower-cost proceedings.

InsurTech – Opportunities and Legal Challenges for the Insurance Industry

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InsurTech did not appear overnight. When it comes to collecting and analyzing data to assess risks and calculate exposures and premium payments, insurance companies...

Singapore: CCCS consults on proposed amendments to competition guidelines

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The Competition and Consumer Commission of Singapore (CCCS) is updating six of its competition guidelines, to educate and inform businesses and competition practitioners by refining and clarifying the analytical and procedural frameworks employed by the CCCS in administering and enforcing the Competition Act (Cap. 50B) (the "Act") in Singapore. The CCCS is conducting a public consultation for feedback on its proposed amendments to the competition guidelines in respect of the treatment of intellectual property rights, market definition, section 47 prohibition (abuse of a dominant position), enforcement, substantive assessment of mergers and merger procedures ("Public Consultation"). The closing date for submissions is 8 October 2020.

Singapore: CCCS’s Guidelines on Price Transparency effective 1 November 2020

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The Competition and Consumer Commission of Singapore ("CCCS") issued the Guidelines on Price Transparency ("Guidelines") to explain how it would interpret the Consumer Protection Fair Trading Act ("CPFTA") in relation to the display/advertisement of prices and pricing practices such as time-limited discounts, free offers and price comparisons. The Guidelines apply to all suppliers, whether operating online or in physical stores, and will come into effect on 1 November 2020.The CCCS is also reviewing the CPFTA to enhance its enforcement powers.
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