Professional Services/Legal
PwC to pioneer GenAI in Singapore’s legal services sector with new partnership
PwC to pioneer GenAI in Singapore’s legal services sector with new partnership
PwC has forged partnerships with GenAI companies Harvey and ContractPodAi.
COTD: Singapore ranks fourth in APAC for legal office leasing in H1 2024
Singapore also offers the second-highest salary range for first-year legal associates in APAC.
Gig workers to get housing, retirement adequacy with new bill
If passed, it will take effect on 1 January 2025.
CCCS fines Rei Securite and ex-director over bid-rigging activity
The competition watchdog imposed $8,787 in total financial penalties on the two.
Scope creep, low fees prompted new blueprint for architects
New framework from the Singapore Institute of Architects aims to ensure fair compensation.
New gov’t unit to resolve severe neighbour disputes
It will initially operate for one year in selected HDB estates.
Anti-money laundering bill to tighten customer due diligence checks in casinos
The bill seeks to lower the threshold for suspicious transactions to S$4,000.
Oxley Holdings further denies CEO’s links to Venice corruption probe
It clarified that CEO Ching Chiat Kwong acted on its behalf when evaluating the Pili Land.
Oxley Holdings CEO denies involvement in Venice corruption probe
Ching Chiat Kwong referred to the accusations as “unfounded and untrue”.
6 family office funds linked to $3b money laundering case granted tax incentives
These were withdrawn when the owners or their spouses faced charges or were convicted.
Anti-proliferation financing law mandates post-closure record-keeping for pawnbrokers, PSMDs
Failure to comply may result in a fine of up to $100,000 (US$74,000).
Gov’t eyes tighter measures vs. money laundering
A possible amendment to the law includes giving regulators access to suspicious transaction reports.
Singapore outpaces global peers in ethics compliance
Singapore organisations lead with 20% higher ethics and compliance metrics than global averages.
Equity compensation raises tax reporting complications, experts say
Singapore’s simpler tax systems and unique rules create unique problems
SG and HK judiciaries ink MOU on family justice system cooperation
The MOU will streamline access to justice for both jurisdictions.
Better interest income boosts UOB Kay Hian’s FY23 net profit by 61.3% YoY
Net profit for the period was $166.1m.
New bill likely to prolong fundraising, leadership change for firms critical to national security
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
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