In Issue 3 of RHTLaw Taylor Wessing’s China Practice Bulletin, our China Practice team shared key insights on the New SAFE (State Administration of Foreign Exchange) Rules on the Share Incentives Schemes offered by Foreign Listed Companies.
The Notice of Relevant Issues of Foreign Exchange Administration Concerning Domestic Individuals’ Participation in Share Incentive Schemes of Foreign Listed Companies (“Circular 7”) was issued on 15 February 2012 and supersedes the 2007 SAFE rule on the same subject. A summary of the key provisions and amendments in Circular 7 can be found in the bilingual bulletin.
Please click on the link below to view it:
China Practice Bulletin Issue No. 3
As part of RHTLaw Taylor Wessing’s value added services, our China Practice team will be sharing key legal insights about China through the quarterly bulletin.
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RHTLaw Taylor Wessing LLP is the proud dinner sponsor of the Singapore Institute of Directors (SID) Golf Tournament 2012, which was held on Sunday, 24 June 2012 at the Sentosa Golf Club.
This annual social event is organised by the SID since 2001 and is attended regularly by directors and senior management of corporations in Singapore. The list of sponsors for this year’s event include Keppel Corporation, NTUC Fairprice, Sembcorp, ARA, Asia Water Technology, Boustead, Decision Processes International, Deloitte, Ernst & Young, Frasers Centrepoint, Gas Supply Pte Ltd (GSPL), Hartawan Holdings Limited, KPMG, LMA, PricewaterhouseCoopers, Rotary Engineering, Senoko, SMRT, Standard Chartered, Tat Hong Holdings Limited, Tuas Power, the Singapore Exchange, and RHTLaw Talylor Wessing. The Minister for Defence Dr Ng Eng Hen was the Guest of Honour at the dinner held in the evening.
Also present at the dinner were Managing Partner and Head of Corporate and Securities Practice Mr Tan Chong Huat, Partner and Deputy Head of Corporate and Securities Practice Mr Lawrence Wong, Corporate and Securities Partner Mr Lin Song, Associate Director of RHT Corporate Advisory Pte Ltd Mr Nathaniel C V, and Corporate and Securities Senior Associate (Foreign Lawyer) Mr Lee Bagshaw.
RHTLaw Taylor Wessing congratulates RHT Corporate Advisory on being appointed as the corporate secretarial agent by Suntar Eco-City Limited (previously known as Reyphon Agriceutical Limited), a Mainboard Listed Company, with effect from 11 May 2012.
Reyphon Agriceutical Limited was established on 22 September 2006 and was listed on the Mainboard of SGX-ST on 1 August 2007. The Group is primarily engaged in production of pharmaceutical ingredient products. The Group has been actively exploring new business opportunities to rejuvenate the Group. The Company had made announcements of its intention to enter the eco-tourism management business and business of hotel ownership and management, development, sale, lease and management of residential and commercial properties.
Upon receipt of shareholders’ approval on 11 June 2012, the Company had expanded the Group’s scope of business to include eco-tourism real estate development and management business. The Company had also changed its name to Suntar Eco-City Limited with effect from 11 June 2012.
RHTLaw Taylor Wessing has brought to its ranks two new Partner hires, together with their support teams– veteran shipping lawyer Mr Govindarajalu Asokan, and general litigation lawyer Ms Mimi Oh, in a move to strengthen her Litigation and Dispute Resolution practice.
Mr Asokan joins RHTLaw Taylor Wessing as a Partner. Widely regarded as a leader in Admiralty and Shipping Law, Govind brings with him, 33 years of experience in commercial and shipping litigation, arbitration, insurance, tax, banking, domestic and international business transactions. He has published numerous papers on a variety of topics such as marine insurance fraud, powers of arbitrators, oil pollution, banking secrecy, product liability and tax benefits of Singapore-registered vessels. He was also conferred the Public Service Medal (Pingat Bakti Masyarakat, PBM) in 2004.
Ms Oh, who has 18 years of practising experience, joins as a Partner for RHTLaw Taylor Wessing. Prior to this, she ran her own practice under the name of Mimi Oh & Associates. Her main areas of practice include general litigation, alternative dispute resolution and commercial arbitration. Throughout her career, she has dealt with disputes from various perspectives, worked on matters involving employment, matrimonial, civil, criminal, construction and insolvency, and represented a vast range of clientele including individuals, corporate bodies, management corporations, developers, contractors and professionals, and the Law Society of Singapore.
With them on board, RHTLaw Taylor Wessing has a total of 31 Partners, 2 Consultants and 27 Associates and Legal Managers*.
*Lawyers not called to Singapore bar but qualified to practice in their respective jurisdictions