The Re-Align Framework announced by the Ministry of Law on 10 December 2020 will allow small and micro businesses significantly affected by the COVID-19 pandemic to renegotiate certain types of contracts with their counterparties (the “other party”). If parties are unable to successfully renegotiate, the framework provides for the termination of the contract.
Silvester Legal LLC on a recent case featured in Lian He Wan Bao 19 Jan 2021.
Though using $1 to transfer the business ownership isn’t illegal, the major shareholder (boss) should always get the consensus from his other shareholders before proceeding with such a major business decision.
Congratulations on starting your business venture! You’ve taken a bold step forward, now it’s time to learn more about the nitty-gritty part of entrepreneurship.
If you’re like many small business owners, your hiring priority would go to marketing, sales, and administrative staffing. Legal issues probably won’t be of your immediate concern. Besides, what’s the worst that could happen? Getting the business off the ground should take higher priority.
The Personal Data Protection Act (PDPA) was enacted in October 2012 to govern the collection, use and disclosure of personal data. Following the amendments made to the Personal Data Protection (Amendment) Act 2020, the PDPA has established nine data protection obligations that an organisation ought to act in compliance with. In an effort to assist these organisations in evaluating whether its data protection policies satisfy the obligations stated in the PDPA, the Personal Data Protection Commission (PDPC) has produced a PDPA Assessment Tool for Organisations (PATO).
The Personal Data Protection Act (PDPA) was enacted in October 2012 to govern the collection, use and disclosure of personal data. Following the amendments made to the Personal Data Protection (Amendment) Act 2020, the PDPA has established nine data protection obligations that an organisation ought to act in compliance with. In an effort to assist these organisations in evaluating whether its data protection policies satisfy the obligations stated in the PDPA, the Personal Data Protection Commission (PDPC) has produced a PDPA Assessment Tool for Organisations (PATO).
