Updates / Insights

An array of commentary, opinion and experience from our experts.

Insights

The case of the missing diamonds and diamond seeds

In a twin-judgment released by Justice Hri Kumar Nair, the Setia Team comprising Yam Wern-Jhien (Director), Bethel Chan (Associate Director) and Stanley Tan (Associate) successfully secured judgment against an ex-director for misappropriation of diamonds and diamond seeds, as well as a rare order expunging irrelevant, unreliable, and scandalous material adduced by the Defendant in an attempt to tarnish the reputation of the Claimant and its representatives.  

24 September 2023

Insights

Court exercises rarely invoked power to strike out and expunge irrelevant materials from affidavits filed in an opposed application for a judicial management order.

In Re X Diamond Capital Pte Ltd (Metech International Ltd, non-party) [2023] SGHC 201, the Singapore High Court exercised its rarely invoked power under r 21 the Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020 (CIR Rules) to strike out and expunge irrelevant materials from affidavits filed in an opposed application for a judicial management order.

23 August 2023

Insights

Metaverse Disputes – Navigating Jurisdictional Issues in the Metaverse

The Metaverse involves a confluence of cutting-edge technologies and is touted to become as revolutionary as the Internet when it was first brought into the mainstream. With a projected 25% of the global population spending at least an hour a day in the Metaverse and the size of the Metaverse market expecting to reach USD 758 billion by 2026, fraud in the Metaverse is inevitable. In this article, Danny Ong, Jason Teo, and Stanley Tan of Setia Law LLC consider some of the jurisdictional issues that could arise in the Metaverse which victims of fraud are likely to grapple with when seeking relief.

22 July 2023

Insights

Key takeaways from the ABS’ industry perspective on best practices recommendations on compliance risks with a nexus to digital assets

The Association of Banks in Singapore (ABS) has this month, in collaboration with the MAS, the CAD and Ernst & Young, released a set of ‘best practices’ recommendations from the industry perspective, to help financial institutions (FIs) approach money-laundering (ML), terrorism financing (TF) and sanctions risks in the digital assets space. We summarise the key takeaways for FIs.

22 July 2023

Insights

Corporate Criminal Liability and the Failure to Prevent in Singapore

Victoria Ting recently published an article with Chambers Expert Focus discussing the question: When does a company commit a crime? The article is reproduced below.

20 June 2023

Insights

The Singapore Court’s Treatment of Foreign Solvent Liquidations under the UNCITRAL Model Law on Cross-Border Insolvency

Bethel Chan and Lee Jin Loong recently published an article with Chambers Expert Focus discussing the Singapore Courts' stance on foreign solvent liquidations and their entitlement to recognition or assistance under the UNCITRAL Model Law on Cross-Border Insolvency.

20 June 2023

Insights

Setia Law set to become Singapore’s leading disputes, financial crime and corporate distress specialist.

Setia Law (“Setia”), a first-of-its-kind boutique law firm has launched in Singapore this April. Helmed by Danny Ong and Yam Wern-Jhien along with their talented team of lawyers, Setia Law is a specialist in dispute resolution, fraud and financial crimes, and debt restructuring and insolvency.

03 April 2023

Insights

Singapore Court Considers Novel Crypto Issues In Three Arrows Case

Jason Teo, Associate Director, was recently appointed as Young Independent Counsel in a creditor’s winding up application brought by Algorand Foundation Ltd against Three Arrows Capital Pte. Ltd., the Singapore-incorporated management company for collapsed cryptocurrency hedge-fund firm Three Arrows Capital.

03 April 2023

Insights

Civil Law Act amendments boost Singapore’s credentials as hub for cross-border dispute resolution.

The passing of the Courts (Civil and Criminal Justice) Reform Bill 2021 marked significant changes to the civil litigation landscape in Singapore.

03 April 2022

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