NOTICE OF RELOCATON

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Dear Valued clients and business associates, We are pleased to inform you that with effect from 22nd Sept 2016, our Hong Kong office, Acutus CPA Limited will be relocated to the following address. Our main telephone and facsimile number remain...

CHANGES TO THE HONG KONG’S WINDING-UP AND INSOLVENCY LAW

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On 3 June 2016, the Hong Kong Government gazetted the Companies (Winding-up and Miscellaneous Provision) (Amendment) Ordinance 2016, (the “Amended Ordinance”). Whilst the enforcement date is yet to be set, the Amended Ordinance is intended to improve and modernise Hong...

BANKRUPTCY (AMENDMENT) ACT 2015

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Changes to the bankruptcy law under the Bankruptcy (Amendment) Act 2015 came into operation on 1st August 2016. The amendments are intended to create a more rehabilitative regime for bankrupt individuals to provide greater certainty as to when they are...

ALTERNATIVE FORMS OF DISPUTE RESOLUTION

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Each time a legal dispute arises, individuals or enterprises are usually inclined to believe that litigation is the only way to resolve their problems. Whilst this may be the case, there are however other alternatives available to resolve conflicts without...

SINGAPORE BUDGET HIGHLIGHTS 2016

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FOREWORD The Finance Minister, Mr. Heng Swee Kiat, presented his maiden Budget on 24 March 2016. Marked as his first Budget under the current term of government, the Minister draws on challenges that Singapore is facing currently as the driving...

CYBER RISK – A GROWING THREAT

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The cyber risk landscape is evolving rapidly and has been consistently identified by governments and businesses as one of the key emerging global risks with the potential to undermine national security and critical infrastructure. Businesses that store confidential customers’ and...

UPDATES ON FINANCIAL REPORTING IN SG

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ACRA’s 10 Review Focus on 2015 Financial Statements1 1 “2015 Financial Statements” refer to financial statements with financial year ended between 1 January 2015 and 31 December 2015. On 9 December 2015, the Accounting and Corporate Regulatory Authority (“ACRA”) issued...

THE TRANS-PACIFIC PARTNERSHIP – A SUMMARY

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What is the Trans-Pacific Partnership? The Trans-Pacific Partnership (“TPP”) is a comprehensive trade agreement signed between 12 Pacific Rim countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. This was concluded...

ACRA ANNOUNCES IMPLEMENTATION DATE FOR PHASE 2 OF COMPANIES ACT AMENDMENTS

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ACRA Announces Implementation Date for Phase 2 of the Companies Act Amendments Following the amendments of phase 1 of the legislative amendments to the Companies (Amendment) Act 2014 on 1 July 2015, the Accounting and Corporate Regulatory Authority of Singapore...

THE CHINESE DREAM – ONE BELT, ONE ROAD

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The concept of the “Belt’ and “Road” came into prominence in 2013 when it was raised during visits to Central Asia and South East Asia by President Xi Jingping and Premier Li Keqiang respectively. Since its announcement, China has been...