Spirited Away - When the Going Gets Tough and the Assets Get Going

About the Seminar 

Directors face difficult choices when the tough gets going for a company. Do they press on or pull down the curtains on a once promising company? In such situations, directors may be tempted to transfer assets out of the company in order to secure their personal interests or the interests of associates. What rights do creditors have when directors succumb to temptation?

These issues were at the centre of the case in Living the Link Pte Ltd (in creditors’ voluntary liquidation) and others v Tan Lay Tin Tina and others [2016] SGHC 67 where the directors sought to transfer assets and cash out of Living the Link to related third parties in the hope of defeating creditors’ claims.

This seminar discusses creditors’ rights when assets are dissipated in bad times by debtor companies.

Seminar Content

1. The law on clawbacks in insolvency.
2. The legal tests for determining insolvency.
3. Director’s duties and liabilities when a company is insolvent.
4. What you should be aware of when dealing with an insolvent company.
5. Case study and discussion.

"All attendees are invited to post-event drinks at Praelum Wine Bistro @ 4 Duxton Hill following the seminar -  Compliments of Nair & Co.!

Speaker Profile

Bryan Tan, Associate Director, Nair & Co.

Bryan is an Associate Director of Nair & Co LLC. His main areas of practice are corporate and commercial litigation, insolvency and employment-related disputes.

He has acted for both companies and individuals in pursuing and defending creditor claims. He has also acted for liquidators, most notably in the case of Living the Link Pte Ltd (in creditors’ voluntary liquidation) and others v Tan Lay Tin Tina and others [2016] SGHC 67 where assets in the amount of $2mn were returned to the company under liquidation.

Bryan graduated from the University of Melbourne in 2008 with degrees in Law and Commerce. He was admitted to the Singapore Bar in 2013.

In 2004, Bryan received the Alan Patterson International Scholarship. The scholarship is awarded to an outstanding graduate of Trinity College Foundation Studies who, in going to undergraduate study at the University of Melbourne, will do so as a resident student.

Bryan currently serves as President of the University of Melbourne Alumni Association (Singapore).

*This seminar is strictly for in-house counsel only.

Launch of the Singapore GC Report

*This event is strictly for General Counsel & Head of Legal only and registrations are limited.

** There will be a no-show fee of $100.00 chargeable for those who do not provide advance notice of their cancellations.

SCCA is launching its flagship report on General Counsel in Singapore, produced in partnership with leading international law firm CMS. 

This breakfast event for senior in-house counsel will include presentations from SCCA and CMS on key topics of interest to Singapore’s in-house legal community, as well as a keynote speech from our special guest Justice Steven Chong, our former Attorney-General.

Programme Overview:-
0800      Registration & Breakfast
0840      Welcome by SCCA President, Wong Taur Jiun
0845      Address by Justice Steven Chong
0915      Presentation by Jonathan Warne
0945      Q&A/ Press Conference/ Networking
1000      End

Key Highlights of the report:
•    How innovative are GCs in Singapore?
•    What are the biggest challenges facing Singaporean GCs?
•    How much do GCs in Singapore have in common with their counterparts elsewhere?
•    What are the long-term ambitions of Singaporean GCs – and are they likely to realise them?
•    What do GCs in Singapore need to succeed?

CMS Partner and Head of Litigation and Arbitration- Jonathan Warne

First Thursdays at Netflix

The Future of Entertainment

From the association that brings you the best in-house counsel events, comes the next exciting installment of the "First Thursdays" series.

The Singapore Corporate Counsel Association is proud to present:

"FIRST THURSDAYS AT NETFLIX"

Join us as we tour the entertainment juggernaut, Netflix, and learn more about their South East Asian branch. Experience the company that brought us award winning movies and TV shows from "Stranger Things" to the critically acclaimed "Annihilation". This is an unique and coveted First Thursdays unlike any other. Be sure to join us as spaces are limited.

*For late registrations, please e-mail secretariat@scca.org.sg. Registrations will be approved upon confirmation from Netflix. If you are unable to join us please e-mail us to allow others to participate.

IOT ASIA & LEGAL-TECH CONFERENCE 2018

FOR IN-HOUSE COUNSEL AND SPONSORED EXTERNAL LAWYERS ONLY.

COMPLIMENTARY PASSES

MEMBERS - COUPON CODE : IOTcomp2018

GUEST - COUPON CODE : IOTguest2018

GUEST - COUPON CODE : IOTguestCOMP 

NOTE:

EXHIBITION IS FREE FOR ALL TO ATTEND- REGISTER HERE

https://www.gevme.com/iotasia2018/?promo=IOT18SCCAGUEST

Ticket Name: SCCA Guest

At SCCA, we try and take advantage of the future ideas and create the most comprehensive and unique events because our members don’t just represent legal but they represent a dynamic part of the economic ecosystem.  IOT Asia has partnered with SCCA to bring legal into IOT space and to share ideas/work and we are excited to offer this huge value to our members.

The analyst firm Gartner said that by 2020 there will be over 26 billion connected devices... 

The new rule for the future is going to be, "anything that can be connected will be connected". What if the wearable device you used in the workplace could tell you when and where you were most active/productive and shares that information with other devices that you used while working? 

This is IOT – Internet of Things!

The IOT opens floodgates of security threats to all things both living and non-living. While imagining how each of us can be connected to billions of other devices can be difficult, the massive amounts of data that all of these devices are going to produce, track, analyze, store and leak can be frightening.

At SCCA IOT Legal Tech Conference 2018, leaders attributing efforts to great work and challenge these day to day matters will share insights. Find out how any of these matters to in-house lawyers. Join Us:-

 Full Program Download HERE

FREE IOT & LEGAL-TECH EXHIBITION PASS FOR 2 DAYS

FREE 2 DAY EXHIBITION PASS

SIZE DOES MATTER. LARGEST EXHIBITION IN SHOW HISTORY

IoT Asia 2018 features a 7,500 sqm exhibition which is the largest edition to date. It is based on 4 key complementary focus areas – Smart Cities, Industrial IoT (IIoT), IoT Data Analytics and Enablers. The exhibition will showcase over 500 IoT products and solutions, and spotlights 6 Group Pavilions – Hungary (new!), France, Singapore, Slovakia (new!), South Korea (new!) and Taiwan and more.

At SCCA, we try and take advantage of the future ideas and create the most comprehensive and unique events because our members don’t just represent legal but they represent a dynamic part of the economic ecosystem.  IOT Asia has partnered with SCCA to bring legal into IOT space and to share ideas/work and we are excited to offer this huge value to our members.

FOR CONFERENCE PASSES - BOOK 

Full Program Download HERE

WILL Summit 2018: Women, Intelligence & Robotics

As part of Women’s International Week, SCCA has crafted an event specifically to appeal to the female in-house counsel. Confident, intelligent, career-focused women who strive and excel in all diversities

“2018 Women in Artificial Intelligence and Robotics” event will garner some 100 women to be introduced to Robotics and Artificial Intelligence in a way that appeals to ladies. The programme comprises a trip to a robotics lab and demo, automated factory facilities and talks by prominent leaders in this industry.

There will be transport from SCCA office to Race Academy at 11 am on event day for all the ladies!

EMPLOYMENT LAW ACT - CONSULTATION PAPER

Introduction

The Ministry of Manpower has announced a comprehensive review of the Employment Act this year. It is set to change the baseline level of protection employees may enjoy in Singapore. What will this mean for employers and employees? How will this impact legal teams and their HR departments? How should SCCA respond to these changes? Come find out more at this briefing and dialogue session. SCCA Members shall be entitled to bring along a representative of their Human Resources team as their guest to this event.

Facilitator

Julia Yeo, Partner, Squire Patton Boggs

Speaker

Wiyatno Gerald Mursjid, Associate, Squire Patton Boggs

Hosted and facilitated by : Squire Patton Boggs Singapore LLP

Join us for this consultation paper and breakfast talk!

Anti-Bribery Compliance: The ABCs of Managing Corruption Risks

Introduction

Singapore is known for its very strong stance against corruption and bribery, but how do our laws compare against those of other countries? In recent years, a lot of attention has been on the US Foreign Corrupt Practices Act and the UK's Bribery Act. The seminar will present an overview of Singapore's Prevention of Corruption Act, how our legislation compares with that in the US and in the UK, and advocate an internal compliance framework through which corporations and business organisations might be able to better manage its corruption and bribery risks.

Seminar Content

Legal framework in Singapore on corruption
- Prevention of Corruption Act
- Key provisions and case law
- Corruption, Drug-trafficking and Other Serious Crimes (Confiscation of Benefits) Act
- Key provisions

US position (FCPA)
- Key features

UK position (Bribery Act)
- Key features
- Demonstrating adequate procedures

Cross-comparison
- Application to public/private sector
- Application to foreign/local operations
- Giver/receiver
- Any minimum thresholds
- Facilitation payments
- Preventive controls mandatory?

Implication for the Singapore work place
- How an organisation may be affected
- Application of UK control principles
- ABC tool kit

CPIB published case studies

Speaker Profile

Eric Chan

Eric Chan is a Partner of Shook Lin & Bok LLP. His area of legal practice is financial services regulation. His work includes advising and helping financial institutions to understand and comply with Singapore financial regulatory rules and regulations. He acts for financial institutions new to the market in applying for the requisite approvals and authorisations, as well as existing financial institutions in ongoing compliance matters. Presently, Eric’s work covers the full spectrum of financial regulatory issues in Singapore, including banking, insurance, capital markets, payment systems and services, anti-money laundering and sanctions compliance.

Eric’s work stems from his years of varied professional experience. He first started private practice doing commercial litigation. He later joined the Monetary Authority of Singapore (MAS) as in-house counsel, where he provided legal support and advice on various regulatory initiatives. During this time, Eric concurrently taught banking law as an Adjunct Senior Fellow at the National University of Singapore.

In 2003, Eric was seconded from the MAS to the Bank for International Settlements to do research on payment systems law. Later he rejoined MAS as Head of International & Regional Relations and worked on policy development for international central banking issues such as money laundering and sanctions compliance. In 2006, Eric joined American Express Bank as the Regional Director for Compliance & Ethics. From 2008 to 2014, Eric was a director in another leading Singapore law firm where he helped to set up their financial services regulation practice.

*This seminar is strictly for in-house counsel only

DELIBERATE ONLINE FALSEHOODS

On 16 January 2018, the Singapore Parliament issued a press release stating that the Select Committee on Deliberate Online Falsehoods - Causes, Consequences and Countermeasures (“Select Committee”) is inviting the general public to submit written representations on any matter falling within its Terms of Reference. 

The Select Committee has been appointed by the Singapore Parliament with the following terms of reference: 

To examine and report on: 

(a)   the phenomenon of using digital technology to deliberately spread falsehoods online;

(b)   the motivations and reasons for the spreading of such falsehoods, and the types of individuals and entities, both local and foreign, which engage in such activity;

(c)   the consequences that the spread of online falsehoods can have on Singapore society, including to our institutions and democratic processes; and

(d)   how Singapore can prevent and combat online falsehoods, including:

(i)    the principles that should guide Singapore's response; and

(ii)   any specific measures, including legislation, that should be taken.

The Select Committee is chaired by Deputy Speaker of Parliament.

Reference materials

The press release is available on the Parliament website www.parliament.gov.sg or by clicking here. 

Facilitating this consultation paper session will be Dr Stanley Lai,SC, A&G, Zakir Hussain, Foreign Editor, The Straits Times and  Mr Gagan Puri, Navigant Consulting will be chairing this event.

PROGRAM 

2.30PM - REGISTRATION

3.00PM - INTRODUCTION BY GAGAN PURI, MANAGING DIRECTOR, NAVIGANT

3:10PM - PRESENTATION ON ONLINE FAKE NEWS BY DR STANLEY LAI, PARTNER, ALLEN & GLEDHILL

3.55PM - PRESENTATION BY ZAKIR HUSSAIN, FOREIGN EDITOR , THE STRAITS TIMES

4.10PM - OPEN HOUSE & PANEL DISCUSSION

5:00PM - NETWORKING AND COFFEE

5:30PM - END OF SESSION 

FEB FIRST THURSDAY - CAVA O'CLOCK

ALL ARE INVITED!

*MEMBERS AND GUEST FEES ARE FOR IN-HOUSE LAWYERS ONLY*

For our second First Thursday in 2018, we are taking a break from visiting legal teams and going back to our traditional roots of meeting randomly in different bars in Singapore.

Join us at Bar-Celona, Singapore's home of sugar-free Spanish champagne, on 1 February 2018 from 6.30pm onwards.

Bar-Celona is located at 21 Duxton Hill, Singapore 089604. Champagne bottles start from S$28++ and more information about the menu is found here: https://bar.celona.sg/menu

We look forward to seeing your teams and you. Come, get bubbly with us!

CASH BAR BASIS