Jan 28 2019 - OrionW
Singapore's Variable Capital Companies Act became law in October 2018. A variable capital company consists of one or more collective investment schemes. The Act is intended to provide fund managers with an entity type that will be an attractive alternative to the current choices of unit trusts, limited partnerships and traditional companies. The Act will become effective on a future date yet to be specified.
The Monetary Authority of Singapore published an updated version of A Guide to Digital Token Offerings. The Guide provides general guidance on the application of the securities laws to offers or issues of digital tokens in Singapore, discusses the potential application of the new Payment Services Act to certain digital tokens and related activities and offers a significantly expanded discussion of anti-money laundering requirements as they apply to digital token offerings.
OrionW, a Singapore-based boutique law firm, has been ranked as one of the leading firms in The Legal 500 Asia Pacific 2019 Edition in the Technology, Media and Telecommunications (TMT) category. The firm received similar recognition from The Legal 500 in the 2017 and 2018 Editions.