Risk and crisis management in the Covid-19 era : a complete guide by Rosemont (RBA)

RISK AND CRISIS MANAGEMENT IN THE COVID-19 ERA Companies are facing unprecedented times as the measures being deployed to slow the spread of the novel coronavirus (“COVID-19”) are impacting capital markets, supply chains, and business operations. The uncertainties of the current environment serve as a powerful reminder to the Management of the demand for risk management and crisis planning.   WHAT TO DO WHEN

Tightening measures to Singapore’s immigration rule – Dependant’s Pass holders must apply for work passes from 1 May 2021

The Ministry of Manpower announced that from 1 May 2021, Dependant’s Pass (“DP”) holders who wish to work in Singapore will have to apply for a relevant work pass, instead of being able to seek employment via a Letter of Consent (“LOC”). With Singapore known as a business-friendly country, with laws and tax system which attract foreigners to live and work here, these individuals

Singapore Employment Act explained in details (2021)

The Employment Act of 1968 is Singapore’s primary labour legislation which governs the relationship between the employer and the employees in an organization. The main purpose of the Act is to maintain good employment standards and safeguard working conditions for employees. Employment related regulations are an important area of legal requirements that Singapore companies must follow. All businesses, in their capacity as an employer,

Foreign ownership of a company in Thailand: is a Thai partner mandatory to start a business in Thailand?

The Thai Civil and Commercial Code does not make any distinction between Thai and foreign shareholders. As a result, foreigners can freely register a company in Thailand without any Thai partner. However, there are some restrictions on the business activities that can be carried out in Thailand by foreigners under the Foreign Business Act B.E. 2542 (1999) (FBA). This is notably the case for

The tax treatment of ex-gratia payments to a Singapore employee upon termination of employment contract

The tax clearance obligation for employees In the event of a termination of an employment contract with a non-Singapore Citizen employee, the employer must proceed to a tax clearance by filling the Form IR21 one month before: The employee ceases to work for you in Singapore; The employee starts an overseas posting; or The employee leaves Singapore for any period exceeding three months. In