Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Singapore Focus: Transport Sector (Critical Firms) Act 2024
Global | Publication | December 2024
In May 2024, Singapore introduced the Transport Sector (Critical Firms) Bill (“Bill”), which aims to “enhance resilience of essential transport services in Singapore”, including those by sea, to protect against the risk of external parties exerting undue influence over such services. The Bill amends the Maritime and Port Authority of Singapore Act and the essential maritime services are considered to be “port and marine services and facilities, as well as services which support the provision of sea transport”. The Bill will introduce legislative controls on: (i) ownership of key transport service entities, (ii) management appointments and (iii) operations and resourcing. If you would like to find out more about the Bill, please contact us.
Recent publications
Publication
Singapore Court of Appeal rules on moratorium carve-outs and the interactions between arbitration and insolvency regimes
In Sapura Fabrication Sdn Bhd and others v GAS and anor appeal [2025] SGCA 13, the Singapore Court of Appeal made important findings
Publication
Do your tech and outsourcing contracts address cyber incidents?
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
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