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Amendments to the Australian Privacy Act 1988 (APA) expanded its extraterritorial provisions with effect from 13 December 2022, thereby requiring foreign organisations carrying on business in Australia to comply with the APA.
International Updates
Data Protection & Cybersecurity

Amendments to Australian Privacy Act Expands Extraterritoriality

Date
Dec 19, 2022
Author
OrionW
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Owners of registered geographical indications and registered designs in Singapore are now able to enlist Singapore Customs to assist in preventing the import and export of infringing goods.
Intellectual Property
Regulatory & Compliance

Intellectual Property Border Enforcement Measures Come into Operation in Singapore

Date
Nov 25, 2022
Author
OrionW
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Expanding on its earlier decision in CLM v CLN [2022] SGHC 46, the Singapore High Court granted injunctive relief against unidentified persons and recognised NFTs as property which could be protected by an injunction.
FinTech
TMT

Singapore High Court Recognises NFTs as Property

Date
Nov 10, 2022
Author
OrionW
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The MAS has proposed regulatory measures to protect retail customers from harms related to cryptocurrency speculation and risks from the technology and business practices of digital payment token service providers.
FinTech
Payment Services
Regulatory & Compliance

MAS Consults on Regulatory Measures for DPT Services

Date
Oct 31, 2022
Author
OrionW
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MAS proposes a regulatory approach for single-currency pegged stablecoins under the Payment Services Act that involves a new stablecoin issuance service.
FinTech
Payment Services
Regulatory & Compliance

MAS Proposes an Approach to Regulating Stablecoins and Related Activities

Date
Oct 28, 2022
Author
OrionW
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A Buy Now, Pay Later Code of Conduct (BNPL Code) has been adopted in Singapore to protect consumers and address the financial regulator’s recommendation for industry self-regulation.
FinTech
Payment Services
Regulatory & Compliance

Buy Now, Pay Later Code of Conduct Adopted in Singapore

Date
Oct 24, 2022
Author
OrionW
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MAS proposes to increase the current caps on the daily balances and annual outflows of money in e-wallets under the Payment Services Act, and to exempt issuers of ‘white label’ e-wallets from the aggregation requirement.
Payment Services
Regulatory & Compliance
FinTech

MAS Consults on Restrictions on Personal Payment Accounts That Contain E-money

Date
Oct 24, 2022
Author
OrionW
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The Ethereum “Merge” occurred on 15 September 2022, completing the blockchain network’s transition from a proof-of-work to a proof-of-stake consensus mechanism. The Merge resulted in an immediate 99.95% reduction in power consumption.
FinTech
Technology
TMT

The Ethereum Merge and What It Means

Date
Sep 20, 2022
Author
OrionW
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In a landmark decision, the Singapore Court of Appeal clarified whether emotional distress and loss of control of personal data constitute actionable losses that would support a private action under section 32 (now section 48O) of the PDPA.
Data Protection & Cybersecurity
Regulatory & Compliance

Landmark Case on Loss as Grounds for PDPA Private Action

Date
Sep 15, 2022
Author
OrionW
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Level 37, 16 Collyer Quay
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OrionW is a boutique law firm specialising in Singapore and cross-border corporate, commercial and regulatory matters, with a focus on technology, media and telecommunications (TMT) and financial technology (FinTech). We are dedicated to providing excellent legal service to clients at the leading edge of their markets.
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OrionW LLC (UEN 201505714C) is a Singapore law practice incorporated with limited liability.