News

National University of Singapore’s Faculty of Law partners leading law school from the United States to offer students opportunity to get both a Bachelor’s and Master’s Degree in Law with no additional time added to their normal period of study.

The Malaysian Bar is considering the potential to further liberalise the legal sector where currently foreign players are limited to Labuan, said the International Trade and Industry Minister, Rafidah Aziz during the opening of Zaid Ibrahim & Co's overseas office in Bangkok on 8 March 2007.

Senior Minister of State for Law Associate Professor Ho Peng Kee tabled the Legal Profession (Amendment) Bill in Parliament on 9 March 2007. The main aim of the Bill is to implement the recommendations made by the Review Committee formed to evaluate the Joint Law Venture (JLV) and Formal Law Alliance (FLA) schemes, and the recommendations of the Third Committee of Supply of Lawyers. Both committees were chaired by former Attorney-General Chan Sek Keong. These recommendations were earlier publicised.

In a Statement by the Senior Minister Of State For Information, Communications And The Arts, Dr Balaji Sadasivan on The New Media in Parliament during COS Debate (MICA) on 3 March 2007, he addressed the three-pronged approach MICA will be taking in managing the new media: first, a light-touch regulatory framework, two, industry self-regulation and thirdly, public education.

The Ministry of Manpower (MOM) is proposing several changes to legislation to strengthen workforce practices in Singapore. These energed during the Committee of Supplies Debate (ie Budget Debate) in Parliament on 7 and 8 March 2007 concerning MOM.

The Ministry of Community Development, Youth and Sports (MCYS) is looking into whether to put in place a Mental Capacity Act. The proposed legislation will provide a legal framework to allow a person to voluntarily make advance plans for his own financial and personal welfare should he lose his mental capacity in the future. Under the proposed legislation, an individual can voluntarily make advance plans under a new statutory form of power of attorney to appoint a person (known as a donee) to decide or act on his behalf should he become mentally incapacitated.

The Building and Construction Authority invites comments on the proposed Building Control (Amendment) Bill 2007 which addresses amendments to the Building Control Act arising from recommendations of the Report of the Joint MND-MOM Review Committee on Construction Safety (which was published in May 2005).

The Competition Commission of Singapore (“CCS”) has today (5 March 2007) released its final notice of decision on the Qantas-Orangestar Cooperation Agreement (“Agreement”), following a two-week public consultation which commenced on 13 February 2007. During the public consultation, the CCS received a submission from a member of the public.

Time Magazine's Person Of The Year for 2006 is out. It is You!. By surfing the World Wide Web and leaving our footprints in cyberspace, we are all "Time's Person of the Year 2006".

Minister of State for Finance Lim Hwee Hua announced in Parliament on Friday, 2 March 2007, that non-public sector entities - including companies, charities, societies and cooperatives - will soon have to comply with accounting standards issued by a new Accounting Standards Board (ASB).

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