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Reform Plan for Accelerating the Improvement of the Market Player Exit System

In order to remove so-called zombie enterprises and reduce the exit costs, thirteen different authorities, including the National Development and Reform Commission, have recently jointly issued the Reform Plan for Accelerating the Improvement of the Market Player Withdrawal System ("Reform Plan") on June 22, 2019. The Reform Plan is effective from the date of publication.

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THE VARIABLE CAPITAL COMPANY (VCC) IN SINGAPORE

In further effort to augment the Fund Industry in Singapore, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Compan