The Law Commission has published its leasehold reform report and amongst its recommendations are the following: 1. An improved form of Commonhold ownership. Commonhold was introduced about twenty years ago but never took off. It enables leaseholders to own the freeholds of their flat with the rest of the building owned and jointly managed by […]
In a recent decision, the Superior Court of Quebec addressed the impact of the COVID-19 pandemic on the contractual obligations of parties to a commercial lease. This decision is likely the first of many to address this increasingly pervasive issue for businesses operating in Quebec. The decision In Hengyun International Investment Commerce Inc. v. 9368-7614 Québec Inc.,1 the Court […]
The Office of the Public Guardian has unveiled a new online service for registered Lasting Powers of Attorney, which is designed to help attorneys prove their status to banks, health care providers and other organisations. The idea behind the new service is to enable attorneys to grant access to a third party such as a […]
CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of Maiora Renewables Fund II (“Fund”), a Cayman Islands domiciled private equity fund with a focus on alternative renewable energy projects predominantly in the Asia Pacific region, in particular, solar power plants in Taiwan. The Fund is managed by Singapore-based Maiora Asset Management Pte. […]
CNPLaw LLP (“CNP”) acted as lead counsel and advised Smith Tan Asia Phoenix Fund, a Cayman Islands domiciled investment fund (“Fund”), on various fund terms, including regulatory matters, with respect to its fund documentation. The Fund is managed by Smith Tan Asset Management Pte. Ltd. (“Manager”), a registered fund management company registered with the Monetary […]
CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of Dios AM Hessian Matrix Global Fund SP (“SP”), which will invest primarily in multiple asset classes across the G20 and Asia. The SP is the third segregated portfolio of Dios Asset Management SPC, a Cayman Islands domiciled segregated portfolio company (“Fund”). The Fund […]
CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of RV Capital Opportunities VCC (“Fund”), an open-ended variable capital company “(VCC”) incorporated in Singapore. The Fund is an umbrella fund and has successfully launched its first sub-fund, RV Capital Monks Hill Fund, a multi-asset fund. The Fund is managed by RV Capital Management […]
CNPLaw LLP (“CNP”) acted as lead counsel for the successful launch of Annexe Fund VCC (“Fund”), an open-ended variable capital company incorporated in Singapore. The Fund is an umbrella fund and has successfully launched its first sub-fund, Systematic Alpha, with a multi-asset class investment focus. The Fund is managed by Point Hope Pte. Ltd. (“Manager”), […]
On July 9, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctioned the Xinjiang Public Security Bureau (“XPSB”), together with four government officials of the People’s Republic of China (“PRC”) pursuant to the 2016 Global Magnitsky Human Rights Accountability Act (“GLOMAG”) and Executive Order (“E.O.”) 13818 of December 20, 2017, “Blocking the […]
INTRODUCTION: In December 2019 or thereabout a hitherto unknown virus was discovered in Wuhan China and the world as we knew it has not been the same ever since. The new virus was declared a global pandemic in March 2020 and the world virtually ground to a standstill due to lockdown measures put in place […]
On June 12, the Quebec government introduced bill 164, An Act to modernize legislative provisions as regards the protection of personal information (“the Bill”), first announced nearly a year ago. Once adopted, the Bill will result in significant changes to various laws in order to modernize the regulatory framework for the protection of personal data in Quebec. […]
CNPLaw LLP (“CNP”) advised a leading German group in the marine shipping industry in respect of its strategic joint venture in Singapore with a ship management group based in Europe and operating in Asia. The joint venture was finalised in June 2020 and strengthens the parties’ existing working relationship in Europe with back-to-back arrangements under such joint venture. The CNP team involved […]