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Singapore will host Asia's largest ever international legal conference from October 14 to 19 - the International Bar Association 2007 Annual Conference. More than 3,300 delegates from over 120 countries are expected to attend with at least 600 delegates from Southeast Asia.

An Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on Income between the Government of the Republic of Singapore and the Government of the State of Qatar comes into force on 5 October 2007. The provisions of this Agreement will apply to income derived on or after 1st January 2008.

The Ministry of Law has announced that the Land Titles (Strata) (Amendment) Act, enacted by Parliament on 20 September 2007, will take effect from 4 October 2007.

Singapore and the United Kingdom (UK) have concluded a landmark Open Skies Agreement (OSA) on 2 October 2007, removing all restrictions on air services operated by carriers of both countries.

In May 2007 Slater & Gordon Limited became the first Australian law firm to be listed on the Australian Stock Exchange to finance mergers and acquisitions.

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to exempt card issuers from complying with the maximum credit limit when issuing credit or charge cards to individuals with an annual income of at least $120,000 or net personal assets exceeding $2 million[1]. With the proposed exemption, card issuers may determine the appropriate credit limits for this higher income group in line with their assessment of the credit worthiness of these individuals. This proposal is part of MAS’ ongoing process of updating the credit card rules to ensure that they remain appropriate and relevant.

More domestic exports from Singapore to India will receive tariff concessions targeted to start from 1 November 2007 following the successful review of the India Singapore Comprehensive Economic Cooperation Agreement (CECA).

The Infectious Diseases Act (IDA) is the principal piece of public health legislation that deals with the prevention and control of infectious diseases in Singapore. It is jointly administered by the Ministry of Health (MOH) and the National Environment Agency (NEA). The IDA has undergone several amendments over the years to keep up with the trends of outbreaks and the emergence of new infectious diseases. The IDA was last amended in 2003 in the middle of SARS to incorporate provisions to deal with the outbreak in Singapore.

The Ministry of Trade and Industry (MTI) has released a consultation paper on proposed amendments to the Consumer Protection (Fair Trading) Act (CPFTA) and its subsidiary legislation to enhance the consumer protection framework in Singapore. The amendments arose from the recommendations made by a taskforce[1], jointly led by the Consumers Association of Singapore and MTI, that reviewed the CPFTA.

The Monetary Authority of Singapore (MAS) has issued revised Property Fund Guidelines (REIT Guidelines). The revised Guidelines are intended to improve safeguards for investors and to provide greater clarity and flexibility for commercial transactions. The Guidelines have also been rationalised to reduce compliance costs in a number of areas.

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