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The Court Jester Legal Advice Column
by Mr Ee Dee Yot, LL.Hons, TC(u), Q.Bs*

With 4 months experience as a court transcriber, Mr Ee quit his job at the High Court to become legal advisor at our Court Jester offices. His words unprecedented as far as legal advice goes, he has helped numerous people with their legal problems, most of whom were claiming against the clients he was helping. Listen to what he has to say to you by emailing your questions to us.

Mr Lee announced that Singapore's economy grew by 9.4 percent in the first half of 2006. For the full year, MTI has raised our growth forecast to between 6.5 and 7.5 percent. The Prime Minister also calls on Singaporeans to uphold the spirit of self reliance, openness to change and the determination to succeed as the nation builds a brighter future for all.

Currently, financial institutions granting unsecured credit facilities or issuing unsecured credit cards to individuals are required by MAS to abide by a set of unsecured credit rules [1]. These rules were put in place to implement the Government's social policy of discouraging individuals from spending beyond their means by curbing the easy access to credit through financial institutions.

To better protect and preserve Singapore’s built heritage, the Preservation of Monuments Board (PMB) is proposing major amendments to the Preservation of Monuments Act – the first time since the Act was enacted in 1971. The amendments will enable the Board to deal more effectively with errant building owners and also allow it to institute stricter measures in the protection of Singapore’s 55 national monuments.

On 3 Jan 2005, MAS released for public consultation, a first draft of a revised MAS Notice to Banks No. 626 on Prevention of Money Laundering and Countering the Financing of Terrorism (AML/CFT). Since then, there have been substantial developments on the international front in the area of AML/CFT. The Financial Action Task Force (FATF) has begun its third round of mutual evaluation of FATF member countries. Taking into account the comments received during the Jan 2005 consultation and developments in the implementation of the FATF standards, MAS has been working on further refinements to the AML/CFT regime for the Singapore financial sector.

The Ministry Of Information, Communications And The Arts (MICA) on 3 August 2006 issued a press release concerning the application of regulations under the Newspaper and Printing Presses Act to Far Eastern Economic Review, International Herald Tribune, Financial Times, Newsweek and TIME.

The Ministry of Finance is conducting a public consultation exercise to seek public comments on the draft Limited Partnerships (LPs) Bill 2006, as well as the proposed related amendments to the Business Registration Act, the Goods and Services Tax Act and the Income Tax Act.

The President of the Republic of Singapore has appointed a new Specialist Judge, Professor Tan Cheng Han S.C. to the Subordinate Courts’ Bench.

The Infocomm Development Authority of Singapore (IDA) will enhance the Number Portability regime here so that consumers can benefit from greater choice and flexibility in mobile and fixed line services.

The Monetary Authority of Singapore (MAS) has released a consultation paper proposing several changes to the Banking Act. The changes are part of an on-going review of the banking regulatory and legislative framework.

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