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The Health Sciences Authority (HSA) will be implementing the regulation of medical devices in phases from 1 Nov 2007. Medical devices are the first category of health products to be regulated under the Health Products Act.

The Ministry of Finance (MOF) has accepted most of the suggestions on the Income Tax (Amendment) Bill 2007 that were received during the public consultation exercise held from 15 June to 14 July 2007. A total of 29 comments were received, most of the feedback being from professional bodies and companies. All the suggestions received were constructive and were each considered carefully by MOF. Of these, 21 suggestions were accepted and have been incorporated into the final draft Bill.

The Singapore Legal Service Commission (LSC) has been losing its legal officers to the private sector because of pay differences of up to 30 per cent more. To stem this flow, the Legal Service Commission conducted a remuneration review in April 2007 and which was completed recently.

In what the Court of Appeal labelled 'a costly frolic', relief must clearly be in the mind of Mr Jonathan Lock. The Court of Appeal ruled that the settlement of his case at the Subordinate Court's Primary Dispute Resolution Centre (PDRC) is an order of a court.

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.

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