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Trade & Procurement
Recent changes
Northrop Grumman Petition to Reopen 2018 Orbital ATK Acquisition Consent Order
The Federal Trade Commission has received a petition from Northrop Grumman requesting the reopening and vacatur of Consent Order C-4652, originally issued in 2018 concerning Northrop Grumman's acquisition of Orbital ATK, Inc. The petition has been published for public comment on regulations.gov under docket FTC-2026-0331. Interested parties may submit comments online or via mail to the FTC Office of the Secretary through the specified deadline.
Info-communications Media Development Authority (Amendment) Bill 9/2026
The Info-communications Media Development Authority (Amendment) Bill 9/2026 was read for the first time in Singapore Parliament on 7 April 2026. The Bill amends the IMDA Act 2016 to enhance market conduct and competition provisions in the media industry, designate essential resource controllers and owners, expand the definition of media resources, and align with the Telecommunications Act 1999. New provisions including section 59 introduce definitions for 30% controllers and independent entities in competition regulation.
Securities and Futures Amendment Bill 2026
The Parliament of Singapore introduced Bill No. 8/2026 to amend the Securities and Futures Act 2001. The Bill creates a new regulatory framework for sponsored depositary receipts (SDRs) by inserting section 239AA, establishing definitions and assigning prospectus and disclosure obligations to underlying securities issuers rather than depositaries. Additionally, the Bill expands section 251 to allow offers of securities and securities-based derivatives contracts to any person, removing prior restrictions to institutional investors and relevant persons.
Central Provident Fund (Amendment) Bill 11/2026
The Central Provident Fund (Amendment) Bill 11/2026 was read for the first time in the Parliament of Singapore on 7 April 2026. The Bill introduces a formal CPF Investment Scheme framework, reorganises Part 3 of the CPF Act 1953 by adding Division 2 heading and new section 25B with detailed definitions, adds new definitions for 'CPF investment scheme' and 'investment' in section 2(1), revises the definition of 'designated shares' to include security interests, and updates existing references in sections 24 and 25.
Cross-Border Railways (Border Control Co-location) Bill
The Parliament of Singapore introduced Bill No. 10/2026 on 7 April 2026 to establish a comprehensive legal framework for cross-border railway operations between Singapore and Malaysia. The bill provides for co-location of Malaysian Customs, Immigration and Quarantine (CIQ) facilities within Singapore, recognition of Malaysian preclearance officers, and incident management protocols across both jurisdictions.
Statutes (Miscellaneous Amendments) Bill 12/2026 - Fee Validation and BCA Functions
The Parliament of Singapore has introduced the Statutes (Miscellaneous Amendments) Bill 12/2026 to make various amendments to Acts under the Ministry of National Development. The Bill expands the Building and Construction Authority's (BCA) functions to include managing programmes for upgrading private residential estates, facilitating mobility and safety fixture installations, and maintaining Government structures on foreshore land. The Bill also contains provisions to validate past collections of fees and charges by certain statutory bodies.
Sillery Pty Ltd v CHA SMG Australia Holding Pty Ltd - Share Assignment and Trust Fund
The Federal Court of Australia issued judgment in Sillery Pty Ltd v CHA SMG Australia Holding Pty Ltd [2026] FCA 396, a commercial dispute involving equitable and legal assignment of shares and non-remittance of funds from a solicitor's trust account. The Court granted the applicant leave to file and amend an originating application seeking to inspect corporate books and records. The applicant's interlocutory application to restrain share transfers was no longer pressed after evidence suggested a transfer of funds perfected the settlement.
Fair Work Ombudsman v New Switch Electrical Pty Ltd - Extension of Time
The Federal Court of Australia granted the Fair Work Ombudsman's application to extend time nunc pro tunc to 20 November 2025 for serving the notice of appeal against New Switch Electrical Pty Ltd and Mark Ladores Tan. The court dismissed an interlocutory application filed 10 February 2026 and reserved costs to the appeal hearing. The respondents did not appear at the hearing.
Yang v Wong - Director-Related Transaction Appeal
The Full Federal Court of Australia dismissed an appeal concerning director-related transactions under section 588FDA(1)(b)(ii) of the Corporations Act 2001. The Court upheld the primary judge's finding that payments from Company A to Company B (where the respondent was a relative of a director of Company A) were not relevantly payments 'to' the respondent, and rejected grounds relating to procedural fairness and pleading requirements.
Black Star Pastry Pty Ltd v Richards (No 2) - Trade Mark Cancellation Appeal
The Federal Court of Australia allowed Black Star Pastry Pty Ltd's appeal, cancelled trade mark registration number 1172976, and dismissed the cross-appeal. The Court found that the respondent Martin Richards was not entitled to register the trade mark in his own name as he lacked ownership rights under section 58 of the Trade Marks Act 1995. Additionally, the Court overturned the finding of deceptive similarity, determining the essential star graphic feature of the registered logo did not appear in the impugned marks.
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