Finnish Business Council Singapore Weekly News Flash April 3, 2020

FBC Blog
FBC new board was elected on March 18, 2020.

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COVID-19 news
The Ministry of Law (“MinLaw”) intends to introduce the COVID-19 (Temporary Measures) Bill in Parliament next week. The Bill seeks to offer temporary relief to businesses and individuals who are unable to fulfill their contractual obligations because of COVID-19. (1) Temporary relief for failure to perform contractual obligations because of COVID-19 (2) Revised limits for bankruptcy and insolvency (3) Temporary measures for conduct of AGMs, meetings for companies (4) Temporary measures for court proceedings More information from MinLaw and comments from MAS.

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