The entry into force of the new Workplace Safety and Health Act marks a move away from prescriptive standards, applicable to all industries and supported by subsidiary legislation, towards a culture of self-regulation in which responsibility is shared between industry stakeholders and confirmed in codes of practice.
A recent situation involving a judicial manager and the fate of the employees of a company under judicial management has come to light. The issue was whether to adopt the existing contracts of employment or to terminate them and execute fresh contracts. The judicial manager’s liability was also discussed.
Including: Background; Contract of Employment; Statutory Law; Termination of Employment; Transfer of Employment; Personal Income Tax; Fund Contributions
A recent Court of Appeal decision is significant because it defines and restricts an employer's liability for wrongful dismissal, in a time when share-option schemes, bonuses and other non-traditional forms of remuneration are fast becoming the norm.
The Ministry of Finance and the Inland Revenue Authority have announced that employees in Singapore can now enjoy a 50% income tax exemption on gains from exercising their stock options. However, employees will be able to enjoy the tax concession only if the company, the employee and the scheme itself satisfy certain eligibility requirements.
A recent case discusses the jurisdictional requirements of the Industrial Arbitration Court. A broad legislative definition of 'trade dispute' does not protect the employee from first having to satisfy the jurisdictional requirements.
A recent case concerning the legality of severance payments to directors in the absence of shareholder approval illustrates Singapore legal principles that differ from other common law nations. Unapproved payments may still be legal if the director provides some form of consideration is in exchange.