SingaporeThe Covid-19 (Temporary Measures) (Alternative Arrangements for Meetings)(Bankruptcy) Order (“Bankruptcy Order”) was gazetted as well, prescribingalternative arrangements for conducting meetings in respect of bankruptcy matters.The Orders grant broad flexibility to convenors to either hold meetings virtually, or todeter holding meetings until 30 September 2020. However, the Orders do not applyto all meetings. For example, the Insolvency Order does not apply to, inter alia, anymeeting held pursuant to an order or a direction of the High Court under section 210(1)of the Singapore Companies Act – meetings of creditors and members in relation tothe proposal of a compromise or arrangement.•On 22 June 2020, following Singapore’s move into phase two of its reopening on 19June 2020, ACRA has updated its regulatory announcement to clarify that issuersthat are permitted to operate will no longer need to submit a notification to theMinistry of Trade and Industry for a lime-limited exemption to have temporaryoperations in the same physical location for the purpose of holding a generalmeeting.•The Singapore Stock Exchange is also providing a grant of SGD5,000 per issuerthat can only be used for the purpose of implementing Covid-19 measures forAGMs. This ‘AGM Facilitation Grant’ will cover all AGM-related expenses incurredbetween 16 March 2020 and 15 March 2021, such as augmenting physical AGMswith video conferencing, additional logistics such as on-site temperature taking orpre-AGM shareholder communication, amongst others.Government measures in key jurisdictions119
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