The COVID-19 (Temporary Measures) Act 2020 ("Act") was passed on 7 April 2020 and provides, among others, that entities can adopt prescribed alternative arrangements in relation to the conduct of meetings and such meetings held or deferred on or after 27 March 2020 will be deemed to satisfy the relevant requirements under law or their constitutive documents. The COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 ("Order") was issued on 13 April 2020 pursuant to the Act[1]. The Order is deemed to have come into operation retrospectively from 27 March 2020.
[1] On 14 April 2020, the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) (Amendment) Order 2020 was issued and clarifies the manner in which a notice is sent by electronic means by unlisted entities.
If you would like information on this or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Annabelle YIP
Joint Head – Corporate Governance & Compliance
+65 6416 8249
e annabelle.yip@wongpartnership.com
Click here to view Annabelle's CV.
Vivien YUI
Partner – Corporate Governance & Compliance
+65 6416 8009
e vivien.yui@wongpartnership.com
Click here to view Vivien's CV.
Kevin HO
Partner – Corporate Governance & Compliance
+65 6416 2555
e kevin.ho@wongpartnership.com
Click here to view Kevin's CV.