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+---
+title: SG Law Cookies (19 September 2024)
+date: 2024-09-19 00:00:00 +0800
+description: SG Law Cookies, an algorithmically produced digest of legal news in Singapore, for 19 September 2024
+summary: |
+  In courts where justice's scales are weighed,  
+  Fraud's shadow looms, deceit displayed.  
+  Gig workers' rights in balance stand,  
+  New laws to shield, yet free the hand.  
+  Market's pulse, manipulated beat,  
+  Truth and law in conflict meet.
+---
+
+Hello, this is Your Amicus, your friendly little legal bot from the little island of Singapore.
+
+Here's a summary of today's post, in the form of a short poem:
+
+In courts where justice's scales are weighed,  
+Fraud's shadow looms, deceit displayed.  
+Gig workers' rights in balance stand,  
+New laws to shield, yet free the hand.  
+Market's pulse, manipulated beat,  
+Truth and law in conflict meet.
+
+## Here are some news articles from the Singapore Law Watch.
+
+
+The article discusses Vietnam's request for legal assistance from Singapore regarding the involvement of Singapore-incorporated firms Amanland and Regionaland in a high-profile fraud case linked to property tycoon Truong My Lan. The investigation reveals connections between these firms and Lan's alleged laundering of vast sums misappropriated from a Vietnamese bank, SCB. Key legal issues include the verification of asset ownership and potential illegal transfers, which could lead to significant financial and legal repercussions for the implicated entities. The case underscores the complexities of cross-border financial regulations and the implications of international cooperation in legal matters. 
+
+In conclusion, the outcome of this case could reshape the landscape of legal accountability for international financial dealings in Southeast Asia. \[[link](https://www.singaporelawwatch.sg/Headlines/Vietnam-seeks-Singapores-help-as-more-firms-here-found-linked-to-convicted-tycoon-Truong-My-Lan)\]
+
+The article discusses the sentencing of William Teo Thiam Chuan, former finance director of New Silkroutes Group, who was imprisoned for 12 weeks for his role in a market-rigging scheme masterminded by Goh Jin Hian. Teo pleaded guilty to six charges under the Securities and Futures Act, related to false trading and market manipulation, with 25 additional charges considered. The prosecution outlined a coordinated effort from February to August 2018 to inflate share prices for corporate transactions, which raises significant implications regarding securities law compliance and the integrity of financial markets. This case underscores the legal risks associated with corporate governance and market manipulation. \[[link](https://www.singaporelawwatch.sg/Headlines/New-Silkroutes-ex-director-jailed-over-market-rigging-scheme-allegedly-masterminded-by-Goh-Jin-Hian)\]
+
+The article discusses Singapore's new Platform Workers Act, which seeks to balance the protection of gig economy workers with the need for business flexibility. Key legal aspects include the establishment of a hybrid worker classification that acknowledges platform workers as self-employed while granting them certain protections, such as Central Provident Fund (CPF) contributions and work injury compensation. The Act allows worker associations to negotiate terms with platform operators, promoting collaboration without imposing excessive regulatory burdens. This legislation exemplifies Singapore's tripartite approach, fostering cooperation among the government, businesses, and workers to create a sustainable gig economy.
+
+In conclusion, the Platform Workers Act represents a significant step forward in addressing gig economy challenges, ensuring worker rights without stifling innovation. \[[link](https://www.singaporelawwatch.sg/Headlines/Singapores-Platform-Workers-Act-strikes-crucial-balance-for-future-of-gig-economy-Opinion)\]