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+---
+title: SG Law Cookies (16 September 2024)
+date: 2024-09-16 00:00:00 +0800
+description: SG Law Cookies, an algorithmically produced digest of legal news in Singapore, for 16 September 2024
+summary: |
+  In courts and codes, the gavel falls,    
+  Bankruptcy's shadow, deepfake's calls.    
+  Cryptocurrency's murky tide,    
+  Environmental crimes we can't abide.    
+  E-commerce woes, a vendor's plight,    
+  In legal realms, we seek the light.
+---
+
+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 and codes, the gavel falls,    
+Bankruptcy's shadow, deepfake's calls.    
+Cryptocurrency's murky tide,    
+Environmental crimes we can't abide.    
+E-commerce woes, a vendor's plight,    
+In legal realms, we seek the light.
+
+## Here are some news articles from the Singapore Law Watch.
+
+
+In a recent High Court ruling, entrepreneur Ms. Yap Shiaw Wei's appeal to halt bankruptcy proceedings over $34 million in debts was denied. The court found her proposal to repay creditors through property sales and leasing revenue to be vague and unviable, describing it as an attempt to delay inevitable bankruptcy. The ruling highlighted the importance of transparency in voluntary repayment arrangements, emphasizing that vague claims do not suffice in court. With rising bankruptcy actions in Singapore, this case reinforces the judicial stance that timely bankruptcy proceedings benefit both creditors and debtors. Ms. Yap's situation serves as a cautionary tale for debtors presenting repayment plans. \[[link](https://www.singaporelawwatch.sg/Headlines/Entrepreneur-fails-to-stop-bankruptcy-action-over-34m-business-debt)\]
+
+The article discusses the police investigation into seven individuals in Singapore suspected of buying and selling accounts related to Worldcoin, a biometric cryptocurrency project co-founded by Sam Altman. The Monetary Authority of Singapore clarified that while Worldcoin itself is not a payment service, trading these accounts may constitute an offense under the Payment Services Act. Additionally, the Personal Data Protection Commission is monitoring Worldcoin's compliance with the Personal Data Protection Act, highlighting the risks of biometric data misuse. The case underscores significant privacy implications and the importance of data protection in emerging tech. 
+
+In summary, legal professionals should be aware of the regulatory scrutiny surrounding biometric data projects and the potential liabilities in trading such accounts. \[[link](https://www.singaporelawwatch.sg/Headlines/7-under-police-probe-for-allegedly-buying-and-selling-Worldcoin-accounts)\]
+
+Singapore has enacted new anti-money laundering laws aimed at tackling profits from serious foreign environmental crimes, including illegal logging and mining. The law expands investigation powers, enabling authorities to trace illicit gains regardless of their classification under local laws, reflecting a commitment to international standards set by the Financial Action Task Force (FATF). This legislative shift not only enhances cooperation with foreign jurisdictions but also introduces harsher penalties for wildlife trafficking, potentially deterring organized crime. As environmental crime funds terrorism, disrupting these financial flows could have broader implications for national and global security. The takeaway: Singapore's proactive legal approach targets the financial backbone of environmental crime networks, emphasizing the importance of following the money trail. \[[link](https://www.singaporelawwatch.sg/Headlines/New-anti-money-laundering-laws-in-Singapore-target-kingpins-profits-from-environmental-crime)\]
+
+The article discusses rising concerns in Singapore regarding the proliferation of deepfake pornography, particularly as accessible deepfake-on-demand services emerge online. Legal implications are significant, given the potential for privacy violations, emotional distress, and threats of blackmail, as evidenced by recent cases. Social workers warn that the situation mirrors crises in other countries, such as South Korea, where deepfakes are used for harassment. Calls for legislative action are increasing, emphasizing the need for stronger regulations to protect victims and hold platforms accountable. The establishment of a new Centre for Advanced Technologies signals a commitment to addressing these issues. 
+
+In conclusion, as deepfake technology evolves, the legal landscape must adapt to better protect individuals from online exploitation and harassment. \[[link](https://www.singaporelawwatch.sg/Headlines/Social-workers-in-Spore-raise-concerns-over-deepfake-porn)\]
+
+The article discusses the ongoing police investigation into Singapore-based e-commerce platform Qoo10 and its logistics subsidiary Qxpress, triggered by vendor complaints about delayed payments and delivery disruptions. Vendors report significant unpaid amounts, with legal action being considered against Qoo10 for breach of contract. The investigation follows similar issues reported in South Korea, raising questions about Qoo10's financial stability. Legal experts note that if delivery failures are proven to be criminal misconduct, this could escalate into criminal charges. The situation highlights concerns over consumer rights and the regulatory response from the Singapore government. 
+
+In conclusion, attorneys should monitor the developments, as this case could set precedents in contractual obligations and consumer protection in e-commerce. \[[link](https://www.singaporelawwatch.sg/Headlines/Qoo10-under-Singapore-police-probe-as-vendors-lodge-reports-over-delayed-payments)\]