Tuesday, 16 June 2026 — SG Law Cookies

Today's Specials

the pineapple tarts — they change what you do on Monday

01○ NEWS

MAS to lift the 5 per cent cap on physical investment precious metals for tax-incentivised funds.

MAS will remove the existing 5 per cent limit on physical investment in precious metals under tax incentive schemes for funds. Further implementation details are expected to be released by September 2026.

Why it mattersFund managers and family offices should review their investment mandates and portfolio allocations in light of increased flexibility for physical gold holdings.

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02○ NEWS

The US administration has issued an export control directive restricting access to advanced AI models for foreign nationals.

The Trump administration has ordered Anthropic to disable access to its Claude Fable 5 and Mythos 5 models for all non-US citizens. The directive cites significant national security and cybersecurity vulnerabilities as the justification for this restriction.

Why it mattersLawyers advising tech firms on cross-border data flows and product distribution must monitor these expanding US export controls for compliance risks.

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03○ NEWS

The EU AI Act establishes a comprehensive regulatory framework with significant financial penalties for non-compliance.

The European Union's AI Act prohibits AI systems that threaten human safety, dignity, or civil liberties, such as intrusive facial recognition or social scoring. Violations can result in fines of up to €35 million or 7% of a company's total global annual turnover.

Why it mattersCompanies operating globally must ensure their AI deployment strategies align with these strict EU prohibitions to avoid massive turnover-based penalties.

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04⬡ JUDGMENT

High Court clarifies that assets liquidated without consent should be notionally added back at the time of liquidation [2026] SGHCF 19

The court addressed how to value assets that have been liquidated or dissipated before the ancillary matters hearing. It held that for such assets, the value should be notionally added back into the matrimonial pool at the time of liquidation rather than using a later valuation date to prevent the recipient from benefiting from subsequent market growth after their disengagement from the asset.

Why it mattersPractitioners should advise clients that liquidating assets without consent may result in a notional add-back at the historical price, potentially losing out on subsequent market appreciation.

JUDICIARY READ JUDGMENT ↗

05⬡ JUDGMENT

High Court holds in Lin Tze Kin v Tan Yen Lin Alice [2026] SGHC 129 that claims regarding FEP Units are not time-barred under the Limitation Act as the defendant was a Class 1 constructive trustee.

The claimants sought an account of their deceased mother's interest in certain property units. The court held that the claims were not barred by the Limitation Act because the defendant acted as a Class 1 constructive trustee who dealt with property in breach of trust, and alternatively, the claim involved fraud/fraudulent breach of trust under s 22(1)(a).

Why it mattersPractitioners should note that claims against Class 1 constructive trustees are not subject to the standard limitation periods applicable to ordinary negligence or contract claims.

JUDICIARY READ JUDGMENT ↗

baked fresh
that morning

★ THE DAILY BAKE ★

Today's Specials

MAS to lift the 5 per cent cap on physical investment precious metals for tax-incentivised funds.

The US administration has issued an export control directive restricting access to advanced AI models for foreign nationals.

The EU AI Act establishes a comprehensive regulatory framework with significant financial penalties for non-compliance.

High Court clarifies that assets liquidated without consent should be notionally added back at the time of liquidation [2026] SGHCF 19

High Court holds in Lin Tze Kin v Tan Yen Lin Alice [2026] SGHC 129 that claims regarding FEP Units are not time-barred under the Limitation Act as the defendant was a Class 1 constructive trustee.

The Rest of the Menu

baked freshthat morning

★ THE DAILY BAKE ★

Today's Specials

MAS to lift the 5 per cent cap on physical investment precious metals for tax-incentivised funds.

The US administration has issued an export control directive restricting access to advanced AI models for foreign nationals.

The EU AI Act establishes a comprehensive regulatory framework with significant financial penalties for non-compliance.

High Court clarifies that assets liquidated without consent should be notionally added back at the time of liquidation [2026] SGHCF 19

High Court holds in Lin Tze Kin v Tan Yen Lin Alice [2026] SGHC 129 that claims regarding FEP Units are not time-barred under the Limitation Act as the defendant was a Class 1 constructive trustee.

The Rest of the Menu

baked fresh
that morning