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Amendments to the Electronic Transactions Act offer new opportunities for trade and commodities finance and fintechs in Singapore

By Omar Al-Ali, Hagen Rooke, Carolyn Chia, Resource Law LLC, Jemma Collins & Judith Abanto on January 13, 2021
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The Singapore government introduced a bill into parliament to amend the Electronic Transactions Act (ETA) (Cap. 88) (ETA) on January 4, 2021. The amendments set out in the Electronic Transactions (Amendment) Bill will be of relevance to the trade and commodities finance and fintech sectors as their primary object is to achieve recognition and equivalence for transferable documents and instruments, such as bills of lading, bills of exchange and promissory notes, represented in electronic form.

Our recent client alert summarizes the key proposed changes and outlines some of the potential implications for the trade and commodities finance and fintech sectors.

Photo of Hagen Rooke Hagen Rooke
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Photo of Carolyn Chia, Resource Law LLC Carolyn Chia, Resource Law LLC
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Photo of Jemma Collins Jemma Collins
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Photo of Judith Abanto Judith Abanto
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  • Posted in:
    Technology
  • Blog:
    Technology Law Dispatch
  • Organization:
    Reed Smith LLP
  • Article: View Original Source

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