Understanding Drag-Along Rights in Singapore Shareholder Agreements

Drag-along rights are one of the most commercially significant — and potentially contentious — provisions in any Singapore shareholders' agreement. For majority shareholders and investors, they are an essential tool for facilitating a clean exit from a company. For minority shareholders, they represent a right that can compel them to sell their shares on terms [...]

Treasury Shares in Singapore: What Directors Need to Know

Treasury shares are a feature of Singapore company law that many directors are aware of in principle but few fully understand in practice. The ability for a company to hold its own repurchased shares "in treasury" — rather than cancelling them immediately — has been available to Singapore companies since amendments to the Companies Act [...]

Named Auditors Under CALA 2025: What Singapore Companies and Their Boards Need to Know

From 6 May 2026, every audit report issued in respect of an audited Singapore company must now bear the name of the individual public accountant who personally led the engagement. This change, introduced by the Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025), represents a significant shift in audit transparency — and it has [...]

The New Double-Hurdle for Selective Share Buy-Backs Under CALA 2025

When the Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) commenced on 6 May 2026, it brought a raft of changes affecting Singapore company law. Among the most practically significant — and least widely discussed — is the new double-hurdle approval requirement for selective share buy-backs. For directors, company secretaries, and shareholders of Singapore [...]

SSIC 2025 Is Live: Does Your Company’s Business Activity Code Still Reflect What You Do?

On 9 May 2026, Singapore's business classification system underwent its biggest overhaul since 2020. The Accounting and Corporate Regulatory Authority (ACRA) officially migrated all registered entities — companies, limited liability partnerships, sole proprietorships and more — from the Singapore Standard Industrial Classification 2020 (SSIC 2020) to the updated SSIC 2025 framework. The migration was automatic: [...]

Can a Minority Shareholder Apply to Wind Up a Singapore Company? (2026 Guide)

When a minority shareholder in a Singapore company has been shut out of management, had their economic rights undermined, or finds themselves locked into a deadlocked or fundamentally changed company, they face a critical question: can they force the company to be wound up? And if so, on what grounds, and at what cost? The [...]

Understanding Drag-Along Rights in Singapore Shareholder Agreements (2026)

When a majority shareholder agrees to sell their stake to a buyer, there is often a sticking point: the buyer wants 100% of the company, but minority shareholders may be reluctant to sell, are holding out for a higher price, or are simply unresponsive. Drag-along rights are the contractual mechanism that resolves this impasse — [...]

How to Implement an Employee Incentive Scheme for a Singapore Pte Ltd: ESOP, Share Awards and Phantom Equity Explained

Attracting and retaining strong employees in Singapore's competitive labour market often requires more than a salary. Equity-based incentive schemes — whether real shares, options over shares, or cash-linked equivalents — give employees a stake in the company's success and align their interests with those of founders and shareholders over the long term. For private companies [...]

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