Published: 13 Jan 2025

This update examines the recent High Court decision of Changi Airport Group (Singapore) Pte Ltd v Comptroller of Income Tax [2024] SGHC 281 which ruled that certain airport assets were structures and not plant and therefore not eligible for capital allowances under section 19A of the Income Tax Act 1967 (the Act) – affirming the decision of the Income Tax Board of Review.

This update reviews and sets out the key takeaways from the High Court decision of TrueCoin LLC v Techteryx, Ltd [2024] SGHC 296 where the court affirmed that the grant of an anti-suit injunction in favour of arbitration does not undermine comity and the risk of forum fragmentation should not be overstated especially in the context of arbitration agreements.

MAS Response Date: 13 January 2025

Effective: 13 January 2025

Legal Profession — Disciplinary proceedings

Companies — Schemes of arrangement

Arbitration — Enforcement