In an evolving world where perspectives constantly shift, the fundamental purpose of the law in upholding justice does not change. The uniform windows on the book front represent the stability of our legal system, and the dual cover creates a sense of dynamism refl ective of the law’s interaction with a vibrant social environment. “We cannot rest on our laurels. To paraphrase from the great American legal scholar, Roscoe Pound, though the law must be stable, it cannot stand still. We must forge ahead…”

Chief Justice Sundaresh Menon Remembering Mr Lee Kuan Yew

Mr Lee Kuan Yew Founding Prime Minister of Singapore Founder and Honorary Fellow for Life of the Singapore Academy of Law

2 with integrit themselves to conduct able be would oflaw generations future communit colle of a importance the recognised Minister Prime the then was who Lee Mr because 1988 in formed was Academ Singapore The s legal our S of development the in interested deepl to be continued Lee Mr of Sin wh le from retired Lee Mr a Mr L Lee later lawyer, apractising was Lee Mr years 10 For his wife 7 Au on Bar Sin to the called was Lee Mr (“t o o T 199 August 31 th ( Facin nd br f f ingapore’s legal profession and and profession legal ingapore’s h e Singapore Aca e Singapore the Singapore Academy o Academy Singapore the members distinguished most the e h e e Aca n h l ee g ate Mr Lee Kuan Yew Kuan Lee ate one Mr was g g pa iate spirit within the wider le wider the within spirit iate o apore on 5 June 1959. Thereafter, Thereafter, 1959. 5June on apore

e e , fi th Madam Kwa Geok Choo. Choo. Kwa Geok Madam rst with Laycock & Ong and and &Ong withLaycock rst g t stablish & e d oo e y ) y 0 Lee – the latter a latter –the Lee Mr Lee Kuan Yew openin Kuan Lee Mr emy”). r to support and nurture nurture and to support stem. . g y k ust 1951, to 1951, ust and competence. competence. and o d em f fi e

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r “ “ Lee’sIn Mr vision for Singapore, the fi the judiciary, were matters of independent incorrupt and led by Service afree, Legal profession outstanding and an law schools, astrong able and legal system, including fi of the vitality and strength the Cit Academ ofthe opening the da same the 1990, August 31 on ofLaw Academy of the M le advance and law ofthe development the discuss oflawyers, generations younger to mentor together come o senior i strengthened be could o values and services H S P Chief incorporate them within our s our within them incorporate to and ofthese best the from learn well- itis that so world the across from developments legal latest fraternit le the that to ensure endeavour later, the Academ M f ingapore Academy ofLaw Academy ingapore r e believed that the quality o quality the that e believed g r Lee was conferred the Fellowship Fellowship the conferred was r Lee ore than a quarter ofacentur aquarter than ore the wider legal community could could community legal wider the e y al learnin sid Hall. J e l ustice Sundaresh Meno Sundaresh ustice awyers an awyers nt rst importance.” y remains up-to-date with the withthe up-to-date remains g . d y y ot continues in its its in continues that he of he that f h the pro the er mem f the judges, judges, the p y laced to laced at the atthe f y fi f b legal legal ciated n ession stem y g ers

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3 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE OUR VISION Singapore – Th e legal hub of Asia

OUR MISSION Driving legal excellence through thought leadership, world-class infrastructure and solutions.

4 06 04 02 CONTENTS 08 13 12 36 26 16 14

Highlights of the Year Our Year Numbers Our in Year in Review in Year Financial Financial Statements Remembering Mr Lee Kuan Yew Kuan Lee Mr Remembering Th Th Our Vision & Mission Vision &Mission Our Key Executives in SAL Secretariat SAL in Executives Key Th ePresident’s Review e Senate Executive Board Members Board Executive eSenate e SAL Secretariat eSAL academics and foreign lawyers. foreign and academics Of Bar, the Service Legal Bench, of the members comprising members overhas 11,000 Academy The Menon. Sundaresh Justice Chief the Honourable by the isheaded Academy The Notaries Public. and Oaths for Commissioners Counsel, of Senior appointment services, stakeholding such as functions statutory undertakes also Academy the statute, by established abody As technology. of use the and development professional continuing through and ef improving standards the and dispute resolution a centre for as law, Singapore promoting pro international the raising knowledge, legal by profession enhancing legal of the capital intellectual the up building on work focusses Its solutions. legal and infrastructure class world leadership, thought developing through excellence to drive aims legal Academy The of Asia. hub legal the Singapore of vision making the with industry, legal Singapore’s for agency development and isapromotion Academy”) (“the of Law Academy Singapore The LAW OF ACADEMY SINGAPORE ABOUT fi cers, corporate counsel, legal legal counsel, corporate cers, fi ciency of legal practice practice of legal ciency fi le of Singapore

5 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Th e President’s Review

I am pleased to present this review Board that will provide strategic Landmark Conference on the progress of the Singapore direction and guidance to the on Legal Convergence Academy of Law (“the Academy”) SAL Secretariat. In an age of increasing for 2014/15. The Membership and Social transnational trade, a major This was a year of continuing Committee was disbanded and obstacle has been the lack of a momentum for the Academy, replaced by a Corporate Social common, or at least convergent in the course of which we saw Responsibility (“CSR”) Sub- legal framework within Asia. continued growth in the use of our Committee who will establish a Indeed, Asia lags well behind services and value being created formal CSR strategy in support Europe and the United States by our focus on promoting thought of the Yellow Ribbon Fund. in that the conversation on this leadership and our investment in an important issue has not even truly improved LawNet platform. commenced. This is a subject Promoting Thought Leadership I spoke on at some length at The Singapore Mediation Centre The promotion of Singapore as the the Opening of the LAWASIA (“SMC”) also delivered a strong centre of thought and infl uence for Conference in 2013 and I am performance with new mediation legal developments in Asia is core delighted that two years later, cases handled by SMC rising by to our redefi ned mission. We do we are within reach of seeing 30% and adjudication cases this chiefl y through our work in the the fruition of that seed. rising by 50%. Legal Education, Legal Publishing In January 2016, the Academy and Knowledge and the Legal will play host to a landmark Internal Changes Development clusters. international conference titled In 2014, we revitalized our mission Last year, the Academy organised “Doing Business across Asia: to put Singapore on the legal map 28 legal education events - Legal Convergence in an in the region. conferences, seminars and Asian Century”. We hope to workshops - to enhance the skills of In our new role as a promotion and develop this conference into an our lawyers. In particular, the Global development agency, the Academy international series that will serve Technology Law Conference, the will focus on fi ve key clusters of as a key forum, bringing together SAL-Chancery Bar Conference and work: Legal Education, Legal stakeholders from the business the Sentencing Conference stand Publishing and Knowledge, Legal and legal communities, law makers out for their role in helping to raise Development, Legal Technology and judicial institutions to explore skill sets and encourage deeper and Corporate Development pragmatic solutions leading to thought on important legal issues. and Services. the convergence of business Participation at our legal education law in Asia. As the Academy’s operations events grew 26% and increasingly, become more complex, it was we are looking at attendees not Asian Business Law Institute timely for us to review our internal just from the legal fraternity in organisational structure to ensure Singapore but from further afi eld. In conjunction with the Conference, greater synergy and focus. The SAL the Academy will also be launching Executive Committee (“ExCo”) was the Asian Business Law Institute replaced with a smaller Executive (“ABLI”). The ABLI will draw its

6 Reports will no longer be available available be longer no will Reports Law Singapore The publishing. online towards strides major taking is Publishing Academy LawNet, new ofthe launch the Alongside Going Online and Titles –New Publishing want. they what pay for and to choose users allowing model, pricing LawNet Premium has a has Premium LawNet pipeline. the in content with more Courts, State the from information sentencing and titles Publishing to Academy access online offers that service Premium LawNet new a also is There capabilities. and content in rich platform online apowerful LawNet3, launched year, this we June In research. legal for engine search a simple as ago years 25 started LawNet oftechnology. use the in pioneer a been long has Academy The LawNet3 New Asian business law. of convergence the promote and development legal Asian the in guidance provide law, business ofAsian area the in publish region, the for possibilities law commercial transnational into research facilitate and undertake will It Institute. Law European established recently more the and Institute Law American the from inspiration

fl fi exible exible eld of eld he of which day on the being that 1990, August 31 on ofLaw Academy ofthe Fellowship the conferred was Lee Mr us, for done has he fi a on off itstarted that ensured itand in interest apersonal took ofLaw, Academy Singapore the conceptualised He Academy. our of member distinguished most the unquestionably was Lee Mr late The indebted. immensely all we are to whom visionary great the and Minister Prime founding Yew, Kuan Lee Mr late of the our passing the mourning in nation the joined Academy the when year the as remembered be also will 2015 Academy the of Member Distinguished Most The - Lee Mr late the Remembering Series. Monograph and Series Practice Law the in expected titles withnew continue will format publishing print traditional The to articles. access timely more to readers give move online also will Journal ofLaw Academy fi volumes bound in available be still will these copies, print prefer who those For LawNet. on online currency have will greater cases reported as prints, fortnightly in of the Academy at City Hall. atCity Academy of the ve times a year. The Singapore ayear. Singapore ve The times rm footing. In recognition of all ofall recognition In footing. rm fi ciated at the of atthe ciated Singapore Academy ofLaw Academy Singapore President Th e Honourable the Chief Justice Sundaresh Menon e Honourable Justice Sundaresh Chief the fi cial opening cial opening your continuing support. to forward year. Ilook past the in achievements the possible made have which contributions their for staff and members our to thank Iwish Academy, ofthe behalf On goals. our to achieve position agood in be will Academy the con Iam priorities, focal our against progress meaningful making and well, strategy our executing By work. committee our of level every in participate they as views and experiences their on to tap We able are industries. other into various have gone who members and counsel house of legal government practitioners, Judiciary, the of members comprises that base to have amembership We fortunate are from. to build foundation We have astrong Foundation Strong Our on Build to Continuing journey. our in stage next the on we embark as Academy the guide to continue will Lee, bydown Mr laid aspirations, These elsewhere. and region the in profession the of standing the to promote and legal profession in Singapore, ofthe members the among learning and ofconduct standards high maintain and to promote established was Academy The fi cers, in- cers, fi dent that

7 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Th e Senate Executive Board Members

Top row second from left

The Singapore Academy of Law is led by a Senate headed by Chief Justice Sundaresh Menon Chief Justice Sundaresh Menon, and comprising the Attorney- President General, the Supreme Court Bench and key leaders of the various branches of the legal profession.

The work of the Academy is largely driven by a twelve-member Executive Board which focuses on fi ve key areas: Legal Education, Legal Publishing and Knowledge, Legal Development, Legal Technology and Corporate Development and Services.

8 Vice-President Professor Yeo Tiong SC Min, Sub-Committee Responsibility Social Corporate Chairman, Vice-President Mr Th Reporting ofLaw Council Chairman, Cluster Knowledge and Publishing Legal Chairman, Vice-President Justice Phang Andrew Boon JA Leong, Cluster Services and Development Corporate Chairman, Vice-President Justice Chao Hick Tin, JA Vice-President Attorney-General SC VKRajah, Mr Top row left to right (Remaining members) (Remaining Top toright left row io Shen Yi, SC (honoris causa) Chairperson, Legal Education Cluster Education Legal Chairperson, Suet Fern Lee Mrs Judicial Commissioner Kee See Oon Deputy Attorney-General Tan Mr Siong Th Audit Committee Cluster Development Legal Chairman, Justice Quentin Loh Committee Litigation Electronic Chairman, Cluster Technology Legal Chairman, Justice Seiu Lee Kin Centre Mediation ofSingapore Board Chairperson, Justice Saw Ang Belinda Ean Bottom row left toright left row Bottom ye, ye, SC

9 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Th e Senate

Top row left to right

Professor Simon Chesterman Justice Tay Yong Kwang Vice-President Justice Chan Seng Onn* Senior Judge Chan Sek Keong* Chairman, LawNet Management Committee Senior Judge Kan Ting Chiu* Justice Steven Chong Senior Judge Andrew Ang* Justice Vinodh Coomaraswamy Chairman, Promotion of Singapore Law Committee Senior Judge Tan Lee Meng* Judicial Commissioner George Wei Senior Judge Lai Siu Chiu* Chairman, Legal Heritage Committee Justice Judith Prakash Judicial Commissioner Edmund Leow Chairperson, Publications Committee Chairperson, Law Reform Committee Judicial Commissioner Valerie Th ean Justice Choo Han Teck Judicial Commissioner Hoo Sheau Peng Justice Woo Bih Li Chairman, SAL Staff Committee B

10 Chairman, Board of Commissioners for Oaths and Notaries Public Notaries and Oaths for ofCommissioners Board Chairman, Toon, Chin Giam Mr SC Second Solicitor-General Kwek Mr Luck Mean Solicitor-General Lionel Mr Yee, SC Judicial Commissioner Foo Tuat Yien Judicial Ramesh Commissioner Kannan Judicial Commissioner Foo Chee Hock Judicial Commissioner Chua Ming Lee Judicial Commissioner Aedit Abdullah Judicial Commissioner Debbie Ong Siew Ling Bottom row left toright left row Bottom Mrs Owi Beng Ki Owi Mrs Associate Professor David Tan Mr Kelvin Wong Professor Tang Wu Hang GregoryMr Vijayendran Mr Lucien Wong SC Jeyaretnam, Philip Mr * * * *Not in picture. *

*

11 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Key Executives in SAL Secretariat

Left to right

Ms Serene Wee Mr Loong Seng Onn Ms Tay Bee Lian Chief Executive Executive Director, Senior Director, Singapore Mediation Centre Legal Technology Mr Paul Neo (Up to June 2015) Chief Operating Offi cer Mr Bala Shunmugam Senior Director, Mr Sriram Chakravarthi Legal Publishing & Knowledge Senior Director, Legal Development and Chief Legal Counsel 12 Development Legal Law Reform Watch Law Singapore Awards Professional Aff Singapore Law/ of Promotion Offi Executive’s Chief Board Executive Senate SAL ce airs/ Technology Legal Centre Mediation Singapore Management Project LawNet &Planning Strategy Legal Technology Th Secretariat e SAL Notaries Public for Oaths and Commissioners Board of & Knowledge Publishing Legal Legal Heritage Operations Editorial Reporting Law Legal Publications & Development Acquisition Content Committee Audit Seminars/ e-Lex Seminars/ SAL Conferences/ & Training Legal Education Education Legal Systems Information Management & Administration Resource Human &Treasury Finance Services, Statutory Communications & Development Business & Services Development Corporate 13 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Our Year in Numbers

45,804 authentication certifi cates issued

234 10 cases reported in Singapore Law Reports books and journals published

14 560,000 page views on Singapore Law Watch Law views Singapore on page More than Centre Mediation by Singapore handled cases mediation in increase 30% & seminars conferences atSAL participants 6,000 19.5 19.5

money held in Stakeholding and Conveyancing million $605.1 of oral history recorded hours Centre Mediation by Singapore administered cases adjudication in increase 50% 15 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Highlights of the Year

16 delivering the keynote address keynote the delivering Commission Trading Futures Commodity U.S. the of Chairman Massad, Timothy Honourable The personalities from Singapore and overseas as speakers and panellists at these events. atthese panellists and speakers as overseas and Singapore from personalities legal to have eminent we privileged were and held were conferences high-level Several Th business leaders and legal practitioners. legal and leaders business regulators, makers, policy including by 470 participants, attended was conference the The A GLOBAL-ASIA PERSPECTIVE REGULATION: OF MARKETS FINANCIAL FUTURE THE 2015 JANUARY 23 ought ought Leadership fi rst partnership between the Academy and the Monetary Authority of Singapore (“MAS”), (“MAS”), ofSingapore Authority Monetary the and Academy the between partnership rst welcome address welcome the delivering ofSingapore, Authority Monetary Director, Managing Menon, Ravi Mr 17 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Lord Justice Michael Briggs, Court of Appeal of England and Wales speaking at the conference

5 - 6 MARCH 2015 SAL-CHANCERY BAR CONFERENCE: EQUITABLE REMEDIES IN COMMERCIAL LITIGATION

The conference is the second collaboration between the Academy and Chancery Bar of England and Wales.

18 Dr Yeo Boon Lock, Senior Engineering Director, Google Inc., delivering the keynote address on day two day on address keynote the delivering Inc., Google Director, Engineering Senior Lock, YeoDr Boon delivering the keynote address on day one day on address keynote the delivering ofSingapore, Authority Monetary Director, Managing Menon, Ravi Mr industries and countries. and industries multiple across participants 419 attracted space dynamic this in oflaw role the and funds, and ofdata movement the on innovation oftechnological impact the on conference This OF DATA MONEY AND FUTURE THE GLOBAL TECHNOLOGY LAW CONFERENCE: 2015 JUNE -30 29 19 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE The Honourable Chief Justice Mogoeng Mogoeng, Chief Justice of the Republic of South Africa delivering the lecture

21 OCTOBER 2014 ANNUAL LECTURE

The 21st Singapore Academy of Law Annual Lecture on “Twenty years of the South African Constitution – Origins, Aspirations and Delivery” was attended by more than 500 people.

The Right Honourable Lord Dyson (Second from right) The Right Honourable Sir Bernard Rix

2 SEPTEMBER 2014 & 6 MARCH 2015 SAL DISTINGUISHED SPEAKER SERIES

We were honoured to have two distinguished speakers: The Right Honourable Lord Dyson spoke on “The Limits of the Common Law” and The Right Honourable Sir Bernard spoke on “Remoteness of Damage: Principle, Policy or Proportionality?” 20 Why Successful Companies Embrace Mediation” was attended by 250 participants. by 250 attended was Mediation” Embrace Companies Why Successful Imperative: Mediation “The topic the on Lecture Mediation Singapore 3rd The MEDIATIONSINGAPORE LECTURE 26 SEPTEMBER 2014 leaders and mediators. and leaders business 200 than to more outcomes resource-saving and constructive to achieve managed better be could disputes how on experiences event shared inaugural atthis Panellists HOW SHAPE PERSPECTIVES OUTCOMES UNFOLDING CONVERSATIONS: 25 SEPTEMBER 2014 Policy delivering the lecture the delivering Policy Legal and Litigation for President Vice Electric’s General Berenson, Brad Mr 21 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE 21 MARCH 2014, 17 JULY 2014, 6 NOVEMBER 2014 & 7 MAY 2015 L-LEAP SEMINAR SERIES

The L-Leap Series brought together leading thinkers in the legal fraternity to discuss pressing issues relating to the legal profession. The four seminars were well-attended. • “The Future for Law Practices in Singapore and Beyond” • “Women in Law, Managing it All?” • “Starting, Building and Sustaining a Small Law Firm Practice” • “What I Wish I Knew as a Young Associate” 22 boasts of rich content and capabilities and brings greater convenience to users. convenience greater brings and capabilities and content ofrich boasts to eff work need they access and tools the profession legal the provided which Academy atthe Services YouServing Better for users. for • • in Singapore • in Singapore • launched: were titles book new Four TITLES NEW 2014 & MARCHDECEMBER 2015 greater provides platform new The 2015. 1 June on launched was system LawNet3 new The LAWNET 3 JUNE 2015 Core Values of an Eff of an Values Core 2014 Symposium ofLaw Rule &Policy Law Competition Law Family in Issues International fl exibility and improved content content improved and exibility ectively were improved over the past year. The new LawNet system system year. LawNet new The past over the improved were ectively (2nd Edition) (2nd ective Judiciary JUNE 2015 AUGUST 2015 AUGUST more visible and accessible. and visible more services and products our making and enhancing customer convenience by level to greatly anew Academy atthe experience shopping online the to bring aims platform e-commerce consolidated This 2015. June in launched SAL-e shop was online Academy’s The SAL-e Android platforms. and Apple both on available is app The system. legal ofSingapore’s history the about learn can they where building Court Supreme old ofthe walk-through avirtual through user the brings It 2015. August 11 on launched was App Tour Virtual Court Supreme Old The VIRTUAL TOUR APP COURT OLD SUPREME THE 23 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Awards & Recognition

To refl ect the signifi cance of their work and commitment, an elite group of advocates are conferred the title of Senior Counsel. The Academy also has other programmes to acknowledge those who have contributed meaningfully to our work over the past year.

(From left) Ms Mavis Chiong, Mr Tan Chuan Thye, Mr Edwin Tong and Mr Lee Kim Shin (not in picture) were appointed as Senior Counsel

5 JANUARY 2015 APPOINTMENT OF NEW SENIOR COUNSEL

Four new Senior Counsel were appointed in January 2015.

13 AUGUST 2014 SAL APPRECIATION DINNER

Hosted by the President of the Academy, Chief Justice Sundaresh Menon, the dinner honours all who have served on the various committees of the Academy and thanks them for their contributions over the past year. 24 The Yellow Ribbon Fund is SAL’s is Fund bene Yellow Ribbon The One area of focus at the Academy is Corporate Social Responsibility (“CSR”). Responsibility Social Corporate is Academy atthe offocus area One to opportunities. new doors year, opening past over the implemented were changes New Change Yellow Ribbon Fund. ofthe support in programmes implementing in lead the take will committee The SC. Yi, Shen Thio by Mr headed Sub-Committee, CSR the as reconstituted was Committee Affairs Social and Membership former The CSR SUB-COMMITTEE NEW JUNE 2014 Executive Board and the various SAL Committees were regrouped under under regrouped were Committees SAL various the and Board Executive the renamed and reconstituted was Committee Executive The agency. development and apromotion as role new its on to focus reorganised was ofLaw Academy Singapore The REORGANISATION OF ACADEMY THE JUNE 2015 Technology and Corporate Development. Corporate and Technology Legal Development, Legal Education, Legal &Knowledge, Publishing Legal work: fi ciary NOVEMBER 2014 ACADEMY BISTRO OF CLOSURE in November. in ceased Bistro Academy atthe operations focus, new Academy’s withthe line In fi ve clusters of ve clusters 25 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Year in Review

26 17 to 28 November 2014. There were 27 speakers 27speakers were There 2014. November 17to 28 • • seminar. each attended participants 90 Cases 2013. • people. 500 on Lecture Annual ofLaw Academy Singapore 21st the delivered Africa, ofSouth Republic the • on of338 audience to an Law” Common ofthe • • awarded to regulated points. lawyers requiring CPD Continuing Professional were Development hours atotal (“CPD”) and held of 5196.5 through Twenty-eight continuing education. legal events education public and legal were towards of competency the the practice community enhancement for legal standards and Legal Education isakey focusof the Academy’s work The work. of this cluster isgeared EDUCATIONLEGAL from 25 pre-university institutions. pre-university 25 from students 350 to about programme shadowing job- the for mentors provided organisations 68 and Conference JCLP atthe panellists and from conducted was JCLP ofthe run sixth The (“JCLP”). Programme Law College Junior 2015. April in introduced was Professionals” Legal for Valuation of Business Aspects “Practical on programme Anew subscribed. fully were Professionals” Legal for “Finance on runs two The popular. highly to be continued Programme. Executive SAL of average An conducted. were 2013 Cases ofSingapore Review Annual the from updates ofSingapore Review Annual on Seminars than by more attended was lecture The 2014. October 21 on Delivery” and Aspirations Origins, – Constitution African South ofthe “Twenty years of Justice Chief Mogoeng, Mogoeng Justice Lecture. Annual SAL 2015. 6March on participants of364 audience an Principle, Policy or Proportionality?” captivated ofDamage: “Remoteness on lecture Rix’s Bernard Sir Honourable Right The and 2014 2 September Limits “The on spoke Dyson Lord Honourable series. Speaker Distinguished countries. and industries multiple across participants 419 attracted It space. dynamic this in oflaw role the and funds, and ofdata movement the on innovation oftechnological impact the examined 2015 to June 30 29 from held day conference Data”. and ofMoney Future The 2015: Conference Law Technology “Global A series of A series The Honourable Chief Chief Honourable The fi ve featuring seminars The programme programme The The Right Right The This two- and other institutions. institutions. other and universities with Collaboration • – and keynote address; the – – – – –

the conference. attended participants of202 Atotal stage. the share and collaborate practitioners senior and Counsel Queens Counsel, Senior saw Wales and ofEngland Association Bar Chancery the and Academy the between partnership second This 2015. 5 to 6March from held Litigation” in Commercial Remedies Equitable Conference: Bar “SAL-Chancery delivered Trading Commission, Futures Commodity US ofthe Chairman Massad, Timothy Mr practitioners. legal and leaders business regulators, makers, policy including by 470 participants attended was conference The (“MAS”). ofSingapore Authority Monetary the and Academy the between the was 2015 January Perspective” A Global-Asia Regulation: Markets ofFinancial Future “The of308; aparticipation saw sentencing of practices and principles the on conference This Courts. State withthe organised was 2014 Technology” and Tools Trends, 2014: Conference “Sentencing ofSingapore; Commission with Competition partnership in 2014 August to 22 21 from held Refl 2014: Conference Law “Competition Asia; in Law Commercial Border Cross for Centre University’s Management Singapore withthe collaboration in 2014 July Asia” in Laws Securities and ofCorporate Enforcement “Comparative small bene the for primarily Procedure” “Civil on focused ofseminars A series ecting on the Past and Looking Ahead” Ahead” Looking and Past the on ecting fi rms; with the State Courts. These were were These Courts. State with the held from 9 to 10 October October 9to 10 from held These include: These fi fi t of practitioners from from t ofpractitioners rst partnership held from 17 to 18 17to 18 from held held on 23 23 on held was was 27 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE • The SAL E-Seminar portal “e-Lex” was launched on 22 August 2014. To draw traffi c to the portal and to encourage viewership, the recordings of 32 legal education seminars and conferences in 2013 and 2014 were made available to members at no charge over the period 22 Aug 2014 to 30 May 2015. To date, there are over 2,200 video views.

• The training unit of the Legal Education cluster was set up in February 2015 and seeks to develop and deliver quality skills-training for legal professionals and para-professionals. The training approach emphasises practical application through critical discussion, collaborative activities, and facilitated refl ection. Legal programmes for non-legal personnel are conducted by legally- trained facilitators with rich domain knowledge. Highlights in the period under review include:

– Securing status as an Approved Training Organisation (“ATO”) for the Business Management (“BM”) framework programmes under the Singapore Workforce Skills Qualifi cations (“WSQ”) system;

– Launching “An Introduction to the Fundamentals of the Personal Data Protection Act (“PDPA”) For Non-Legal Personnel”, a WSQ certifi ed course, and developing a Level 2 PDPA course titled “Practical Analysis of Personal Data Protection Act Policies”;

– Concluding Memoranda of Understanding with the British Council (“BC”) and Cegos Asia Pte Ltd (“Cegos”). BC is an international leader in English-language communication skills. Cegos is an international learning provider with expertise in developing technology-enhanced learning solutions for professionals. The MoUs recognize them as ‘Learning Partners’ of SAL and will enable SAL to explore with them opportunities to adapt and contextualize their existing offerings for delivery to the legal community; and

– Originating ‘ed:VANTAGE’, a quarterly e-newsletter for the Legal Education cluster to actively reach out to the legal community to promote our programmes while delivering added value in the form of raising awareness of the role of continuing education within the legal community. Each issue features curated and bespoke articles, and other resources, from diverse contributors.

28 • • • were published. the • • • in the Singapore Lawin the Singapore Reports. review, under the period reported In cases 234 there were and publications 10 of knowledge the legal promotion and through of thought publishing. leadership Knowledge cluster LegalThe Publishingand PUBLISHINGLEGAL KNOWLEDGE AND available on LawNet in 20 online part instalments. part online 20 in LawNet on available are cases The volumes. four, bound previous the fi in published now is SLR ceased. (“SLR”) Reports Law Singapore chapters. 25 the authored chapter on Law. Muslim contributors Thirty-nine ofa addition withthe 2015 June 26 on published Singapore Cases. of Review Annual ofLaw Academy Singapore internationally.journal Special eff editors. guest as SC Hwang Michael Mr and SC Sun Leng Editor, Chan withMr Consulting the was ofMapesbury Collins Lord the Honourable Right The 2014. November 28 on published was Law Journal ofthe Issue A Special of issues 2015 March and 2014 September Journal. ofLaw Academy Singapore Published in March 2015 for the Continuing Continuing the for 2015 March in Published – – titles: following the included Publishing by work Academy publishing Contract – and 2015; March 30 on Edition) –Published (2nd – – titles new Three

Legal Education & Studies Committee. &Studies Education Legal Development Promoting in ofLaw Rule of the Importance The 2014: Symposium ofLaw Rule and Centre; Mediation Singapore the for respectively 2015 January and 2014 November in Published 2013 Review Adjudication Construction Asian Journal on Mediation Mediation on Journal Asian Published on 30 March 2015. March 30 on Published Eff ofan Values Core Singapore in Policy and Law Competition 2014; December 31 on Published Singapore in Law Family in Issues International Singapore Academy of Law Journal ofLaw Academy Singapore ort was expended to promote this this to promote expended was ort on Confl were published: were The fi The ict of Laws in Arbitration Arbitration in ofLaws ict Singapore Academy of Academy Singapore fteenth volume was was volume fteenth ective Judiciary and the the and in loose parts has has parts loose in ve, instead of instead ve, The The Singapore

– –

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focuses on the acquisition and curation the acquisition focuses on and to incorporate other aspects of our legal history. legal ofour aspects other to incorporate • • year. last period same to the compared as • Unreported • Unreported judgments. year. last period same • will look at developing new updates to the App App to the updates new atdeveloping will look Committee Heritage Legal The platforms. Apple and Android the on ofcharge free download for available is App The Jin. Wee Chong Justice, Chief fi our and Marshall David lawyer criminal oftop voices the hear and photos archival view built, was court the how about to visitor learn the willenable It 2015. August in launched was Court Supreme Old ofthe tour virtual interactive an App History A Legal 34. is 2015 June at30 as interviews ofcompleted number total The 2005. in began project the since to 223 hours recorded of number total the bringing recorded were Oral history. judgments, of179unreported increase an was There LawNet. on published were judgements (and 24 cases) reported, as compared to the to the compared as (and 24 cases) reported, pages of756 increase an was There cases. Court High were 167 and cases ofAppeal Court were reported. Cases A total of 19.5 hours of oral history history oforal hours of19.5 A total Of the 234 cases reported, 67 reported, cases 234 the Of which takes the visitor on on visitor the takes which A total of 890 unreported unreported of890 A total rst Asian Asian rst 29 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE LEGAL TECHNOLOGY

The Legal Technology cluster looks into public-private sector partnerships in the development of strategic legal IT infrastructure. The new LawNet system was launched on 1 June 2015 with more than 80% renewal rate. A new Premium Content service was available from September 2015.

• The LawNet Legal Research subscriber base stood – A HTML 5 compliant front end case fi le was at 769 accounts as at 30 June 2015. As at 31 March launched to enhance user friendliness for the 2015, there were 41 fi rms in Malaysia subscribing to viewing of case fi les on mobile devices; the Legal Workbench. Rexit Software Sdn Bhd was appointed on 1 September 2014 as the sales and – The Family Court module was enhanced to marketing agent for the Legal Workbench align the system to changes arising from the in Malaysia. Family Justice Bill, such as transfers of modules for probate actions from the High Court to • LawNet3 project. Under the guidance of the Family Justice Court; and LawNet3 Steering Committee chaired by Chan Seng Onn J, most of the project stages – The State Courts module was enhanced were completed in time for launch. Change to cater for the simplifi ed process for civil management activities were held to assist account proceedings. administrators and users during the transition. • Work on upcoming enhancements to eLitigation Residual work continues on the project after include: launch, including formal sign-off of functional specifi cations, commissioning, as well as user – Working with IDA and the new SingPass vendor acceptance testing and delivery of outstanding to enable eLitigation front-end users to log in features of the system. Contract renewals were through the new SingPass site from July 2015; signed with existing major content providers, Incorporated Council of Law Reporting and – Partnering MinLaw to facilitate a smooth Eastern Book Company. information exchange between eLitigation and the new Legal Services Regulatory Authority IT • Premium Content. The following content offerings system (“LSRA”); and are being planned for the new Premium Content service: Academy Publishing titles, the Sentencing – Working with the Integrated Criminal Case Information and Research Repository from the Filing and Management System (“ICMS”) State Courts, JustCite from Justis Publishing Project team for interfacing ICMS with Ltd, the Newslink service from Singapore Press eLitigation in respect to Magistrates’ Appeals Holdings, Current Law Journal from Malaysia, and High Court criminal cases by end 2015. materials from Thomson Reuters, and taxation, • Electronic discovery project. The Steering assessments of damages and pleadings data Committee to be headed by Registrar, Supreme from the Supreme Court. Court will commence work to re-start the electronic • The eLitigation system saw several enhancements discovery project after the completion of LawNet3. in the period under review:

– The Practising Certifi cate (“PC”) module was enhanced in a number of areas, including the addition of insurance coverage data from Lockton, a professional indemnity insurer, improvements to the Law Society interface, and the introduction of a new format of accountant’s report for participating large fi rms. These measures contributed to a 40% increase in auto-acceptance of PC renewals compared to last year;

– The Singapore International Commercial Court (“SICC”) module was launched in 2015 to cater for registration of foreign lawyers;

30 • community. legal wider to the relevant willbe • • ofthe standards acentre as Singapore excellence legal for inlearning. inpractice and events programmes and numerous The by the Legal Development cluster raised LEGAL DEVELOPMENTLEGAL The PDPC will proceed with the project on on project withthe willproceed PDPC The – – (“PDPC”) Chapter Development and Practice Professional talks the that to ensure (“SCCA”) Association Counsel Corporate Singapore withthe closely more work willalso law. Chapter The international of topics on lawyers by foreign half-yearly talks or quarterly to organise and Singapore in work bono pro in to lawyers involve foreign plans developing (“FLC”) Chapter Lawyers Foreign year. ofthis quarter last the – – issues; scene-related crime and DNA on to focus – – review: under period the in organised were events following The Professional Aff

Insolvency Practitioners Association of Association Practitioners Insolvency the engage willalso PDPC To the end, this practitioners. ofinsolvency accreditation the Discussions on the accreditation framework. framework. accreditation the on Discussions SMU; and NUS from interns 30 for 2014 July to 30 9July from held was run Programme. Internship Litigation The for planned is series Law Comparative this in seminar Afollow-up 2015. May 26 on held was Law” Contract to Indonesian Introduction Law; Contract Comparative &Codes; Origins Series Seminar Law aComparative from seminar inaugural An and practitioners; 80 than by more attended 2015, March 25 on Committee Practice Family Society’s Law the Practice Directions the and Rules Justice Family on A talk instalment of criminal forensic training in 2016 another to hold plans are there and received well was course The 2015. January to13 16 Course Psychiatry A Forensic fi the for teams to international opened was which competition mooting the in participated Malaysia and Kong Hong Brunei, Australia, Singapore, from Twenty-eight teams 2015. 3to 6January from held was Asia and Singapore in landscape ADR the on discussion Competition Mooting International ECC-SAL The focused on the following activities: following the on focused airs Committee (“PAC”) Events. Events. (“PAC”) Committee airs and a fringe roundtable panel panel roundtable afringe and was held together with together held was titled “Civil Law – History, –History, Law “Civil titled was held from from held was rst time; time; rst focused on on focused Its sixth sixth Its

• • • work effi • Honourable by the withalecture 2015 March 20 from diff an to present 2015 March in Sub-Committee Peers SCCA withthe organised jointly forum The 3rd Biennial Ethics Event Ethics Biennial 3rd The matter. this on further proceed not willtherefore group working The unlawful. not is work non-contentious for fees contingency charging that decided itwas practices, fi law and SCCA Society, Law the as such with key stakeholders discussions Following transactions. corporate in premiums fee ofcontingency issue at the to look group aworking formed and litigation of funding party third on paper consultation its on (“MinLaw”) ofLaw Ministry to the inputs its (“PVC”) Chapter Values Professional – “Being a lawyer in the next 5 years” 5years” next the in alawyer “Being general and advocacy contracts, drafting negotiation/mediation, eff as such skills soft atdeveloping aimed workshops eff for skills practical to teach workshop practice law, the in alegal thriving and surviving on forum a include which lawyers atyoung targeted 2015 in events and workshops training to hold plans (“YMC”) Chapter Young Members’ session. by aQ&A followed Practice”, ofCriminal Ethics “The on Steven Chong Justice Quentin Loh with distinguished practitioners practitioners with distinguished Loh Quentin Justice Honourable by the chaired was panel The landscape. legal fast-evolving the amidst lawyers ofSingapore’s role changing ofthe idea

ective legal practice to law students and three three and to students law practice legal ective attracted over 200 participants. participants. over 200 attracted seminar The State Courts. ofthe Judges District Senior and Bench Court Supreme the from perspectives judicial and insights unique to obtain opportunity the lawyers to was aff aim The 2014. July 30 on held was Bench the assist can lawyers how decision-making judicial on A seminar and consultation; public views their for Singapore before commencing ciency. erent fi elds of legal work. oflegal elds rms withsignifi rms ective communications, was held on on held was cant corporate corporate cant ord ord litigation worked on on worked was a was submitted submitted and and 31 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE • Promotion of Singapore Law (“PSL”). A number • The Singapore Law website saw the average of activities were carried out to promote the use of number of unique visitors increasing by 42% Singapore law as a neutral governing law in cross- compared to last year. The top three frequently border transactions and Singapore as a neutral read articles are those of company law, civil venue for Alternative Dispute Resolution (“ADR”). procedure, and law on negligence. These include: • Singapore Law Watch (“SLW”) continued to be – ADR presentations to fi ve delegations a widely used legal news service. As at end June from China. The PSL China Desk together 2015, there were 12,699 email subscribers and an with representatives from Singapore average of 562,752 page views per month. International Arbitration Centre (“SIAC”), Singapore International Mediation Centre • The Law Reform Committee considered (“SIMC”), Singapore Mediation Centre (“SMC”) the following matters, of which the fi rst two and the Supreme Court hosted a total of papers listed below, were submitted to MinLaw 135 Chinese delegates; for consideration: – Reform of the Inheritance (Family Provision) Act; – Symposium on China-ASEAN Legal Service Cooperation. Held on 17 September – Responsible lending in consumer fi nance; 2014, the event which was held on the side lines – Building and construction law; of 11th China-ASEAN Expo (“CAEXPO”) and 11th China-ASEAN Business and Investment – Review of trustees’ classifi cation and Summit (“CABIS”) in Nanning saw more than apportionment rules to allow total return 50 Chinese fi rms’ participation; investment;

– A three-day Taipei Roadshow was held from – Choice of law and jurisdiction in trusts; 10 to 12 November 2014. During the roadshow, – Privilege against self-incrimination in the PSLC conducted a seminar on “International intellectual property proceedings; Arbitration in Singapore – A Demonstration” – Law relating to part payments and deposits; which was attended by 123 lawyers, corporate counsel and law undergraduates. Committee – Trust arbitration; and members also met with representatives from – Desirability of allowing conditional fee the National Chengchi University, Taipei Bar agreements in relation to legal proceedings. Association and National Taiwan University to discuss possible future collaborations; and • The SAL Innovations and Ideas Scheme (“SALIIS”) Selection Committee received four project – PSL marketing brochure. The PSL Secretariat proposals for funding consideration in the period worked with the Policy Advisory Division at under review. While the Committee recognised MinLaw to update its marketing brochure, the initiative and eff ort that had gone into these which will be distributed at MinLaw’s overseas proposals, its decision was that funding them roadshows. It will also be provided to local law would not fi t well with SALIIS’ aims. No SALIIS fi rms and other Singapore agencies to raise funds were disbursed in FY 2014/2015. awareness of Singapore law and Singapore’s dispute resolution capabilities. • The SAL Post-Qualifi cation Overseas Attachment awardees for 2014 were Mr Lee Ee Yang, • New direction in 2015. The PSL Committee Mr Shaun Leong Li Shiong, Ms Sngeeta Rai, will focus on local promotional eff orts and Mr Kevin Tan Eu Shan and Mr Tham Li Jing. Their activities in 2015. The Committee has accordingly attachments were with Essex Court Chambers and reorganised its work from geographical desks to Fountain Court Chambers. six industry-specifi c sub-committees and will look at how it can encourage greater use of Singapore • Winners of the SAL Prizes for 2013/2014 were law and Singapore dispute resolution in the Mr Tan Jin Yu, the top fi nal-year student at the particular sectors. Faculty of Law, National University of Singapore; Mr Elwin Boo Wee Joo, the top student in a Law • Perception survey in 2015. The Committee Elective for the degree of Master of Business undertook a perception survey in 2015 to assess Administration, Nanyang Technological University; the awareness and acceptance of Singapore and Ms Lena Tan, the top student in the Diploma in law relative to other options. The survey polled Law & Management, Temasek Polytechnic. members of the legal fraternity, both in Singapore and in the region. The survey results, together with reports from the industry-specifi c focus groups, will constitute a substantive report that will be submitted to the SAL Senate and shared with MinLaw by the end of this year.

32 • of the Yellow programmes insupport CSR Fund. Ribbon of the energies harnessing the fraternity sustainable legal and to meaningful implement will at look Sub-Committee (“CSR”) newly CorporateThe Responsibility Social formed development. business and secretariat &support operations, planning treasury services, the Academy to execute promotion its development and mandate of via statutory delivery CorporateThe Development cluster’s for &Services work capacity building focuseson • members involving tournament futsal acharity - Cup” “CJ’s inaugural the organizing and CSR, in participate and contribute can they how on • and Co-Chairs. exercise planning astrategic spearheaded cluster the Academy. CORPORATE DEVELOPMENT &SERVICES

bringing greater convenience to customers. convenience greater bringing services, and products Academy’s the all for e-portal stop aone as intended is and initiatives, fi the among is 2015, June in “SAL-e”,store launched online new Academy’s The manner. integrated and holistic amore via services and products Academy’s ofthe sales increase and promote to order in entity asingle under management unifi Academy at the unit development business established newly The ofSAL-e. launch the and Development Business SAL-YRF STAR Bursary. ex-off and schools fi law judiciary, of the fraternity legal the in key stakeholders brief event to lunch acharity include 2015 for plans work Sub-Committee’s CSR The programmes. CSR their in Bursary to Re-start) Assistance eff benefi their as Yellow Fund the Ribbon to support will continue Corporate Social Responsibility. Chairs Cluster by newly-appointed headed fi the under regrouped were Committees SAL various the and Board Executive the renamed and reconstituted was Committee Executive SAL The Academy. ofthe structure governance updated with the aligned structure organization cluster-based new a to exercise establish restructuring corporate witha followed-up was This Senate. by the mandated as agency development and promotion a as role expanded to its Academy the to re-orient at reorganisation and planning Strategic orts towards the SAL-YRF the towards orts STAR Training (Skills rst of the Business Development unit’s unit’s Development Business ofthe rst ve new secretariat clusters, each each clusters, ve secretariat new ciary and channel fundraising fundraising channel and ciary The Corporate Development Development Corporate The enders, to raise funds for the the for funds to raise enders, es customer relationship rms, the legal service, law law service, legal the rms, The Academy Academy The

• • • placed were funds ofstakeholder million of$50 • • • • issued in FY 2013/2014. in FY issued ofnumber authentication 45,804 certifi over the of4.5% increase an is This Service. Authentication Express the under submitted were 6,731 ofwhich 47,884, totalled 2014/2015 FY Authentication certifi Authentication public were appointed. notaries 596 and ofoaths commissioners 1,859 2015, to 1April 2014 1October period the For Public. Notaries and Oaths for Commissioners million. to $2.99 amount would department by stakeholding the held by money the generated income total the into consideration, taken is funds ofstakeholder investment from million $0.99 of gain investment net the If 2014/2015. FY in million $2.0 was amount fee service and income fee. service and income Interest manager. fund withthe placed amount principal the than higher million $5.7 million, $55.7 was portfolio ofthe value market The million. $0.99 was manager fund withthe fund stakeholder the for gain investment net the and manager fund withthe out funds. Stakeholder FY2014/2015. in to 14,900 2013/2014 FY in 10,637 from increased handled transactions ofpayment-out number total The 2014/2015. FY to 17,128 2013/2014 in FY in 9,195 from increased handled transactions ofpayment-in number total transactions. payment-out and Payment-in million. $605.2 was Department by Stakeholding the Total holdings million. $0.06 was ofcourt order under held amount by SAL. Total Holdings fi last the million to $425.3 compared as million, $605.1 was 2015 March at31 as held money conveyancing and stakeholding The As at 31 March 2015, a total atotal 2015, March at31 As cates As at 31 March 2015, the the 2015, March at31 As issued in issued The interest interest The nancial year. nancial cates The The

33 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE ADR AND MEDIATION

The Singapore Mediation Centre (“SMC”), a subsidiary of the Academy, focuses on helping businesses resolve disputes effi ciently and effectively. During the period under review, SMC mediated 295 matters – an increase of more than 30% compared to the previous year.

• Singapore Domain Name Dispute • Two new collaborations with SMC includes: Resolution Policy. Six cases were lodged under the Policy which provides a framework for – Taxi Mediation Trial. From July, the National resolving “.sg” domain name disputes. There were Taxi Association will refer cases to the Land no cases lodged in the same reporting period in Transport Authority (“LTA”) for pre-mediation if the previous year. parties cannot come to an agreement over their dispute. If it is not resolved at pre-mediation, • Neutral Evaluation Scheme and Collaborative LTA can refer parties to the Singapore Family Practice (“CFP”). Five cases were Mediation Centre for mediation; and administered under its Neutral Evaluation Scheme and nine cases under its CFP service in the period – Rental Practices Working Group of the under review. Singapore Business Federation-led Small and Medium Enterprises Committee (“SME • Mediation workshops. A total of 61 workshops Committee”). SMC was chosen as the preferred were conducted in the period under review. 450 mediation service provider to resolve issues participants attended the two “Strategic Confl ict between tenants and landlords. The SME Management for Professionals” modules which Committee launched the Fair Tenancy were conducted over 18 workshops. Framework (“FTF”) in January 2015 aimed at establishing a set of clear leasing guidelines • Specialist mediation workshops. Two family and negotiation principles for small businesses mediation workshops were conducted by overseas looking to rent premises for commercial, trainers in October 2014 and in May 2015. SMC also industrial, retail and food and beverage activities. conducted the 2nd run of the CFP workshop in March 2015. • Three new key publications by SMC includes:

• Mediation courses for the Singapore Bar – Singapore Construction Adjudication Review Examinations. For the 4th year, SMC ran the (2013) – Published on February 2015; mediation skills elective during the Preparatory Course leading to Part B of the Singapore Bar – Getting the Deal Through – Mediation 2015 – Examinations (“Part B”). The workshop was Published by Law Business Research Ltd conducted over a period of 7 weeks from August (UK) in October 2014. SMC collaborated with to October 2014 with a total of 179 participants. Contributing Editor Renate Dendorfer-Ditges SMC also ran the compulsory mediation advocacy to publish the Singapore chapter; and lecture for Part B students on 25 July 2014. – Singapore ADR Series: Mediation in Singapore, • “Unfolding Conversations” – A dialogue with A Practical Guide – Published by Sweet and business leaders. SMC launched its inaugural Maxwell Asia in January 2015, and offi cially event for the business community on 25 launched in March 2015. SMC contributed September 2014. The theme of the event was Chapter 10 on “The Singapore Mediation Centre”. “How Perspectives Shape Outcomes”. It was • Three strategic agreements were signed/renewed/ attended by over 200 business leaders or their extended with the following parties: representatives, and mediators. – Singapore International Mediation Centre. • The 3rd Singapore Mediation Lecture was The Memorandum of Understanding (“MOU”) delivered by Mr Brad Berenson, General Electric’s was signed in April 2015. Under the MOU, Vice President for Litigation and Legal Policy on both parties agree to co-operate on general 26 September 2014. The lecture was attended promotion, training and development, by around 250 participants including members developing mediators, sharing of information of the legal industry, mediators, civil servants, and resources, and facilitate the introduction entrepreneurs and students. to international mediation bodies and projects;

34 – –

mediation fees subsidised by MOHH. by MOHH. subsidised fees mediation with 2014 April 28 on launched was scheme The hospitals. public from mainly institutes, healthcare and patients between disputes to off designed is scheme This 2016. March to 31 extended was Scheme Mediation Healthcare the for Ltd(“MOHH”). Pte Holdings MOH years from academic year 2015/2016; and three another for series Lecture Mediation annual the on to collaborate committed parties three The 2015. April 15 on renewed Management University. Singapore the and Partnership Elias Harry er mediation services for for services mediation er The MOU was was MOU The The MOU MOU The 35 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE Financial Statements

36 Singapore, 31 August 2015 August 31 Singapore, Accountants Chartered and Accountants Public PricewaterhouseCoopers LLP Act. ofthe 21 ofSection requirements withthe accordance in derived fi the for subsidiary its and Academy ofthe statements fi the for Academy ofthe income ofcomprehensive statement summary and statement expenditure and income summary the and Group, ofthe income ofcomprehensive statement consolidated summary and statement expenditure and income consolidated summary the 2015, March at31 as Academy ofthe sheet balance summary the and Group ofthe sheet balance consolidated summary the comprise which “Group”), (the subsidiary its fi summary accompanying The ofLaw Academy Singapore ofthe To Members the STATEMENTS FINANCIAL SUMMARY THE ON AUDITOR INDEPENDENT THE OF REPORT In our opinion, the summary fi summary the opinion, our In Opinion Summary on Report to Financial Engagements Statements. 810, Auditing on Standard Singapore with accordance in conducted were fi summary the on opinion an to is express responsibility Our Auditor’s Responsibility fi specifi may be as information such contain and form such fi annual the from derived be statements fi summary the preparing In Edition) Revised “Act”). (the 1997 294A, (Cap. Act ofLaw Academy Singapore ofthe 21 Section with the fi audited ofthe ofasummary preparation the for responsible is Management Statements Financial Summary the for Responsibility Management’s fi audited fi summary the Reading Standards. Reporting fi summary The 2015. August 31 dated report our in statements fi the for subsidiary its and nancial year then ended, and related notes, are derived from the audited fi audited the from derived are notes, related and ended, then year nancial nancial statements.

nancial statements of the Academy and its subsidiary. subsidiary. its and Academy ofthe statements nancial nancial statements do not contain all the disclosures required by the Singapore Financial Financial by Singapore the required disclosures the all contain not do statements nancial

nancial year then ended. We expressed an unmodifi an expressed We ended. then year nancial nancial statements are consistent, in all material respects, with the audited fi audited withthe respects, material all in consistent, are statements nancial nancial statements, Section 21 of the Act requires that the summary fi summary the that requires Act ofthe 21 Section statements, nancial nancial statements of the Singapore Academy of Law (the “Academy”) and and “Academy”) (the ofLaw Academy Singapore ofthe statements nancial nancial statements for the fi the for statements nancial nancial statements, therefore, is not a substitute for reading the the reading for asubstitute not is therefore, statements, nancial nancial year ended 31 March 2015 from which they are are they which from 2015 March 31 ended year nancial ed by rules made thereunder applicable to summary nancial statements based on our procedures, which which procedures, our on based statements nancial nancial year ended 31 March 2015 and be in in be and 2015 March 31 ended year nancial nancial statements of the Academy ed audit opinion on those fi those on opinion audit ed nancial statements in accordance accordance in statements nancial nancial nancial nancial

37 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE THE SINGAPORE ACADEMY OF LAW AND ITS SUBSIDIARY SUMMARY FINANCIAL STATEMENTS For the fi nancial year ended 31 March 2015

IMPORTANT NOTE

These summary fi nancial statements as set out on pages 2 to 7 are derived from The Singapore Academy of Law (the “Academy”) and its subsidiary (the “Group”)’s fi nancial statements and the independent auditor’s report thereon, which are available for inspection by all members of the Academy at the premises of the Academy during the Academy’s offi ce hours. Any member who wishes to have copies of the fi nancial statements and independent auditor’s report may notify the Academy; and the Academy shall furnish these free of charge to that member within 21 days of its receipt of the member’s notifi cation.

The summary fi nancial statements do not contain suffi cient information to allow for a full understanding of the results and state of aff airs of the Academy and of the Group. For further information, the full fi nancial statements and the independent auditor’s report on those statements should be consulted.

Objectives of the Academy in accordance with The Singapore Academy of Law Act (Cap. 294A, 1997 Revised Edition) are: (a) to promote and maintain high standards of conduct and learning of the members of the legal profession in Singapore and the standing of the profession in the region and elsewhere; (b) to promote the advancement and dissemination of knowledge of the laws and the legal system; (c) to promote legal research and scholarship and the reform and development of the law; (d) to provide continuing legal education for its members; (e) to provide for the training, education and examination, by the Academy or by any other body, of persons intending to practise the profession of law; (f) to consider proposals and suggestions regarding matters which are referred to the Academy by the Law Society or the Institute*; (g) to refer to the Law Society or the Institute* proposals and suggestions regarding matters which in the opinion of the Senate require consideration by the Law Society or the Institute*; (h) to promote good relations and social interaction amongst members and between members and law students and persons concerned in the administration of law and justice in Singapore; (i) to appoint persons as notaries public or commissioners for oaths and to authenticate their signatures; (j) to undertake activities and projects relating to the study, development and operation of laws and legal systems and the facilities, information technology and infrastructure in support thereof; (k) to provide consultancy and other services relating to the study, development and operation of laws and legal systems and the facilities, information technology and infrastructure in support thereof; (ka) to hold moneys, whether as stakeholder or in any other capacity, for the purposes or members of the legal profession in Singapore or under any written law; and (l) to exercise the functions and duties conferred on the Academy under any written law.

*“Institute” refers to the Singapore Institute of Legal Education established under section 3 of the Legal Profession Act (Cap.161).

38 Operating income Operating income/(expenditure) 2015 MARCH 31 ENDED YEAR FINANCIAL THE STATEMENTS FOR EXPENDITURE AND INCOME SUMMARY For the fi STATEMENTS FINANCIAL SUMMARY SINGAPORE ACADEMYTHE OF LAW ITSSUBSIDIARY AND Operating expenditure Surplus from operating activities Investment income Othergainsfrom investment -net Investment income/(expenditure)/ Other (losses)/gains from investment -net Total income income/(expenditure) Total operating andinvestment Surplus from investing activities Investment expenditure Total expenditure contribution to Consolidated Fund Surplus before income taxand Surplus from operating andinvesting andincome taxexpense Contribution to Consolidated Fund Grants utilised contribution to Consolidated Fund Surplus after income taxand activities nancial year ended 31 March 2015 March nancial year 31 ended

(17,287,248) (17,127,939) 19,381,969 2,385,060 2,254,030 21,181,080 3,893,832 3,310,052 1,639,802 3,897,154 (585,949) (159,309) (587,102) 2015 $ 3,322 h ru The Academy The Group (15,596,230) (15,432,025) 3,050,760 2,603,063 16,344,174 3,552,766 2,477,338 (502,006) 19,111,442 (164,205) 3,515,212 289,930 2014 912,149 37,554 $ (11,064,645) (11,223,954) 12,783,059 14,582,170 2,385,060 1,639,802 2,787,353 3,358,216 3,358,216 (585,949) (570,863) (159,309) 1,718,414 2015 $ – (10,987,597) 14,065,701 2,603,063 11,298,433 (11,151,802) 2,477,338 2,913,899 2,913,899 2,418,533 (495,366) (164,205) 289,930 310,836 2014 $ – 39 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE THE SINGAPORE ACADEMY OF LAW AND ITS SUBSIDIARY SUMMARY FINANCIAL STATEMENTS For the fi nancial year ended 31 March 2015

SUMMARY STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 MARCH 2015

The Group The Academy 2015 2014 2015 2014 $ $ $ $

Surplus after income tax and contribution to Consolidated Fund 3,310,052 3,050,760 2,787,353 2,418,533

Other comprehensive income: Financial assets, available-for-sale, net of contribution - Fair value gains/(losses) 466,710 (2,438,269) 466,710 (2,438,269) - Reclassifi ed on disposal 426,008 (201,389) 426,008 (201,389) Total comprehensive income/(loss) 4,202,770 411,102 3,680,071 (221,125)

SUMMARY BALANCE SHEETS AS AT 31 MARCH 2015

The Group The Academy 2015 2014 2015 2014 $ $ $ $

Property, plant and equipment 1,158,146 823,452 1,118,812 776,346 Intangible asset 1,014,245 1,227,770 1,014,245 1,227,770 Deferred contribution 17,665 200,510 17,665 200,510 Available-for-sale fi nancial assets 31,001,025 15,738,164 31,001,025 15,738,164 Other current assets 634,059,925 465,877,625 628,210,290 460,484,871 Current liabilities (613,665,990) (434,481,953) (610,682,070) (431,427,765) Non-current liabilities (27,227) (30,549) – – 53,557,789 49,355,019 50,679,967 46,999,896

Accumulated surplus 53,644,034 50,333,982 50,766,212 47,978,859 Fair value reserve (86,245) (978,963) (86,245) (978,963) 53,557,789 49,355,019 50,679,967 46,999,896

40 Stakeholding funds [Note 1(b)]. [Note funds Stakeholding The Academy has engaged a professional fund manager to manage a portion of the available-for-sale Fair value (losses)/gains onfi Stakeholding fundsincludedincurrent liabilities Represented by: Amount dueto theAcademy (included incurrent liabilities) Less: Fundmanagementfee payable Financial assets, available-for-sale -accrued income Accrued income (includedincurrent assets) Financial assets, available-for-sale (includedincurrent assets) Available-for-sale fi Funds withfundmanager: Cash atbank Included incurrent assets: following: to the $604,425,068 comprise amounting funds Rules, a) (Stakeholding) ofLaw Stakeholding Academy Singapore withThe [Note 1. Stakeholding 2015 MARCH 31 ENDED YEAR FINANCIAL THE STATEMENTS FOR FINANCIAL SUMMARY TOTHE NOTES funds For the fi STATEMENTS FINANCIAL SUMMARY SINGAPORE ACADEMYTHE OF LAW ITSSUBSIDIARY AND Cash andcashequivalents (includedincurrent assets) Deposits withfi b) Stakeholding funds with fund manager comprise the following fi following the comprise manager withfund funds b) Stakeholding Included in current assets and current liabilities are stakeholding funds, held in accordance accordance in held funds, stakeholding are liabilities current and assets current in Included nancial year ended 31 March 2015 March nancial year 31 ended 1(a)] (2014: $425,133,739) and $605,231,581 (2014: $426,069,493) respectively. $426,069,493) (2014: 1(a)] $605,231,581 and $425,133,739) (2014: nancial institutions nancial assets nancial assets, 352,000,000 604,425,068 604,425,068 204,328,598 605,231,581 54,208,458 54,208,458 55,690,189 55,671,790 (6,496,701) nancial assets/ liabilities: assets/ nancial 1,097,018 (806,513) 384,713 384,713 2015 2015 (18,399) $ $ The Group andAcademy The Group andAcademy 232,000,000 426,069,493 145,743,420 425,133,739 425,133,739 54,554,997 54,572,988 52,524,307 52,524,307 (5,508,742) 1,673,927 (935,754) 2014 2014 374,754 374,754 $ (17,991) $ 41 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE THE SINGAPORE ACADEMY OF LAW AND ITS SUBSIDIARY SUMMARY FINANCIAL STATEMENTS For the fi nancial year ended 31 March 2015

NOTES TO THE SUMMARY FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2015

2. Funds of the Academy with fund manager

Included in the available-for-sale fi nancial assets, current assets and current liabilities of the Group are funds of the Academy placed with a fund manager amounting to $33,776,873 (2014: $32,191,380).

Funds with fund manager comprise the following fi nancial assets/liabilities:

The Group and Academy 2015 2014 $ $

Funds with fund manager: Available-for-sale fi nancial assets 31,001,025 15,738,164 Cash and cash equivalents (included in current assets) 2,681,125 16,416,268 Derivative fi nancial instruments (included in current assets) - assets 9,518 – Accrued income (included in current assets) 107,473 58,103 33,799,141 32,212,535 Less: Fund management fee payable (included in current liabilities) (22,268) (21,155) 33,776,873 32,191,380

3. Grants

Included in the non-current liabilities of the Group are government grants amounting to $27,227 (2014: $30,549).

4. Accumulated surplus

The accumulated surplus of the Group and the Academy include other funds of $7,096,338 (2014: $7,133,672) and $7,166,806 (2014: $7,204,140) respectively that are set up by SAL for specifi c purposes. There was a transfer of $100,000 (2014: $100,000) from general fund to other funds during the fi nancial year.

5. Changes in structure of the Academy

There are no material changes in the structure of the Academy for the fi nancial year ended 31 March 2015.

42 THE SINGAPORE ACADEMY OF LAW OF ACADEMY SINGAPORE THE PRESIDENT MENON SUNDARESH JUSTICE CHIEF 2015 DATED AUGUST 31 THIS compensation personnel b) Key management LawNet levy income received from subsidiary otherincome received Secondment fees and services for expenditure and a) Income signifi following were the These signifi of Summary parties 6. concerned: 2015 MARCH 31 ENDED YEAR FINANCIAL THE STATEMENTS FOR FINANCIAL SUMMARY TOTHE NOTES For the fi STATEMENTS FINANCIAL SUMMARY SINGAPORE ACADEMYTHE OF LAW ITSSUBSIDIARY AND Food andbeverage income andrelated entities andothercharges paidto Offi from related government bodies andotherincome received Seminar fees, workshop from related government bodies received from subsidiary related government bodies income, food andbeverage ce rental, secondment nancial year ended 31 March 2015 March nancial year 31 ended cant related party transactions party related cant cant related party transactions at terms agreed between the the between agreed atterms transactions party related cant 835,384 579,825 106,521 2015 $

h ru The Academy The Group – – 732,448 438,738 2014 87,633 $ – – The Group andAcademy 1,333,506 1,572,755 579,825 2015 751,735 2015 50,703 79,982 $ $ 1,892,724 668,042 438,738 892,735 2014 2014 45,421 93,130 $ $ 43 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE EXTRACT OF THE INDEPENDENT AUDITOR’S REPORT ON THE FULL FINANCIAL STATEMENTS

An unmodifi ed audit report dated 31 August 2015 has been issued on the full fi nancial statements of The Singapore Academy of Law and its subsidiary for the fi nancial year ended 31 March 2015. The audit report is reproduced as follows:

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE SINGAPORE ACADEMY OF LAW

Report on the Financial Statements We have audited the accompanying fi nancial statements of The Singapore Academy of Law (the “Academy”) and its subsidiary (the “Group”) set out on pages xx to xx*, which comprise the consolidated balance sheet of the Group and the balance sheet of the Academy as at 31 March 2015, and the consolidated income and expenditure statement, statement of comprehensive income, statement of changes in funds and reserves and statement of cash fl ows of the Group, and the income and expenditure statement, statement of comprehensive income, statement of changes in funds and reserves of the Academy for the year then ended, and a summary of signifi cant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements Management is responsible for the preparation of fi nancial statements that give a true and fair view in accordance with the provisions of the Singapore Academy of Law Act (the “Act”) and Singapore Financial Reporting Standards, and for devising and maintaining a system of internal accounting controls suffi cient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair profi t and loss accounts and balance sheets and to maintain accountability of assets.

Auditor’s Responsibility Our responsibility is to express an opinion on these fi nancial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the fi nancial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the fi nancial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the fi nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of fi nancial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the eff ectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the fi nancial statements.

We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion.

44 of The Singapore Academy of Law for the fi the for Law of Academy Singapore The of fi the in included 2015 August 31 dated Report Auditor’s Independent the in stated as are numbers page *The Singapore, August 31 2015 Accountants Chartered and Accountants Public PricewaterhouseCoopers LLP fi accompanying the (b) kept properly have been Academy by kept to the be Act by the required records other and accounting the (a) opinion, our In Requirements Regulatory and Legal Other on Report cash fl the and Academy ofthe and Group ofthe reserves and funds in changes results, ofthe and 2015, March at31 as ofaff state ofthe view fair and to as give so atrue Standards Reporting Financial Singapore and Act ofthe provisions withthe accordance in up drawn properly are Academy of the sheet balance the and reserves and funds in ofchanges statement the income, ofcomprehensive statement the fi consolidated the opinion, our In Opinion LAW OF ACADEMY SINGAPORE THE OF MEMBERS TOTHE REPORT AUDITOR’S INDEPENDENT year and in agreement with the accounting and other records. other and accounting withthe agreement in and year and Act; of the provisions withthe accordance in ows of the Group for the year ended on that date. that on ended year the for Group ows ofthe nancial statements are prepared on a basis similar to that adopted for the preceding preceding the for to adopted that similar abasis on prepared are statements nancial nancial statements of the Group and the income and expenditure statement, statement, expenditure and income the and Group ofthe statements nancial nancial year ended 31 March 2015. March 31 ended year nancial airs of the Group and of the Academy Academy ofthe and Group ofthe airs nancial statements nancial 45 Singapore Academy Of Law Annual Report 2014/15 IN AN AGE OF CHANGE THE SINGAPORE ACADEMY OF LAW AND ITS SUBSIDIARY SUMMARY FINANCIAL STATEMENTS For the fi nancial year ended 31 March 2015

STATISTICS ON COMPOSITION OF MEMBERS

31-Mar-15 31-Mar-14 12000

10000

8000

6000

4000

2000

0

Ordinary Ordinary Ordinary Associate Associate Honorary Fellow Level 1 Level 2 Level 3* Member Student Total

31-Mar-15 3 92 2920 1135 6289 128 525 11092 31-Mar-14 4 84 2655 1076 6075 124 763 10781

Category *This includes sixteen foreign lawyers practising under section 130I and/or section 130L of the Legal Profession Act

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1 Supreme Court Lane, Level 6 Singapore 178879 Telephone : +65 6332 4388 Fax : +65 6334 4940 www.sal.org.sg