Singapore seeks to enable digitalisation of key documents

Singapore

SINGAPORE is looking to be one of the first countries to enable the digitalisation of key trade documents via the adoption of the Model Law on Electronic Transferable Records (2017) (MLETR) as part of efforts to shore up the Republic's position as a leading maritime and trade hub.

This follows the introduction of the amendment to the Electronic Transactions Act by Minister for Communications and Information and Minister-in-charge of Trade Relations S Iswaran in Parliament on Monday.

The proposed changes to the law also seeks to, among other things, digitalise important documents like a Lasting Power of Attorney (…

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