Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 210

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 210
---
 mark may give rise to civil and criminal liabilities. Registered trademarks are valid for a period of 10 years from the date of registration and may be renewed for further periods of 10 years. Patents The Patents Act 1994 of Singapore confers statutory protection on patentable inventions on a first -to -filebasis in Singapore, and the registered proprietor will have the exclusive right to exploit the invention. There are three (3) key criteria for registration: the invention must (i) be new, (ii) involve an inventive step (being a step that is not obvious to a person who is skilled in the relevant art) and (iii) be capable of industrial application. An infringement of a registered patent may give rise to civil liabilities. Registered patents are valid for 20 years from the date of filing of the application, subject to the payment of annual renewal fees from the fifth year. Regulations on Anti-money Laundering and Prevention of Terrorism Financing The primary anti -moneylaundering legislation in Singapore is the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 (the “CDSA”), which provides for the confiscation of benefits derived from, and to combat, corruption, drug dealing and other serious crimes. Generally, the CDSA criminalizes the concealment or transfer of the benefits of criminal conduct as well as the knowing assistance of the concealment, transfer or retention of such benefits. The Terrorism (Suppression of Financing) Act 2002 (the “TSOFA”) is the primary legislation for the combating of terrorism financing. It was enacted to give effect to the International Convention for the Suppression of the Financing of Terrorism. Besides criminalizing the laundering of proceeds derived from drug dealing and other serious crimes and terrorism financing, the CDSA and the TSOFA also require suspicious transaction reports to be lodged with the Suspicious Transaction Reporting Office. If any person fails to lodge the requisite reports under the CDSA and the TSOFA, he may be subject to criminal liability. Regulations on Employment Employees The Employment Act 1968 of Singapore (“EA”) prescribes certain minimum conditions of service that employers are required to provide to employees covered under the EA (“employees”), including (i) minimum days of statutory annual and sick leave, (ii) paid public holidays, (iii) statutory protection against wrongful dismissal, (iv) provision of key employment terms in writing and (v) statutory maternity leave and childcare leave benefits. In particular, Part IV of the EA sets out the