Legal investment memo $80million SG impact on Golden City scheme in Myanmar

The legal investment memo by Dr Felicity Gerry KC has led to ETC divestment. Justice for Myanmar issued a press release today on the latest moves in the Golden City investment scheme linked to the Myanmar military and the ETC divestment. The memo set out international law and guidance places due diligence obligations on the Singapore Exchange and possible liability on the Monetary Authority of Singapore and the Singapore Government for companies doing business with the Myanmar military.

Felicity was instructed by the Australian Centre for International Justice and led Daye Gang of the Victorian Bar

Read the JFM press release

https://www.justiceformyanmar.org/press-releases/etc-singapores-myanmar-divestment-raises-more-questions-for-singapore