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In the realm of law, where stories unfold,
From Singapore’s energy to disputes untold,
AI’s rise and risks, a call for control,
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Here are some news articles from the Singapore Law Watch.
Singapore’s Energy Market Authority (EMA) will implement tighter hedging rules for electricity retailers from Q1 2023. Retailers must hedge at least 80% of their contracted consumer demand and provide a performance bond. The EMA will work with retailers on implementation, and proposals are due by December. The rules aim to increase resilience and protect consumers. [link]
The article discusses the evolution of dispute resolution in international business transactions. It highlights the rise of international arbitration, the adaptation of domestic courts, and the importance of amicable settlements. It emphasizes the need for appropriate dispute resolution clauses and proactive engagement in resolving disputes. [link]
The article calls for AI regulation in Singapore due to its risks. The authors suggest legal requirements for developers and deployers, labelling AI applications, and involving a wider range of actors. Protecting individuals and expanding AI education are also important. Overall, the article emphasizes the need to address AI risks promptly. [link]