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Monday, January 16, 2012

SGX and China Sky

SGX has withdrawn its legal suit against China Sky and is now negotiated a settlement out of court. See this report: http://www.todayonline.com/Business/EDC120117-0000058/SGX-drops-suit-against-China-Sky
I hope that the terms of the settlement be publicized to be a reference for future cases of this type.

Many areas of the law in Singapore are not clear, due to a small number of cases that are tried in court. If more cases are tried and decided in court, the judge will be able to give a view on what is right, what is wrong, what is reasonable, what is unreasonable. This will help to strengthen the understanding of values in our society.

The lack of clarity instill fear in Singaporeans. Recently, I met a young man, who graduated from university, that was so fearful of using a  non-artistic image in the website for fear of infringing the copyright. It was a general image that could not be identified to an owner. He heard that someone had gone to jail for infringing the copyright, and he did not want to take this risk.

I find many Singaporeans to be too fearful and will not take any risk if there is some unclarity or uncertainty. This is why entrepreneurs are so rare in Singapore. And it can be traced to our climate of fear.

  

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