the relevance of law

1.

Odex v. Pacific Net [2008]

Holdings with regard to Copyrights Act s136(6A)/s136(6B):

"Prof S Jayakumar, the Deputy Prime Minister and Minister for Law, said ...Because of the concerns of Ms Indranee Rajah and Mr Zainudin that the way it is drafted may catch the odd home user who in good faith innocently downloads some items, I think I should assure them that the way it is drafted is unlikely to have that result.... it is not intended to catch a person who commits an infringement by occasionally downloading an article or song from the Internet for his own personal enjoyment."

WOOHOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!

2.

Substituted trading - a form of indirect insider trading is not criminalized and will likely not be due to widespread practice and difficulty in regulating.

i.e. we can make simple economic conclusions deduced from confidential company information to our personal advantage.

Eg. If i work for Singtel and i know phone sales are going to supernaturally rise by some of Singtel's "inside information" i can deduce all phone sales will rise. and hence i go buy Motorola's shares. AWESOME!