First published on 17 February 2021. The COVID-19 outbreak has triggered several rounds of statutory protection for vulnerable parties since the start of the pandemic. The latest round involves allowing parties to renegotiate selected contracts for a month (recognising that the business …
Insights
Overview of key changes brought about by Singapore’s new Insolvency Restructuring and Dissolution Act 2018 (“IRDA”)
First published on 11 November 2020. Introduction Singapore’s IRDA was enacted on 1 October 2018 and finally came into operation on 30 July 2020. The IRDA is the third and final phase of Singapore’s effort to modernise and strengthen its insolvency and bankruptcy laws. Companies should now …
How does COVID-19 affect commercial contracts in Singapore? A primer on frustration, force majeure and a detailed write-up on the new COVID-19 Bill.
First published on 7 April 2020. The unforeseeable COVID-19 outbreak and its associated responses by governments worldwide has had an unprecedented economic impact, especially for businesses who are unable to meet their contractual obligations because of COVID-19. Singapore’s Ministry of Law …