With a significant and coherent body of case law on construction disputes, Singapore is a hub for resolving many construction disputes across the Asia-Pacific region. ...
Source: jdsupra.com
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Old is the new "new" – the rule against penalties in Singapore | White & Case LLP
To embed, copy and paste the code into your website or blog: Liquidated damages clauses are often attacked in common law jurisdictions for being unenforceable "penalties". The test for what constitutes a "penalty" has been reviewed in common law jurisdictions over recent years. Last month, the Singapore Court of Appeal gave welcome clarity to the penalty test in that country. Background: The rule against penalties A contractual breach can create a host of issues, not only over liability, but also the consequences arising out of it. To provide some certainty, parties often stipulate in the con...
Source: jdsupra.com