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Articles

Cliff Edge – What Happens after the Expiry of the Temporary Reliefs for the Construction Industry?

26 Apr 2021

In our last instalment, we discussed the extension of reliefs for the construction industry in Singapore pursuant to the COVID-19 (Temporary Measures) Act (“C19TMA”).

Whilst it is unclear whether further extensions will be granted after September 2021, what is clear is that at some point, the temporary reliefs will come to an end. At which point, issues that have been held back by the C19TMA would inevitably surface. What are some of the issues that may surface and how should the construction industry prepare for these issues?

C19TMA – Extension of Reliefs for the Construction Industry

08 Apr 2021

On 5 April 2021, the COVID-19 (Temporary Measures) (Amendment No. 2) Bill (“Bill”) was introduced to deal with, inter alia, the provisions dealing with reliefs for the construction industry within the COVID-19 (Temporary Measures) Act (“C19TMA”). In this briefing note, we discuss the scope and impact of the extension of reliefs under Parts 2 and 8B of the C19TMA.

Liquidated Damages in Singapore – Enforceable or Not?

22 Mar 2021

Liquidated damages (“LDs”) are common in commercial contracts. Yet, there are often issues about the enforceability of LD clauses. In this briefing note, we discuss the position on LDs in Singapore. Particularly, the circumstances where LDs are enforceable and unenforceable (for being ‘penalty’ clauses).

Final Words on COVID-19 Business Interruption Insurance – Welcome News for both Policyholders and Insurers

28 Jan 2021

In our earlier briefing note (COVID-19 Business Interruption Insurance – Welcome News for Policyholders, and Something for the Insurers), we shared the judgment handed down by the UK Commercial Court in the test case of The Financial Conduct Authority v Arch & Others [2020] EWHC 2448 (Comm).

Parties appealed and the matter was brought before the UK Supreme Court. In what is the final word on this test case, the judgment [2021] UKSC 1 provides welcome news to both policyholders and insurers.

Managing the Impact of COVID-19 – Key Features of the Re-Align Framework

15 Jan 2021

As the coronavirus accompanies us into the new year, many businesses remain significantly impacted by the pandemic. To help such businesses cope with the challenges ahead, the COVID-19 (Temporary Measures) Act (“C19TMA”) was amended to introduce a framework for the renegotiation of contracts (the “Re-Align Framework”).

ICC Rules 2021 – What are the Key Changes?

24 Nov 2020

The ICC Rules 2021 make several key changes to the previous set of arbitration rules (the “ICC Rules 2017”). This briefing note discusses the key updates and shares views on how these developments will impact arbitration users.