The Insolvency, Restructuring and Dissolution Act 2018 – A New Chapter in Singapore’s Insolvency Laws August 21, 2020 Singapore: The Insolvency, Restructuring and Dissolution Act 2018 (IRDA), together with its 48 related pieces of subsidiary legislation, came into force on 30 July 2020. We highlight the changes for businesses and individuals.
MAS’ Regulatory Approach Regarding Payment Tokens and Payment Token Derivatives July 14, 2020 An article exploring the Monetary Authority of Singapore’s regulatory approach for derivatives contracts that reference “payment tokens” as underlying assets.
Calderbank offers in arbitration and the high threshold to appeal an arbitral award – a look at CKR Contract Services Pte Ltd v Asplenium Land Pte Ltd [2020] SGHC 81 May 26, 2020 Calderbank offers are useful tools in both litigation and arbitration. However, what if a party in arbitration proceedings is dissatisfied with an adverse costs order made because he did not accept a favourable Calderbank offer? Can he take it further as a question of law under the Arbitration Act?
Knowing the limitation period of your claim: A case example for negligent misrepresentations May 19, 2020 Potential litigants often pay little attention to the rules on limitation. This is ill-advised, given how they can operate as an absolute bar to recovery. A paradigm example is provided by a recent judgment of the Court of Appeal, which dismissed a negligent misrepresentation claim for being time-barred. It is therefore critical for parties to know the limitation period of their claim and to prosecute them in a timely fashion. It is in this context that we discuss the approach adopted by the Court of Appeal in calculating the limitation period for negligent misrepresentation.
Shimizu Corporation v Stargood Construction Pte Ltd [2020] SGCA 37: No longer a “Dual Track” Railroad but a Single Lane with Statutory Gap-Filling? May 19, 2020 For convenience and ease of reference, this article will adopt the terms and definitions adopted in the previous article. In a subsequent decision rendered by the Court of Appeal following from their earlier decision in Far East v Yau Lee, the Court of Appeal in in Shimizu Corporation v Stargood Construction Pte Ltd [2020] SGCA 37 categorically rejected the “dual-track” approach under SPOA.