Reading Time: 6 minutesIn recent years, there has been a significant uptick in the number of Family Offices set up in Singapore, with experts estimating that this number has multiplied by more than four times in the past few years. In this article, Saravanan Rathakrishnan from RHTLaw Asia shares about what Family Offices are and the legal frameworks […]
Reading Time: 5 minutesIntroduction On 5 October 2020, the Singapore parliament passed the International Arbitration (Amendment) Bill (the “Bill“), which was assented to the President on 5 November 2020, introducing two key amendments to the International Arbitration Act (Cap. 143A) (the “IAA“). The amendments aim to enhance the current framework in Singapore, so as to ensure that Singapore’s […]
Reading Time: 7 minutesI. Introduction When good employees leave, there is often a risk that they will join a competitor or set up a competing business. If you are the employer, the employment contract might protect your interests through a confidentiality clause preventing the employee from using or disclosing confidential information. It might also have a non-compete clause […]
Reading Time: 6 minutesIntroduction You may have been asked to sign a letter of guarantee before. Simply put, a letter of guarantee is a promise to pay another person’s debt if he or she is unable to do so. However, being a guarantor can certainly be risky, especially when the debt is significant. So the question is: should […]
Reading Time: 6 minutesI. Introduction Business negotiations can be lengthy. In the course of negotiations, parties might make a verbal promise to do or not do something. There might also be emails recording the promise or showing that there were verbal negotiations. But if the promise does not end up in a written contract, can you hold the other […]
Reading Time: 6 minutesThis article was written by Nadia Moynihan from August Law with the assistance of Annette Liew, an L.L.B. undergraduate at Singapore Management University’s School of Law. Cyberbullying as a phenomenon has grown exponentially over the last two decades and Singapore apparently now has the second highest incidence of cyberbullying in the world. This should not be surprising, […]
Reading Time: 5 minutesThis article is co-written by Ms. Danna Er and Ms. Nur Liyana Kamaludin. I. Introduction In Far East Square Pte Ltd v Yau Lee Construction (Singapore) Pte Ltd [2019] SGCA 36 (“Far East Square”), the Court of Appeal held that a payment claim submitted after the issuance of the architect’s Final Certificate would be invalid regardless […]
Reading Time: 4 minutesWhat are indemnity provisions? Indemnity provisions, also known as “indemnities” or “indemnity clauses”, are commonly included in contracts to allocate risk between contracting parties. If properly included, the indemnifying party (the “indemnifier”) will be obliged to compensate the indemnified party for losses which may occur as a result of a specified event, sometimes referred to […]
Reading Time: 8 minutesI. Introduction In any business, careful risk management is crucial to protecting your profits. One major and often overlooked risk is litigation risk, especially overseas litigation risk. This article will address the litigation risk that a Singaporean company may face when doing business with a foreign counterparty that fails to uphold its contractual obligations. II. […]
Reading Time: 5 minutesCyber fraud and the hacking of email accounts is an increasingly common occurrence nowadays. The shipping and international trade industries, where large sums of money are regularly remitted, has become an increasingly attractive target for cyber fraudsters. The question that arises where there is cyber fraud and monies are intercepted while in transit between payor […]
Reading Time: 9 minutesBeing a lawyer may seem glamorous and prestigious, but the life of a lawyer is not all sunshine and rainbows. In this article, Michael Loh, a partner at Clifford Law, shares with us the little known truths and pains of being a lawyer. Michael has been in practice since 1992. Although he primarily handles family […]
Reading Time: 4 minutesThe UK Supreme Court (“UKSC”) in Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd [2019] UKSC 50, recently upheld the decisions of the Court of Appeal (“CA”) and High Court (“HC”) in finding that a bank had breached its Quincecare duty of care owed to a company who was the bank’s […]
