Reading Time: 8 minutesIntroduction Let’s say you are an investor. You enter a joint investment with a friend and lend him $100,000. Sadly, the joint venture fails, and to make matters worse, your friend has gone bankrupt and transferred half of your money to his wife. Can you get your money back? Unfortunately, once he is declared bankrupt, […]
Reading Time: 7 minutesIntroduction Let’s say you are a minority shareholder. The company is not doing well, and you believe the company’s directors have committed financial mismanagement, or maybe committed fraud. To make matters worse, the other majority shareholders are in cahoots with these directors, so your concerns are dismissed quickly at every meeting. Usually, a company would […]
Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination. In this article, […]
Reading Time: 4 minutesSpecial Purpose Acquisition Companies (“SPACs“) are companies, at the point of their proposed listing on the Singapore Exchange (“SGX“), without an operating history, business or assets generating revenues. The listing is undertaken primarily to raise capital to acquire a business or businesses, as the case may be, and complete a business combination. In this article, […]
Reading Time: 6 minutesIntroduction Electronic communications are omnipresent. Apart from texting our friends via apps like Telegram or WhatsApp, and discussing work through emails, we also transact using electronic means – for example, by buying items off Taobao, Shopee, or Lazada, just one of the many e-commerce platforms available. This article discusses whether agreements formed over messaging apps […]
Reading Time: 7 minutesIntroduction Picture this. You are a contractor, and the developer of your long-completed construction project is suddenly threatening to sue you over some tiles that have fallen out. You find out that the reason behind the tiles falling out is that they required a specific glue, which the supplier failed to tell you to use. […]
Reading Time: 7 minutesIntroduction The construction sector in Singapore was valued at S$33.4 billion in 2019.[1] This booming industry is expected to remain strong in 2020, due to the increasing complexity in the design of buildings, such as the rising emphasis on prefabrication technology.[2] Construction projects are complex, and require many different skills and expertise. Any one contractor […]
Reading Time: 6 minutesLaw is a business. This is one of the first things Joshua shares with me, just three minutes into our interview. Two or three decades earlier, this matter-of-fact utterance would have raised eyebrows and blood pressures, and sent senior lawyers within earshot spewing diatribes in defence of the sanctity of the legal profession. But to […]
Reading Time: 6 minutesGV Lawyers would like to introduce the legal article of Mr. Tran Thanh Tung, a Partner of GV Lawyers titled “M&A transactions: Noteworthy points when the legal framework changes” published on Saigon Times dated 20 January 2021. (TBKTSG Online) – As opposed to the Competition Law 2004, there has been a major change in the […]
Reading Time: 3 minutesAccording to Lianhe Wanbao and Mothership, a 75-year-old woman was arrested on February 4 for operating a mahjong parlour in her HDB flat. 10 other women aged between 22 and 88 were also arrested. The accused has allegedly operated the mahjong parlour out of her Teban Gardens flat in Jurong for the past eight years. […]
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 […]
