Serving and Withdrawing a Notification for Relief
In order to qualify for relief under the Covid-19 (Temporary Measures) Act, you would first need to serve a Notification for Relief (‘NoR’) on the relevant parties. A NoR must follow a prescribed template set out at Form 1. You may make modifications but you should adhere to the prescribed template as far as possible […]
Legal Challenges Posed by the COVID-19 Fallout and How SMEs Should Respond
It is an understatement to say that SMEs has been hit hard by COVID-19. The unprecedented and widespread disruptions to business operations have thrown many businesses into financial disarray. SMEs often does not have deep pockets to weather a prolonged period of cessation of business operations and it is understandable that SME owners are concerned […]
Additional Relief for Construction and Events Contracts
These are additional relief provided under the Covid-19 (Temporary Measures) Act 2020 for performance bonds in construction, tourism, and events-related contracts. (1) Performance bonds in construction-related contracts If you are a party to a construction or supply contract entered into before 25 March 2020, you may have been required to procure a performance bond […]
COVID-19 (Temporary Measures) Act
The COVID-19 outbreak has affected a lot of people. Events were cancelled, various works had to be stopped, and many could not proceed with business as usual. As the inability to perform one’s contractual obligations arose from circumstances beyond anybody’s control, Parliament passed the COVID-19 (Temporary Measures) Act (“TMA”) on 7 April 2020 partly to […]
