Legal Implications of the (Temporary Measures) Act Explained – How are the Contractual Obligations Impacted
Overview
Singapore Mediation Centre had its first (Temporary Measures) Act webinar in April and in this upcoming event, our speaker would be sharing updates on legal implications and the impact the Act would have on individuals and businesses.
The ongoing Coronavirus Disease 2019 (Covid-19) pandemic and the associated public health measures imposed has created an unprecedented economic shock and unforeseeable impact, including supply chain disruptions, manpower shortages and revenue generating activities.
On 20 April 2020, the Covid-19 (Temporary Measures) Act was introduced to offer temporary relief from contractual obligations. Under this relief from 20 April 2020 to 19 October 2020, individuals and businesses are protected from contract obligations that were performed on or after 1 February 2020 which are affected by reason of Covid-19, and for contracts entered into before 25 March 2020. These measures may subsequently be extended, for up to a year from the commencement of the Act.
In this webinar session, the following topics will be covered:
- What does the Covid-19 (Temporary Measures) law do?
- What does it mean to show that the inability to pay was resulting from Covid-19?
- How does this law affect dispute resolution clauses in contracts?
- How does this law affect both landlords and tenants and how should their commercial relationship be better managed going forward?
- How does this law assist in the restructuring of a company in financial difficulty?
The session will also address the issue of legal proceedings that were commenced before the law came into force, and whether mediation can take place with this law in effect.
To know more about the Programme & our speaker, Mr Daniel Koh, please click here.
Upon successful registration, log-in details will be emailed to you a day prior to the event.
This Webinar is organised by Singapore Mediation Centre and supported by Singapore Chinese Chambers of Commerce & Industry (SCCCI).
For inquiries or for further assistance, please do not hesitate to contact the Business Development Team by email at jodi_eng@sal.org.sg or kajal_parikh@sal.org.sg.
