Govt steps in to provide relief from contractual obligations in light of COVID19
27 Mar 2020
In Parliament yesterday afternoon, Finance Minister Heng Swee Keat stated that the Singapore Government is presently studying the issue of providing people relief from legal obligations which have been affected by the COVID-19 pandemic. A set of measures will be unveiled next week.
This client update highlights the Government’s intervention in what are essentially private agreements between individuals and entities, and suggests that there may be difficulties for a party in attempting to rely on force majeure clauses or the doctrine of frustration in trying to suspend contractual obligations or discharge the contract in its entirety.
Click here to read more about the update.