IMPACT OF COVID-19 ON CONTRACTS (Singapore)

Author: Annia Hsu

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Publisher: Nagashima Ohno & Tsunematsu

Journal / Book: NO&T Asia Legal Review No.22 (April, 2020)

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*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

Introduction
When the World Health Organization characterized the COVID-19 outbreak as a pandemic on 11 March 2020, and as countries implemented increasingly strict restrictions on travel and movement, business owners and employees everywhere had very limited time to react. In Singapore, restrictive measures were continuously stepped up in response to surges in COVID-19 cases, culminating in a “circuit breaker” that would be in place for another month until 1 June 2020, if not longer. In line with its reputation for being one of the top commercial hubs in Asia, Singapore has not hesitated in passing legislation to manage contractual relations of parties that have largely been thrown into chaos as the pandemic escalated. In this article, we provide a summary of the key items that clients with business interests in Singapore should be aware of.

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