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Singapore – Corporate/M&A – May 2015

 

  • Parties May Contractually Limit Their Right To Restrain Calls On Performance Bonds.
  • Application To Compel Production Of Records May Be Made Against Directors And Not Just The Company.
  • Distinguishing Between An Ouster Clause And A Limitation Clause In Performance Bonds.
  • An Exercise In Restraint: Court Of Appeal Confirms Courts Will Give Effect To Agreements Limiting The Circumstances In Which A Contractor Can Restrain A Call On Performance Bonds.
  • Highest Court Allows Narrow Performance Bond Clauses.
  • AML/CFT Obligations Of Corporate Service Providers Under ACRA’s Enhanced Regulatory Framework.

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