Old is the new “new” – the rule against penalties in Singapore
By EsqSocial Corporation 18/01/21
Liquidated damages clauses are often attacked in common law jurisdictions for being unenforceable "penalties". The test for what constitutes a "penalty" has been reviewed in common law jurisdictions over recent years. Last month, the Singapore Court of Appeal gave welcome clarity to the penalty test in that country....
By: White & Case LLP