Legal Conditions for Lease Agreements in Singapore Introduction to Lease Agreements Lease agreements in Singapore are governed by a combination of statutory laws and common law principles. The Residential Property Act and the Conveyancing and Law of Property Act are two key pieces of legislation that play a significant role in regulating lease agreements. Understanding … Read more
Understanding Severance Pay Severance pay in Singapore is a critical consideration for both employers and employees, especially in the context of redundancies or organizational restructuring. While not explicitly mandated by law, the Employment Act (Cap. 91) provides a framework for employment terms and conditions. Specifically, Section 45 of the Employment Act outlines that an employee … Read more
Employment Litigation Procedures in Singapore Understanding Employment Litigation Employment litigation in Singapore is a critical aspect of employment law, providing a structured legal pathway for resolving disputes between employers and employees. The Employment Act (Cap. 91) is the principal legislation governing employment relations, ensuring employees are treated fairly and employers fulfill their obligations. Understanding these … Read more
Understanding the Employee Pension Scheme The Employee Pension Scheme in Singapore, commonly referred to as the Central Provident Fund (CPF), is a comprehensive social security system that provides Singaporean employees with retirement, healthcare, and housing benefits. Established under the Central Provident Fund Act (Cap. 36, 2001 Rev. Ed.), the CPF is a mandatory savings plan … Read more
Understanding Corporate Secrets In the competitive business landscape of Singapore, protecting corporate secrets is of paramount importance. Corporate secrets, also known as trade secrets, encompass proprietary information that provides a business with a competitive edge. This can include formulas, practices, designs, instruments, patterns, or any information that has economic value and is not generally known … Read more
Venture Capital Investment Guide in Singapore Understanding Venture Capital Venture Capital (VC) plays a pivotal role in the startup ecosystem by providing the necessary funds to nascent companies that show potential for significant growth. In Singapore, a hub for innovation and entrepreneurship, VC investment has been pivotal in nurturing startups. According to the Companies Act … Read more
Understanding Franchise Laws in Singapore Franchising is a popular business model in Singapore, thanks to its robust legal framework and business-friendly environment. The key legislation governing franchise businesses in Singapore is the Franchising and Licensing Association (FLA) Code of Ethics. While this code is not legally binding, it provides a set of best practices and … Read more
Legal Validity and Notarization of Contracts in Singapore Understanding Contract Validity The validity of a contract in Singapore is primarily governed by the Contracts Act (Cap. 39), which outlines the essential elements required for a contract to be considered legally binding. These elements include offer, acceptance, consideration, intention to create legal relations, and certainty of … Read more
Overview of Singapore’s Trade Laws Singapore, renowned for its strategic location and robust economic infrastructure, is a pivotal player in international trade. The legal framework governing trade in Singapore is structured to facilitate seamless commerce while safeguarding national interests. Central to this framework is the Customs Act (Cap 70), which regulates the import and export … Read more
Understanding Singapore Financial Regulations Introduction to Regulations Singapore, known for its robust financial sector, has a well-structured regulatory framework designed to maintain economic stability and foster growth. The Monetary Authority of Singapore (MAS) serves as the central bank and financial regulatory authority, overseeing the financial sector. The regulations are primarily governed by the Financial Advisers … Read more