With mediation becoming more globally fashionable, the Singapore Government in January 2017 passed into law a Mediation Statue (“Mediation Act”) to further solidify its innovative approach to assist disputants in resolving their difference in a cost and efficient manner.
Failure to pay on time, and even failure to pay at all, is unfortunately a common feature of the construction industry. A question that often arises is whether a party that has not been paid on time can terminate the contract due to the failure to make payment.
On 22 March 2017, the Civil Law and Justice Amendment Legislation Bill was introduced into the upper house of the Federal Parliament. Sabina Adascalitei MCIArb lists which changes seem to be most relevant to the international arbitration arena.