One year ago, the UK expressed its wish to withdraw from the EU in a referendum. Since no other EU Member State had left the EU before, the wish to withdraw the UK’s EU membership raised a series of uncertainties.
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.