Report on the Building and Construction Industry Security of Payment Act and corporate insolvency and restructuring



Electronic Book 216.73.216.191 (0)

2020

Report on the Building and Construction Industry Security of Payment Act and corporate insolvency and restructuring

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Information About

The Building and Construction Industry Security of Payment Act (Cap 30B, 2006 Rev Ed) (“SOPA”) was introduced to ease cash-flow demands for contractors and sub-contractors amidst a slowdown in the construction industry. This publication contains recommendations after a review of the adjudication process at various stages as well as a consideration of possible insolvency issues.

Subjects

Construction contracts--Singapore Construction industry--Law and legislation--Singapore Payment--Singapore Bankruptcy--Singapore Corporate reorganizations--Law and legislation--Singapore

Categories

Law Building and Construction

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Additional Details

Title
Report on the Building and Construction Industry Security of Payment Act and corporate insolvency and restructuring
Creators
  • Singapore Academy of Law
Subject
  • Construction contracts--Singapore
  • Construction industry--Law and legislation--Singapore
  • Payment--Singapore
  • Bankruptcy--Singapore
  • Corporate reorganizations--Law and legislation--Singapore
Publisher
  • National Library Board Singapore, 2020
  • Singapore Academy of Law, 2020
Contributors
  • Mohd Salleh
  • Ashok Kumar
  • Gregory Leong
  • Yeo Boon Tat
  • Sim Kwan Kiat
  • Lim Loo Khoon
  • Lawrence Tan
  • Ho Chien Mien
  • Christopher Chong
  • Abuthahir Abdul Gafoor
  • Simon Constantine (ed.)
  • Law Reform Committee, Singapore Academy of Law
  • Constantine, Simon
Digital Description
application/pdf, 962 KB, 107 p.
Table of Contents
  • ch. I. Introduction -- ch. II. Summary of recommendations -- ch. III. Commencement and continuation of statutory adjudication when a claimant is subject to formal insolvency proceedings or undergoing restructuring -- ch. IV. Entitlement to commence statutory adjudication when a respondent is subject to formal insolvency proceedings or undergoing restructuring -- ch. V. Stay of statutory adjudication against an insolvent respondent -- ch. VI. Direct payment by principal and protection against double jeopardy.
Copyright
  • All rights reserved. Ashok Kumar, Gregory Leong, Yeo Boon Tat, Sim Kwan Kiat, Lim Loo Khoon, Lawrence Tan, Ho Chien Mien, Christopher Chong, Abuthahir Abdul Gafoor, Simon Constantine (ed.), Law Reform Committee, Singapore Academy of Law, 2020