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ARTICLE · 19 MAY 2020

Temporary Relief For Contractual Obligations Under The COVID-19 (Temporary Measures) Act 2020

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Businesses and individuals around the world have been affected by unprecedented and unforeseeable supply chain disruptions, manpower shortages and cashflow issues arising from the COVID-19 pandemic.

SingaporeCoronavirus (COVID-19)
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Businesses and individuals around the world have been affected by unprecedented and unforeseeable supply chain disruptions, manpower shortages and cashflow issues arising from the COVID-19 pandemic. In his speech on the COVID-19 (Temporary Measures) Bill, Law Minister K. Shanmugam noted the increasing difficulties of businesses and individuals in fulfilling their contractual obligations due to the COVID-19 outbreak. To complement the financial schemes, grants and reliefs announced by the Singapore Government in the Resilience Budget and Solidarity Budget on 26 March 2020 and 6 April 2020, the COVID-19 (Temporary Measures) Act 2020 ("Act") was passed on 7 April 2020. The Act seeks to provide temporary relief to business and individuals affected by the COVID-19 pandemic, among other temporary measures, and to apply retroactively, and cover contractual obligations performed on or after 1 February 2020, which is the approximate date when the coronavirus outbreak started to

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