About the Act
The COVID-19 (Temporary Measures) Act 2020 (“the Act”) seeks to offer temporary relief to businesses and individuals who are unable to perform their contractual obligations due on or after 1 February 2020 because of COVID-19.
The Act covers relevant contractual obligations that are to be performed on or after 1 February 2020, for contracts that were entered into before 25 March 2020.
“You’re looking at economic devastation. Businesses destroyed, people’s lives ruined, and in such a situation, you don’t talk contract. You talk equity, you talk justice, you talk about what is the right thing to do.” - Minister for Law K Shanmugam SC, Interview with CNBC, 7 April 2020
For more information about the Act, please see this page on the types of contracts covered, and this page for the press releases and the Second Reading speech by the Minister for Law.