Rule against penalties: State of the law in Singapore

It has been just over two years since the UK Supreme Court reformulated the penalty rule in Cavendish Square Holding BV v Talal El Makdessi; ParkingEye Limited v Beavis [2015] UKSC 67. This alert looks at the application of Cavendish Square in practice and considers the state of the law in Singapore after the recent Singapore High Court decision of Hon Chin Kong v Yip Fook Mun [2017] SGHC 286.

Read our full alert and watch our three minute animation on penalty clauses under Singapore law.