ARTICLES
6 Reasons To Get A Prenuptial Agreement
A prenuptial agreement is an agreement between two people that is executed before marriage. The agreement deals with the financial aspects of a couple`s marriage in case it comes to an end. In fact, when you give it some thought, all marriages have a “prenuptial agreement” – it is just known as “divorce law.” If…...
Directors: Remuneration
Under Singapore corporate law, in the absence of express stipulation in the articles of association, the mere holding of the office of director without more does not entitle a director to remuneration. The law treats the director as trustee and equity forbids a trustee to make a profit out of his trust. The strict rule…...
Directors: Indemnity and Release of Duties
Relief given by company Under corporate law in Singapore, any provision (whether in the articles of association or in a contract or otherwise) indemnifying a director against any liability for negligence, default, breach of duty or breach of trust is void (section 172(1) of the Companies Act). However, the company may purchase D&O liability insurance…...
Appointment of Directors
Under Singapore corporate law, all companies are required to have at least 1 director who is ordinarily resident in Singapore (section 145(1)). Listed companies: Listed companies are required to have at least 3 directors because listed companies need an audit committee consisting of at least 3 directors The Company Act does not prescribe the manner…...
What happens at a Mediation Session?
The mediation session will usually involve the following steps: The mediator will introduce attending parties and ask them to agree to the process and ask them to follow some ground rules. The mediator will give each party a chance to explain what their view of the problem is. The mediator facilitates parties to discuss the…...
Requirements for obtaining an Employment Pass in Singapore
A. Eligibility Requirements of Employment Pass (“EP”) The current salary threshold for the EP is $3,300. However, aside from the minimum salary, the applicant’s educational qualifications and work experiences will be considered by the Ministry of Manpower (“MOM”) in granting the EP. However, do note that the minimum fixed monthly salary requirement of S$3,300 is…...
What is Family Violence? What can I do if I am a Victim of Family Violence?
Most victims of family violence do not know that they are considered victims in the eyes of the law. Many do not know where or how they can get help. If you are a victim of family violence, in order to protect you and your loved ones, you need to seek legal help. 1. What…...
How do I Obtain Letters of Administration?
You would need to obtain Letters of Administration if the deceased had not left behind a will. Several documents have to be prepared when filing for Letters of Administration: The Statement (in Form 172(b)) Paragraph 3 of Form 172(b) should contain the following particulars of the deceased: Country of which he was a citizen Religion…...
How are Assets Distributed in the Event that there is No Will?
If you are a Singaporean who has property only in Singapore, your assets will be distributed following the rules of the Intestate Succession Act. The first question to ask is whether you have left behind a surviving spouse. IF YOU HAVE LEFT BEHIND A SURVIVING SPOUSE, BUT YOUR PARENTS HAVE PASSED AWAY AND YOU HAVE…...
How do I Apply for a Grant of Probate?
A grant of probate is a court order given to the executor appointed by the deceased in his will to administer his estate. Before filing the application, make sure that the will either expressly or impliedly appoints executors. It is best to clearly state the executors. It is also vital to ensure that the formal…...
