Is The Right To Claw Back Bonus Enforceable In Singapore

Filter Type: All Time Past 24 Hours Past Week Past monthFacebook Share Twitter Share LinkedIn Share Pinterest Share Reddit Share E-Mail Share

Listing Results Is The Right To Claw Back Bonus Enforceable In Singapore lowest price

Trimming The Claws on Bonus Clawbacks TSMP Law

2 hours ago In Singapore, the right to clawback bonus or other remuneration is generally subject to the agreement between employer and employee. If expressly agreed in the terms of the employment contract, they are enforceable

Estimated Reading Time: 7 mins

Preview / Show more

Posted in: Contract Law, Employment LawShow details

Sample Clawback Clause faqlaw.com

3 hours ago Trimming The Claws on Bonus Clawbacks TSMP Law Corporation. 2 hours ago Tsmplaw.com Show details . In Singapore, the right to clawback bonus or other remuneration is generally subject to the agreement between employer and employee. If expressly agreed in the terms of the employment contract, they are enforceable unless statutorily prohibited (e

Preview / Show more

Posted in: Contract Law, Employment LawShow details

Guide to Singapore Employment Act GuideMeSingapore …

21.086.4174 hours ago Trimming The Claws on Bonus Clawbacks - TSMP Law Corporation

Preview / Show more

Posted in: Employment LawShow details

Singapore Court of Appeal allows claw back Practical …

8 hours ago The Singapore Court of Appeal decision of Chee Yoh Chuang & Anor (as Liquidators of Progen Engineering Pte Ltd (in liquidation)) v Progen Holdings Ltd considered how the law ought to balance the rights of creditors with the company directors' desire to keep the company afloat when the company has financial difficulties and when payments were made to …

Preview / Show more

Posted in: Law CommonsShow details

Lowest bonus in 10 years for civil servants, Singapore

Just Now Most of Singapore's 85,000 civil servants will get a year-end bonus that is the lowest in 10 years, amid the weak performance of the Singapore economy and its uncertain outlook.They will receive 0

Estimated Reading Time: 4 mins

Preview / Show more

Posted in: Form Law, Civil LawShow details

Your Consumer Rights in Singapore and How to Get …

1 hours ago Right for repair, replacement or refund of defective products. Singapore has a “lemon law” which allows for consumers to make a claim for the repair, replacement or refund of a defective product within 6 months of purchasing the product. You can find more information on Singapore’s lemon law in our other article.

Preview / Show more

Posted in: Form Law, Consumer LawShow details

Singapore Antitrust & Competition Guide 2016 …

9 hours ago Competition Commission of Singapore (CCS). Other sector-specific regulators also have residual powers to consider competition law provisions as part of their general enforcement powers. For example, the Media Development Authority has jurisdiction to enforce competition law principles in respect of the activities of certain regulated entities.

Preview / Show more

Posted in: Trust Law, Media LawShow details

10 weird laws in Singapore that could Adventurous …

6 hours ago 10. Spitting in public. Penalty: <$1,000. Singapore is not a place for spitters. Reasonably, it’s illegal to spit in coffee shops and markets, but it’s also illegal on public roads, sideways and any other place that’s open to the public. If you break this law in Singapore, you’ll be slapped with a fine of up to $1,000.

Preview / Show more

Posted in: Law CommonsShow details

14 Singapore Laws You Should Know Before You Go …

7 hours ago Singapore is an extremely interesting and diverse country. For such a tiny little place, found at the tip of the Malay Peninsula, Singapore is overflowing with multi-cultural traditions, iconic attractions, a mixture of local and international cuisines, languages and suburbs, thousands of off-the-beaten-track islands and more gardens then you probably have time to visit.

Preview / Show more

Posted in: International LawShow details

Don't study law : singapore reddit

6 hours ago Don't. Do. It. Don't study law for the money. You've met enough lawyers already who earn big salaries without having time to spend them; lawyers who hit a mid-life crisis at 35, with an eye to a heart attack by 50. Also, don't study law because you hope to be powerful.

Preview / Show more

Posted in: Study LawShow details

Singapore Court of Appeal holds no setoff Lexology

3 hours ago The Singapore Court of Appeal in Koh Lin Yee v Terrestrial Pte Ltd and another appeal considered the point of law of whether a contractual clause excluding a right of set-off falls within the

Preview / Show more

Posted in: Contract LawShow details

Tackling law and jurisdiction in Asia deals Singapore

1 hours ago Transactional lawyers can spend a lot of time negotiating liability clauses, indemnities, warranties and termination rights. However, governing law and jurisdiction often ends up being a short debate towards the end of the negotiation about “home territory”, without clear justification on either side for a particular approach. Disputes lawyers can recall countless …

Preview / Show more

Posted in: Law CommonsShow details

Ask the Expert: 'Claw back' of Former HR Daily Advisor

3 hours ago In other cases, employees are paid the full signing bonus at hire and agree to pay the company back if they leave before their 1 year anniversary. For purposes of this answer, I will assume that you are looking to claw back a bonus that was paid in full at hire. It also isn’t clear if there was a written agreement with the employee providing

Preview / Show more

Posted in: Form LawShow details

Singapore: Laws To Know Before You Go GoAbroad.com

3 hours ago Singapore: Laws To Know Before You Go. Singapore is known for its impeccable cleanliness and low crime rate. The country has such a strong reputation for being safe that the authorities had to put out a warning stating that “low crime does not mean no crime,” reminding people to stay vigilant. But, as with most good things, the high regard

Preview / Show more

Posted in: Law CommonsShow details

Singapore High Court enforces Allen & Gledhill

6 hours ago 28 June 2018. Tan Kok Yong Steve v Itochu Singapore Pte Ltd [2018] SGHC 85. There is a common misconception that restrictive covenants in employment law (“Non-Competes”) are not enforceable.Under Singapore law, Non-Competes are prima facie unenforceable, unless the employer can prove that (i) they protect a legitimate interest of the …

Preview / Show more

Posted in: Employment LawShow details

Bonus Payments: Who Calls the Shots? Law Gazette

5 hours ago In Latham Scott v Credit Suisse First Boston (“Latham”), 5 the Singapore Court of Appeal held that, on a proper construction of a discretionary bonus clause in an employment contract, 6 the decision to grant a bonus lies entirely at the discretion of an employer and that, accordingly, an employee has no legal right to claim a discretionary

Preview / Show more

Posted in: Contract Law, Employment LawShow details

21 Weird Laws in Singapore NiceRightNow

1 hours ago But don’t take my work for it, check out the links to Singapore Statues websites. Chewing Gum in Singapore will land you a $100,000 fine or 2 years in jail. Mandatory Flushing of Public Toilets – $150 fine. Smoking in a Public Place – $150 fine. Spitting or Expelling Mucus From the Nose in Public – $1,000 fine.

Preview / Show more

Posted in: Law CommonsShow details

r/singapore Lawyers of /r/Singapore, Would you reddit

9 hours ago As for pay, the current base salary at a big 4 firm as a newly qualified lawyer is around $4,400 a month. Front-loaded bonus makes it about $5,400. The only issue is that hours are frequently 9am - 12am, and you will more likely than not be required to work weekends, especially for litigation lawyers.

Preview / Show more

Posted in: Law CommonsShow details

Singapore civil servant bonus 2019 AsiaOne

4 hours ago singapore civil servant year end bonus 2019 The civil service is known for their generous year end bonuses, but thanks to the slowing economy, 2019 is an exception.

Preview / Show more

Posted in: Civil LawShow details

Uncertain economic conditions theindependent.sg

4 hours ago Singapore—The majority of the country’s civil servants, who total around 85,000 in number, will be getting a year-end bonus that is at its lowest in …

Preview / Show more

Posted in: Civil LawShow details

The Singapore Law Gazette

21.086.4172 hours ago

1. Tort law is primarily fault-based – a defendant should be liable for his or her own actions but not those of others. Rigid adherence to this principle, however, can lead to unjust outcomes and leave innocent victims uncompensated. Hence, the law creates exceptions and imposes attributive liability through the concepts of vicarious liability, non-delegable duty or agency. This article focuses on vicarious liability. A decade of UK Supreme Court (UKSC) cases, most notably the trilogy of Various Claimants v Catholic Child Welfare Society1(2012) UKSC 56. (Christian Brothers), Cox v Ministry of Justice,2(2016) UKSC 10. and Armes v Nottinghamshire County Council,3(2017) UKSC 60. have left observers marvelling at the remarkable expansion of the ambit of vicarious liability. They appear to indicate that where the employer4In this area of law, the term ‘employer’ has been used loosely to describe the defendant who engaged another to do something for him, even though that other cannot properl...

Preview / Show more

Posted in: Law CommonsShow details

Singapore Court of Appeal declines to Allen & Gledhill

5 hours ago 28 March 2018. Benzline Auto Pte Ltd v Supercars Lorinser Pte Ltd & Anor [2018] SGCA 2. In Benzline Auto Pte Ltd v Supercars Lorinser Pte Ltd & Anor, the Singapore Court of Appeal ruled that a party who had paid a deposit in anticipation of concluding a contract which eventually failed to materialise was not entitled to a refund.. Facts. The case relates to …

Preview / Show more

Posted in: Contract LawShow details

The Law on Penalties in Singapore Law Gazette

5 hours ago The UK Supreme Court in Cavendish Square Holdings v El-Makdessi [2015] 3 WLR 1373 (“Cavendish”) expanded the traditional test for distinguishing between an enforceable liquidated damages clause and an unenforceable penalty clause.What this means for Singapore remains to be seen, although since Cavendish does not appear to represent a sea-change in the law, it may be that Singapore

Preview / Show more

Posted in: Sea LawShow details

Ch. 29 Land Law www.singaporelawwatch.sg

2 hours ago SECTION 1 INTRODUCTION 29.1.1 Land law in Singapore is based on English land law. English land law was received here together with other English law and doctrines by virtue of the Second Charter of Justice 1826. This provided for the English doctrines of tenure and estates and other real property concepts to apply in Singapore. It was, however, applied subject to such …

Preview / Show more

Posted in: Estate Law, Property LawShow details

Ch. 08 The Law of Contract www.singaporelawwatch.sg

3 hours ago SECTION 1 GENERAL APPLICATION A. Singapore contract law largely based on English contract law 8.1.1 Contract law in Singapore is largely based on the common law of contract in England. Hence, the rules developed in the Singapore courts do bear a very close resemblance to those developed under English common law. Indeed, where there is no Singapore

Preview / Show more

Posted in: Contract LawShow details

Can You Leave A Company If You Get A Bonus Law

3 hours ago Ask the Expert: 'Claw back' of Former Employee's Bonus. 3 hours ago Hrdailyadvisor.blr.com Show details . Signing bonuses can be a helpful tool when hiring employees in difficult job markets or to fill jobs requiring very specific skill sets. The biggest issue with a signing bonus is the one identified in your question, which is how to handle a situation where the employee …

Preview / Show more

Posted in: Form LawShow details

Unique and Often Misunderstood Laws in Culture Trip

2 hours ago Singapore is often associated with cleanliness and safety. On the other hand, many share the view that law enforcement in the country can be somewhat heavy-handed when it comes to maintaining those standards. It is true that there are a number of laws unique to Singapore, some of which are strictly enforced with prison time, fines and even caning.

Preview / Show more

Posted in: Law CommonsShow details

Discretionary and Guaranteed Bonuses in Lexology

3 hours ago Discretionary and Guaranteed Bonuses in Singapore Employment Law An employee’s right to receive a bonus varies depending on whether the bonus is a contractual or noncontractual entitlement

Preview / Show more

Posted in: Contract Law, Employment LawShow details

Singapore unveils major debt restructuring law reforms

21.086.4178 hours ago

1. Draft legislation unveiled The proposals include major changes to Singapore’s laws relating to schemes of arrangement, judicial management and cross border insolvency. These changes will significantly improve the legal framework for undertaking major debt restructurings in Singapore, and the ease with which non-Singapore companies can access these improved Singapore procedures. These changes will therefore be of interest to financial market participants and restructuring professionals throughout the Asia-Pacific region, both as a potential new tool for undertaking cross border restructurings and also as a model for potential law reforms in other jurisdictions. The draft legislation is the first phase in a series of forthcoming law reforms intended to implement recommendations made by the Insolvency Law Review Committee and the Committee to Strengthen Singapore as an International Centre for Debt Restructuring. The proposed amendments in this initial draft legislation include some of...

Preview / Show more

Posted in: Form LawShow details

Smuggling of Contraband Goods in Singapore I.R.B Law

21.086.4171 hours ago

Preview / Show more

Posted in: Law CommonsShow details

Singapore: High Court clarifies Employment notes

7 hours ago Singapore: High Court clarifies restraint of trade in employment contracts. On 18 April 2019, the Singapore High Court applied the Court of Appeal test in Man Financial and found that a non-compete clause was unreasonably wide due to its commercial, geographical and durational scope, and was therefore void as an illegal restraint of trade.

Preview / Show more

Posted in: Contract Law, Employment LawShow details

Clawback Corporate Finance Institute

5 hours ago Clawback is a provision under which money that’s already been paid out must be returned to the employer or the firm. This is a special contractual clause, used mostly in financial firms, for money paid for services to be returned under special circumstances or events as stated in the contract. Clawbacks involve a penalty, making them

Preview / Show more

Posted in: Contract Law, Corporate LawShow details

8 Singaporean Laws That Are Broken TheSmartLocal

6 hours ago Watching Money Heist might give the adrenaline rush of being a criminal, but most of us aren’t keen on winding up behind bars. After all, we’re law-abiding, good citizens who file our taxes and follow the rules. We won’t break any laws…or so we think. We’re not bank robbers or serial killers, but here are eight Singapore laws you might not know that may still land you …

Preview / Show more

Posted in: Criminal LawShow details

Singapore's Legal System Get to Know Singapore

21.086.4172 hours ago

1. The Chief Justice, who is appointed by the President, is the head of the Judiciary. The Judiciary is made up of the Supreme Court and the Subordinate Courts. The Supreme Court hears both civil and criminal matters and is separated into the Court of Appeal and the High Court. The Subordinate Courts consist of District Courts, Magistrates’ Courts, Juvenile Courts, Coroners’ Court and Small Claims Tribunals. A Senior District Judge overlooks the Subordinate Courts. It is important that you know which Court to approach when you are suing someone or are being sued.

Preview / Show more

Posted in: Law CommonsShow details

SMU Lexicon: The Protection of Asia Law Network

7 hours ago Authors: Lim Yin Hui & Dylan Mah, students at Singapore Management University School of Law (Class of 2019). This article was originally published on 6 September 2017 at SMU Lexicon.Due to space constraints, the appropriate citations can be found here. This article does not constitute legal advice or a legal opinion on any matter discussed and, accordingly, it …

Preview / Show more

Posted in: University LawShow details

Singapore employers told to be responsible when HR News

1 hours ago When combined, their total bonus this year is 1.55 months plus the one-off lump-sum payments, compared with 2.5 months plus lump-sum payments in the last two years. The current 1.55-month bonus is the lowest since the 2009 global financial crisis when Singapore suffered negative growth. – The Straits Times/Asia News Network. ©

Preview / Show more

Posted in: Law CommonsShow details

What is the dumbest law in Singapore? Quora

8 hours ago Answer (1 of 5): * Selling gum It is commonly mistaken that you can’t chew gum in Singapore. You can chew, you’re just not allowed to sell it. * Annoying someone with a musical instrument LOL * Flying a kite that interferes with public traffic What? * …

Preview / Show more

Posted in: Law CommonsShow details

FACTSHEET ONE SUPPORT FOR LAW FIRMS Ministry of Law

Just Now Singapore’s legal and accounting sectors should leverage the growth opportunities and capture the international demand for these services. This will grow high-value activities in Singapore, generate opportunities for Singapore-based law and accounting firms, and create good jobs for professionals in these sectors.

Preview "PDF/Adobe Acrobat"

Preview / Show more

Posted in: Support Law, International LawShow details

Validation of Payments Made by Companies Being Wound Up

3 hours ago General Rule: Payments Made by Companies After the Commencement of Winding up Are Void. Section 259 of the Companies Act states: “Any disposition of property of the company, including things in action, and any transfer of shares or alteration in the status of the members of the company made after the commencement of the winding-up by the

Preview / Show more

Posted in: Property LawShow details

8 Bizarre Singapore Laws That Will Land You A Trip Jaunt

2 hours ago However, in Singapore, failure to flush the toilet after use will result in an SGD$150 penalty on the spot. Just remember to keep the toilets clean, and you will be out of trouble. 7. Urinating In Elevators. Don’t even get started on doing your business out in the open. Number 7 on this list is urinating in elevators.

Preview / Show more

Posted in: Business LawShow details

Singapore Law firm and lawyer rankings The Legal 500

7 hours ago Singapore remains an important location for international and offshore law firms. Moreover, with its growing fintech and start-up community, it is attracting further investment from the legal community; Silicon Valley giant Cooley LLP launched a new Singapore office in 2020.

Preview / Show more

Posted in: International LawShow details

Bonuses Labour Guide

7 hours ago A performance bonus is normally paid for good performance, and should be based as a percentage of the employee’s salary or wages. A performance bonus can also be paid as a lump sum to a department, and split up in equal amounts to each employee in that department. This would apply in the situation where all employees in a particular

Preview / Show more

Posted in: Form LawShow details

What is a clawback? Business Insider

7 hours ago A clawback is a provision in which incentive-based pay, like a bonus, is taken back from an employee by an employer following misconduct or declining profits. Clawback clauses in contracts are on

Preview / Show more

Posted in: Business Law, Contract LawShow details

Sign Up Course Hero

6 hours ago The largest (and best) collection of online learning resources—guaranteed. Hundreds of expert tutors available 24/7. Get answers in as little as 15 minutes. Educators get free access to course content. Access syllabi, lecture content, assessments, and more from our network of college faculty. Neil Garg, Professor of Chemistry, University of

Preview / Show more

Posted in: University Law, Colleges LawShow details

Export.gov Singapore Trade Regulations

4 hours ago Trade Regulations, Customs and Standards. Singapore is generally a free port and an open economy. More than 99% of all imports into Singapore enter the country duty-free. For social and/or environmental reasons, Singapore levies high excise taxes on distilled spirits and wine, tobacco products, motor vehicles and petroleum products.

Preview / Show more

Posted in: Environmental LawShow details

Free Legal Documents, Forms & Contracts LawDepot

5 hours ago Free Legal Documents, Forms and Contracts. Print or download your customized legal document in 5-10 minutes. Create and customize the right documents for your personal or professional life. Residential Rental/Lease Agreement. Power of Attorney. Last Will and Testament.

Preview / Show more

Posted in: Form Law, Document LawShow details

Microsoft Services Agreement

9 hours ago 5. Using Third-Party Apps and Services. The Services may allow you to access or acquire products, services, websites, links, content, material, games, skills, integrations, bots or applications from independent third parties (companies or people who aren’t Microsoft) ("Third-Party Apps and Services").Many of our Services also help you find, make requests to, or …

Preview / Show more

Posted in: Services LawShow details

Filter Type: All Time Past 24 Hours Past Week Past monthFacebook Share Twitter Share LinkedIn Share Pinterest Share Reddit Share E-Mail Share

Please leave your comments here:

New Popular Law

Frequently Asked Questions

Do you get a clawback bonus in Singapore?

All signs are that we shouldn’t hold our breath. In Singapore, the right to clawback bonus or other remuneration is generally subject to the agreement between employer and employee.

Is the penalty clause unenforceable in Singapore?

A clause will be regarded as a penalty, and therefore unenforceable, if it is not a “genuine covenanted pre-estimate of damages”.1In Singapore, Dunlop remains good law, despite being more than a century old. It was most recently applied by the Court of Appeal in Xia Zhengyan v Geng Changqian(“Xia Zhengyan”).2

Which is the lowest annual bonus in Singapore?

When combined, their total bonus this year is 1.55 months plus the one-off lump-sum payments, compared with 2.5 months plus lump-sum payments in the last two years. The current 1.55-month bonus is the lowest since the 2009 global financial crisis when Singapore suffered negative growth.

Is the contract law in Singapore based on common law?

A. Singapore contract law largely based on English contract law 8.1.1 Contract law in Singapore is largely based on the common law of contract in England. Hence, the rules developed in the Singapore courts do bear a very close resemblance to those developed under English common law.

Most Popular Search