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Landmark ruling on performance bonds in building contracts

Developer's call on S$7.7m bond after ending contractor's services upheld
Tuesday, April 28, 2015 - 05:50
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Property developers can now make it harder for contractors to seek an injunction against calls for unconditional performance bonds used in building works contracts following a landmark ruling by the Court of Appeal.

Singapore

PROPERTY developers can now make it harder for contractors to seek an injunction against calls for unconditional performance bonds used in building works contracts following a landmark ruling by the Court of Appeal.

Conditional or unconditional performance bonds are

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