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Frequently Asked Questions

What if the other party refuses to perform the contract?

You may be entitled to claim damages, terminate the contract, or seek an injunction. Legal advice is essential.

Can I recover legal costs in a contract dispute?

Yes, in many cases. Courts often award costs to the successful party, especially if terms are clearly breached.

Is it possible to preserve the business relationship after a dispute?

Yes. Lawyers can help structure resolutions that avoid long-term damage and allow ongoing cooperation.

What happens if a company fails to comply with Singapore’s regulatory requirements?

Non-compliance can lead to fines, prosecution, license suspension, and reputational harm. Early legal intervention can reduce risk.

Do small businesses need compliance support?

Yes. All companies, regardless of size, must meet statutory obligations and sector-specific rules.

How often should compliance policies be updated?

At least annually, or whenever there are legislative updates or changes in business operations.

Can a lawyer help respond to a regulatory investigation or audit?

Absolutely. Legal guidance is critical when engaging with regulators to ensure accurate reporting and minimal liability.

What is the difference between a share purchase and an asset purchase?

In a share purchase, the buyer acquires ownership of the company as a whole. In an asset purchase, only selected assets and liabilities are transferred.

Do all M&A deals require Competition Commission approval?

Not all, but certain transactions that may reduce competition in Singapore markets may require clearance under the Competition Act.

Can I structure a deal to limit liability exposure?

Yes. Your lawyer can structure indemnities, warranties, and escrows to mitigate risks.

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