Singapore | Singapore Court of Appeal Adopts UK Decision of Dunlop in Deciding That Payments Under Agreements Between Parties Are Unenforceable Penalties

In Ethoz Capital Ltd v Im8ex Pte Ltd and others [2023] SGCA 3, the Court of Appeal upheld the findings by the Judge of the General Division of the High Court, that the certain payments under agreements between the parties were unenforceable penalties.
 
In this update, Director Lin Shumin discusses the Court of Appeal decision, which followed the seminal decision of Dunlop Pneumatic Tyre Co, Ltd v New Garage and Motor Co, Ltd [1915] AC 79.

Please click here to read the update.