April 12, 2024
Home Office Scheme
The Home Office Scheme in Singapore allows certain categories of businesses to operate from residential premises. It is administered by the Urban Redevelopment Authority (URA) and is designed…
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April 12, 2024
GIRO
GIRO stands for “General Interbank Recurring Order.” It is a payment service commonly used in Singapore and some other countries. It allows individuals and businesses to make regular,…
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Consideration
The principle of consideration is a fundamental concept in contract law that requires each party to an agreement to offer something of value in exchange for receiving a…
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Holding Company
In Singapore, a holding company is a type of business entity whose primary purpose is to own shares in other companies, which are referred to as its subsidiaries.…
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April 12, 2024
Charge
In company law, a “charge” refers to a form of security interest granted over an asset or set of assets by a company (the chargor) to a lender…
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Charitable Trust
A charitable trust is a legal entity created to advance charitable causes or benefit the public. It is formed when a settlor (the person establishing the trust) transfers…
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Indemnity
Indemnity is a legal concept that involves one party agreeing to compensate another for the harm or loss that they have suffered or might suffer in the future,…
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Fiduciary Duties
Fiduciary duties refer to the highest standard of care imposed by law or equity on individuals who manage the assets or interests of others. These duties are entrusted…
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April 12, 2024
Minority Shareholder
A minority shareholder is an individual or entity that holds a minority stake in a company, meaning they own less than 50% of the total outstanding shares of…
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Memorandum of Understanding
A Memorandum of Understanding (MOU) is a document that outlines the terms and details of an agreement or understanding between two or more parties. It is a formal,…
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