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Easing of Circuit Breaker measures and next steps for the Projects and Construction industry in Singapore
With the outbreak of COVID-19, countries around the world have imposed lockdowns and curfews in one form or another. In Singapore, “Circuit Breaker” restrictions and measures were also imposed in response to the pandemic. To aid businesses, the government enacted the COVID-19 (Temporary Measures) Act 2020 (the “Act”) when the Circuit Breaker measures were put in place in Singapore on 7 April 2020.
We are very pleased to once again be a global partner of Dive in, the international festival for diversity and inclusion in insurance.
Kennedys has continued its growth in the United States with the opening of its first West Coast office, in San Francisco, and the addition of a four-partner team.
The Court of Appeal in Singapore recently released its judgment in Shimizu Corporation v Stargood Construction Pte Ltd  SGCA 37 (“Shimizu CA”).
In a landmark decision concerning the jurisprudence and applicability of the Building and Construction industry Security of Payment Act Cap 30B (“SOP Act”, interchangeably the “Act”), the Court of Appeal in Shimizu CA handed down binding new developments that are of high relevance to local developers and builders, as well as to international contractors based in, or are involved in projects seated in Singapore.
We are delighted to confirm the promotion of thirteen lawyers to our partnership across practice areas including commercial, employment and healthcare, as well as specialist areas of insurance and liability that include cyber, property and construction, professional liability, travel, abuse and fraud. Eight of those promoted are based in the UK, with four in the US and one in Australia. Our worldwide partner count is now 264.
Potential implications of COVID-19 for the Singapore political risk and trade credit market, and initial steps for insurers
The rapid spread of the coronavirus (COVID-19) has led to widespread disruption of global trade and business operations. Government actions to contain the spread of COVID-19 are challenging businesses’ ability to fulfill their contractual obligations. The pandemic is likely to have particular repercussions for underwriters of political risk and trade credit insurance. Most industries will be negatively impacted by COVID-19, and the effects will be exacerbated as the severity and length of the pandemic persists.
The Australian Government has recently announced temporary changes to foreign investment review processes during the COVID-19 pandemic, under which all foreign acquisitions and significant investments in Australian businesses will require government approval.
We are pleased to announce that we have appointed Fernando Hurtado de Mendoza as a partner and Kodiak Semsch as a senior associate to our office in Lima as we continue to build a heavyweight practice in Peru. Fernando’s practice is split between aviation, corporate and insurance work. He moves from Rodrigo Elias y Medrano, the largest law firm in the country, and is immediately joined by associate Alejandra Vicuna. Kodiak, who will join the team later this month as the head of our Lima office’s litigation practice, is a dispute resolution specialist. He was formerly a litigation partner at Osterling Abogados.
The World Organisation (WHO) has now upgraded the status of the Covid-19 outbreak from epidemic to pandemic. It is a global health threat and is causing unprecedented disruption.