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Singapore
considerationvariation
Ma Hongjin v SCP Holdings Pte Ltd
Ma Hongjin v SCP Holdings Pte Ltd [2020] SGCA 106 (Singapore Court of Appeal, NOT the Privy Council; case concerns the doctrine of consideration, not a BVI unfair-prejudice buyout)
Key Principle
Consideration remains a requirement for a binding variation of a contract under Singapore law; while parties may in principle prospectively agree to dispense with the need for consideration for future variations, such an agreement must be clearly made out, and absent it a purported variation imposing additional obligations is unenforceable for want of consideration.
Area of Law
company
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