SINGAPORE (Reuters) - Singapore construction firms are asking for advice about whether they have the option of invoking force majeure clauses in building contracts as the government turns away or quarantines Chinese labour to stop the spread of the coronavirus, lawyers told Reuters.
Singapore has an estimated $20-$24 billion (£15.3-£18.4 billion) of public and private sector building projects in the works this year - and any large impact on the sector, which is highly dependent on foreign labour, could help push the economy into recession.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
