Singapore legislation
Clause 16
Clause 16
Amendment of section 38
Section 38(1) of the principal Act is amended by deleting paragraph (b) and substituting the following paragraph:“(b)in a case to which this Part applies, also make a determination —
whether it is just and equitable in the circumstances of the case for a prescribed obligation or prescribed right under the affected contract to be performed or exercised in a manner other than in accordance with the terms of the contract, and if so that the obligation or right is to be performed or exercised in the manner determined by the assessor; or
whether it is just and equitable in the circumstances of the case for a prescribed term in the affected contract to be varied, or for a party to the contract to be released or discharged from that term, and if so that the term is to be varied in the manner determined by the assessor, or the party is to be released or discharged from that term, as the case may be.”.