Course

[16 Jul 25] Primer and legal developments on the Security of Payment Act (SOPA)

OVERVIEW     

Amidst intensifying competition and evolving regulations, understanding the latest amendments to the Building and Construction (Security of Payment) Act is crucial for developers.

This session offers vital insights into recent legal changes impacting project cashflow management. Gain expert knowledge on navigating complex payment processes and protecting your interests in adjudications.

Through real-world case studies, you'll learn strategies to optimize financial operations across diverse project scales. The course covers effective techniques for handling payment claims and responses, essential for minimizing disputes and maintaining healthy cashflow.

By attending, you'll acquire practical tools to mitigate risks, and maintain a competitive edge in Singapore's dynamic real estate market.

TOPICS COVERED

• SOP Act overview and recent amendments
• Analysis of latest case law developments
• Section 17(3) of the SOP Act: Implications for setoff in complex claims
• Financial considerations upon construction contract termination
• Best practices for preparing payment claims
• Effective strategies for drafting payment responses
• Options for reviewing or setting aside adjudication determinations

LEARNING OUTCOMES

• Understand the structure of the SOP Act and its practical implementation.
• Instill good discipline in the preparation of payment claims and payment responses.
• Understand the applicable deadlines for payment claims and payment responses under the SOP Act
• Understand the types of claims which can be rejected or allowed
• Appreciate the adjudication process once an adjudication application is filed
• Gain knowledge of typical defenses and arguments raised in such matters.

TARGET AUDIENCES

• Property developers
• Architects
• Contractors
• Project managers / Consultants
• Quantity surveyors
•  Finance personnel in real estate development field

KNOWLEDGE PARTNER

Mr Kelvin Kek, Partner, Allen & Gledhill LLP

Kelvin is a Litigation & Dispute Resolution Partner at Allen & Gledhill.  He is a specialist in construction law, accredited by the Singapore Academy of law. Kelvin is an adjudicator for disputes under the SOP Act within the panel administrated by the Singapore Mediation Centre (SMC).  He is also a SMC accredited mediator.  Kelvin graduated with First Class Honours in law from the National University of Singapore and also holds a first degree in Electrical & Electronic Engineering. 

• Requests sent in at least 2 weeks before commencement: 50% of course fee refunded.
• Requests sent in less than 2 weeks before commencement: No refund, full course fee payable.

Ticket Information