Limitation Act 1959: Governs time limits for making claims, typically 6 years for contract claims. Essential to ensure the demand is made within the statutory limitation period.
Contract Act (Cap. 53): Primary legislation governing contract law in Singapore, including common law principles. Ensures the underlying debt or obligation is legally enforceable.
Banking Act (Cap. 19): Regulates banking transactions and financial institutions. Relevant when the debt involves banking transactions and ensures compliance with banking regulations for payment demands.
Insolvency, Restructuring and Dissolution Act 2018: Governs insolvency proceedings and debt restructuring. Important to ensure demand doesn't violate any ongoing insolvency proceedings or restrictions.
Rules of Court 2021: Sets out procedural requirements for legal notices and proceedings. Provides guidance on proper format for legal notices and requirements for potential legal proceedings.
Consumer Protection (Fair Trading) Act: Protects consumer rights and ensures fair trading practices. Particularly relevant if the debt involves consumer transactions and ensures fair practices in debt collection.
Mental Capacity Act: Protects individuals with mental capacity issues. Provides special requirements when dealing with protected persons in financial matters.
Companies Act (Cap. 50): Regulates corporate entities and their operations. Essential when dealing with corporate entities and ensuring proper addressing of demands to companies.
Moneylenders Act: Regulates moneylending activities and licensed moneylenders. Ensures compliance with specific regulations if the debt involves licensed moneylenders.
