Civil Law Act (Cap. 43): Primary legislation governing assignments in Singapore, particularly sections dealing with assignment of rights and claims, and requirements for valid assignments. Section 4(8) specifically addresses legal and equitable assignments.
Contract Act (Cap. 53): Fundamental legislation governing contract formation, validity, and consideration requirements, incorporating common law principles from English law applicable to assignment agreements.
Limitation Act (Cap. 163): Sets out time limits for enforcing claims and their impact on assigned claims, crucial for determining validity and enforceability of the assigned rights.
Companies Act (Cap. 50): Regulates corporate capacity to assign claims and related registration requirements when parties to the assignment are companies.
Stamp Duties Act (Cap. 312): Stipulates requirements for stamp duty on assignment documents, including timing and payment obligations for legal validity of the assignment.
Banking Act (Cap. 19): Contains specific restrictions and requirements for assignment of banking-related rights and claims.
Personal Data Protection Act 2012: Governs the transfer of personal data that may be involved in the assignment, ensuring compliance with data protection requirements.
Notice Requirements: Legal requirements for notifying relevant parties, particularly the debtor, about the assignment to ensure its effectiveness.
Form Requirements: Specific requirements regarding writing, execution, and formal documentation of the assignment agreement.
Assignment Restrictions: Limitations and restrictions on what types of claims can be assigned and under what circumstances.
Rights and Obligations Framework: Legal framework defining the rights, obligations, warranties, and representations of both assignor and assignee in the assignment relationship.
