The Bar Council Corporate and Commercial Law Committee, in collaboration with the University of Malaya and the Legal Affairs Division under the Prime Minister's Department, is organising a seminar entitled "Contract Law Reform: Privity of Contract and Third Party Rights Lessons from Reform Initiatives". The seminar is part of the Committee’s initiative in charting out issues for contract law reform. The Contract (Rights of Third Parties) Act 2001 ("CRTPA") was enacted in Singapore shortly after the United Kingdom introduced its statutory reforms to the common law privity rule. While the statute does not abolish the privity rule, it does create a new legislative exception to the privity rule to give contracting parties the ability to confidently confer legally enforceable rights upon interested third parties. This seminar will present an overview of the key features of the CRTPA and explain how it operates to balance the interests of promisors, promisees, and third parties to a contract. The seminar will feature experienced speakers on this subject matter who will highlight the need for reform for Malaysia and evaluate the Singapore experience.
In order to complete this module successfully, ensure that you watch at least 75% of the video in a single session and achieve a minimum score of 100% on the quiz. Upon successful completion of the module, you will receive 2 CPD points.It's important to remember that you can pause the video and resume it later if needed. However, if you close the browser before reaching the passing point in the video, you'll be required to restart the video from the beginning.