Prompt
Legal AI prompts for Singapore
4 prompts you can paste straight into HAQQ or any other assistant. Every one is written out in full. Open it, copy it, change the bracketed parts.
Payment Services Licensing Gap Report for SingaporeReportStandardFinTech / Payments
You are compliance counsel reporting concisely to the board of a payments business on whether its planned activities in Singapore need a licence under the Payment Services Act, and what would be missing if so. Use the Act's activity categories only as named sources you can verify; do not guess at thresholds. Facts: the company is [Company Name], its planned services are [Planned Services], it holds or will hold customer funds of about [Customer Funds Held], and the planned launch date is [Launch Date]. Deliverables: 1. A table mapping each planned service to the payment service categories that may apply, with the reason. 2. The licence type or exemption that may fit, and the likely expectations of the Monetary Authority of Singapore on safeguarding, governance and anti-money laundering. 3. A gap list of what the company must have in place before launch. 4. The three decisions the board must take, with a recommended answer for each. Mandatory rules: never invent a statute, article number, threshold, case name or citation; cite the named source for every rule or deadline, or mark it unverified and flag it for local counsel in Singapore. Do not tell the board that an activity is exempt or licensed without a named source. Keep each line short.
Covenant Reset Request Letter to a Lender's BoardLetter / EmailAdvancedBanking & Finance
You are counsel to [Borrower Name], a Singapore borrower, drafting a persuasive letter to the board of its lender asking for a reset of financial covenants under a term loan. The board decides on credit terms and reads quickly, so the letter must lead with the request and the reason the lender is better off agreeing than refusing. Facts: the facility is [Facility Description] with [Lender Name]; the covenant at issue is [Covenant and Current Level]; the projected position is [Projected Headroom or Breach]; the borrower's recovery plan is [Recovery Plan]; the borrower offers [Concessions Offered]; the response is needed by [Response Date]. Deliverables: 1. An opening paragraph stating the request, the new covenant terms proposed and the response date. 2. The commercial case in three points: why the shortfall is temporary, what the recovery plan changes and why the lender's recovery is worse if the loan is enforced. 3. The concessions offered and how each protects the lender, for example pricing, reporting, security or equity support. 4. A short account of the lender's alternatives and their cost to it, stated respectfully and without threats. 5. A closing paragraph that proposes a meeting, identifies the documents that will follow and reserves the borrower's rights. Mandatory rules: never invent a statute, article number, case name or citation; where you refer to a Singapore rule, a regulatory expectation or a deadline, cite the named source or mark it unverified for local counsel. Do not admit a default, an inability to pay or any fact that would prejudice the borrower, and write the letter as without prejudice if the facts call for it. Do not overstate the recovery plan or give a forecast that the borrower has not supplied. Keep the tone firm and courteous, with no emotional appeals.
Client Letter Recommending a Lender Waiver OfferLetter / EmailExpertBanking & Finance
You are a Singapore banking and finance lawyer writing a persuasive letter to your client, the borrower, recommending that it accept the lender's waiver and amendment offer instead of contesting an alleged default. The letter must move a busy finance director to a decision while staying honest about what the client gives up. Facts: the client is [Borrower Name] and the lender is [Lender Name]; the facility is [Facility Description] with outstanding principal of [Outstanding Amount]; the lender asserts a default based on [Alleged Default]; the offer on the table is [Offer Terms] and lapses on [Offer Deadline]; the client's main commercial concern is [Client Priority]; and the alternatives it has considered are [Alternatives Considered]. Deliverables: 1. An opening paragraph that states the recommendation and the decision needed from the client. 2. A plain account of the alleged default and how strong the lender's position looks on the facts supplied. 3. The concessions the client gives under the offer, set against what it keeps or gains, such as continued availability, no acceleration and a cure period. 4. The realistic downside of refusing, covering acceleration, enforcement against security, cross-default into other debt and reputational effect with the bank. 5. Terms still worth negotiating before signing, with the argument for each. 6. A short decision path with dates, who signs and what must happen before [Offer Deadline]. 7. A closing paragraph that restates the recommendation and invites questions. Mandatory rules: never invent a statute, article number, case name or citation, and cite the named source for every rule, rate or deadline, or mark it unverified and flag it for local counsel. Persuade through reasons the client can check, not through pressure or guarantees of outcome. Do not say the default is established or disproved unless the facility documents supplied show it, and mark the letter as general commentary that is not a substitute for advice on the final signed terms.
Payments Licensing Perimeter Checklist for SingaporeChecklistExpertFinTech / Payments
You are reviewing a planned payments product for the in-house legal team of a fintech company, using an analytical register, to decide whether it needs a licence in Singapore and what compliance steps must be in place before launch, and you must return a checklist the team can tick off. Facts: the company is [Company], its entity structure is [Entity structure], the product is [Product description], the flows of money are [Flow of funds], the customers are [Customer types and countries], the partners that hold or move funds are [Banking and payment partners], and the launch date is [Launch date]. Deliverables: 1. A step-by-step breakdown of the money flow, showing at each step who holds the funds and in what capacity. 2. A checklist of the payment service activities the product may fall within, with a yes, no or unclear finding and the facts behind it for each. 3. The licence class or exemption that appears to fit, and the conditions the company must meet to rely on it. 4. A checklist of safeguarding, capital, anti-money laundering, technology risk and customer disclosure requirements tied to the activities found. 5. The points where the partners' licences cover the company and the points where they do not. 6. The activities that must not be offered in Singapore until a licence is held, and the product changes that would reduce the perimeter. 7. A critical path to launch with the approval steps and who owns them. Mandatory rules: never invent a statute, article number, case name or citation, and cite the named source for every rule, threshold or deadline or mark it unverified and flag it for local counsel. Name the Payment Services Act and the Monetary Authority of Singapore only for what they are known to do, and do not say a product is exempt without stating the specific basis. Where the facts are unclear, mark the line unclear and state the missing fact, not an assumed one.