1. SLR(R) 574 at [75]) that a 25% deposit amounted to a penalty, not on the basis that the penalty rules did not apply, but on the basis it was not a penalty on the facts;overruling the finding of the High Court,1991
2. If the deposit amount is excessive it will also be caught by the law of penalty;Triangle Auto Pte Ltd v Zheng Zi Construction Pte Ltd,2000