Singapore legislation
Section 34
Section 34
Special provisions relating to non-resident principal
(1)
When any fine is imposed on an agent who is or has been licensed under this Act to carry on a moneylending business on behalf of a principal not resident in Singapore, the fine, if it has been imposed in respect of an offence under this Act committed by the agent in the course of carrying on the business shall, unless the court imposing the fine otherwise directs, be recoverable out of the property situate in Singapore belonging to the principal as well as out of the property belonging to the agent and any such property of the principal may be taken in execution and sold under any warrant issued against the agent for the levy of the amount of the fine.
(2)
When it is made to appear to any court by any person entitled to make an application under section 22 that any transaction entered into with a moneylender not resident in Singapore prima facie ought to be reopened, the court may —
issue an order of attachment attaching any property of the moneylender situate within Singapore until such time as the moneylender submits to the jurisdiction of the court and gives security to the satisfaction of the court that any order made against him for repayment of any sum or for an indemnity will be duly satisfied; and
authorise the service out of the jurisdiction of any summons or other process applying for the reopening of the transaction under section 22.