Singapore legislation
Section 122
Section 122
Modification of law of insolvency
Amended by9/201331/201740/2018
Despite anything to the contrary in this Act, the Companies Act 1967 and the Insolvency, Restructuring and Dissolution Act 2018 —
(a)
any sale, transfer, assignment or other disposition of any property or business of a pertinent financial institution pursuant to section 58 or 64 must not be reversed, repaid or set aside, except where a certificate has been issued under section 62 to reverse such sale, transfer, assignment or other disposition; and
(b)
no order may be made by any court for the rectification or stay of any such sale, transfer, assignment or other disposition.