Singapore legislation
Section 71
Section 71
Date and effect of prohibition orders
Amended by1/20091/2009
(1)
A prohibition order, or any variation or revocation of a prohibition order, takes effect on the date specified in the order by the Authority.
Amended by1/2009
(2)
A prohibition order does not operate so as to —
(a)
avoid or affect any agreement, transaction or arrangement entered into by the person against whom the order is made, whether the agreement, transaction or arrangement was entered into before, on or after the issue of the prohibition order; or
(b)
affect any right, obligation or liability arising under any such agreement, transaction or arrangement.[62
Amended by1/2009