Singapore legislation
Section 81H
Section 81H
Adjustment of prior transactions
(1)
No order may be made, on or after 1 August 2013, in relation to any matter to which this section applies, by a court under any of the following provisions in any proceedings, whether instituted before, on or after 1 August 2013:section 224, 225, 228, 361, 362, 366 or 438 of the Insolvency, Restructuring and Dissolution Act 2018.
(2)
The matters to which this section applies are as follows:
a market contract;
a disposition of property pursuant to a market contract;
the provision of market collateral;
a contract effected by an approved clearing house, or a recognised clearing house, for the purpose of realising property provided as market collateral;
a disposition of property in accordance with the business rules of an approved clearing house, or a recognised clearing house, relating to the application of property provided as market collateral;
a disposition of property as a result of which the property becomes subject to a market charge, or any transaction pursuant to which that disposition is made;
a disposition of property for the purpose of enforcing a market charge;
a market charge;
any default proceedings.