Singapore legislation
Section 9
of Payment and Settlement Systems (Finality and Netting) Act 2002
Section 9
Disclaimer of property, restriction on dispositions of property, etc.
Amended by4/201840/2018
Without limiting section 8 —
(a)
sections 230, 231, 373 and 374 of the Insolvency, Restructuring and Dissolution Act 2018 do not apply to a transfer order; (b)sections 130(1) and 328 of the Insolvency, Restructuring and Dissolution Act 2018 do not apply to a transfer order or any disposition of property pursuant to the order; and
(c)
a court must not make an order under section 66 of the Insolvency, Restructuring and Dissolution Act 2018 in relation to any disposition of property pursuant to a transfer order.