Clause 253
Interaction with Singapore insolvency law
of Insolvency, Restructuring and Dissolution Bill
BillNot in forceProvision 253 of 531
Clause 253
(1)
Singapore insolvency law applies with such modifications as the context requires for the purpose of giving effect to this Part and the Third Schedule.
(2)
This Part and the Third Schedule do not derogate from the operation of section 250.
(3)
In this section, “Singapore insolvency law” has the same meaning as in Article 2(k) of the Third Schedule.