Singapore legislation
Regulation 147
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 147
Assessment of costs, charges or expenses payable by liquidator
Subregulation 1
Every solicitor, manager, accountant, auctioneer, broker or other person employed or engaged by a liquidator in a winding up must, on request by the liquidator, deliver the person’s bill of costs, charges or expenses to the Registrar for the purpose of assessment.
Subregulation 2
The request by the liquidator must be —
made a sufficient time before the declaration of a dividend by the liquidator; and
in Form CIR-52.
Subregulation 3
If a person does not deliver the person’s bill of costs, charges or expenses to the Registrar for the purpose of assessment before the time stated in the request by the liquidator or such extended time as the Registrar may allow —
the liquidator must declare and distribute the dividend without regard to the person’s claim; and
subject to any order of the Court, the person’s claim is forfeited.