Singapore legislation

Regulation 153

of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020

Regulation 153

Certificate as to special terms of remuneration, etc.

Amended byS 195/2022 wef 01/04/2022

Where the bill of costs, charges or expenses of any solicitor, manager, accountant, auctioneer, broker or other person employed or engaged by a liquidator in the winding up of a company is payable out of the assets of the company, the following must be produced to the Registrar on the assessment of the bill:

(a)

a certificate in writing signed by the liquidator and setting forth any special terms of remuneration which have been agreed to; (b)in the case of the bill of costs of a solicitor, a copy of the resolution or other authority sanctioning the employment of the solicitor.