Singapore legislation

Regulation 154

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

Regulation 154

Liquidator’s charges

Subregulation 1

Where a liquidator or special manager in a winding up receives remuneration for the services of the liquidator or special manager as such, no payment is to be allowed on the account of the liquidator or special manager in respect of the performance by any other person of the ordinary duties which are required by the Act, these Rules or the regulations to be performed by the liquidator or special manager, as the case may be.

Subregulation 2

Where a liquidator is a solicitor, the liquidator may contract that the remuneration for his or her services as liquidator includes all professional services.