Singapore legislation
Regulation 172
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 172
Application of this Part
This Part applies to an officeholder of a company in judicial management or insolvent winding up, if at least 2 of the following conditions are satisfied:
the remuneration and expenses of the officeholder in performing his or her functions as the judicial manager or liquidator (as the case may be) of the company are estimated by the officeholder to exceed $300,000;
the amount of the debt of the company is estimated by the officeholder to exceed $20 million; (c)the securities of the company are listed on the Singapore Exchange Securities Trading Limited (whether on the Mainboard or Catalist) or the Singapore Exchange Derivatives Trading Limited.