Singapore legislation
Regulation 178
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 178
Defect or irregularity in appointment or election of officeholders
Subregulation 1
No defect or irregularity in the appointment or election of a scheme manager, a receiver or manager, an interim judicial manager, a judicial manager, a liquidator, or a member of a committee of inspection (each called an officeholder) vitiates any act done by the officeholder in good faith.
Subregulation 2
In this rule —
Definition
“interim judicial manager” means an interim judicial manager appointed under section 92 of the Act;
Definition
“receiver or manager” means a person appointed as receiver or manager of the property (whether in Singapore or elsewhere) of a company or appointed as receiver or manager of the property in Singapore of a corporation under section 73(1) of the Act.