Singapore legislation
Regulation 12
of Insolvency, Restructuring and Dissolution (Court-Ordered Winding Up) Regulations 2020
Regulation 12
Prescribed rate of interest under section 222 of Act
Amended byS 266/2022 wef 01/04/2022
For the purposes of section 222(1) and (2)(b)(ii) of the Act, in an insolvent winding up of a company, the prescribed rate of interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court 2021 (G.N. No. S 914/2021) for the time being in force.