Singapore legislation

Regulation 5

of Insolvency, Restructuring and Dissolution (Prescribed Contracts under Section 440) Regulations 2020

Regulation 5

Prescribed contracts for purposes of section 440(5)(c) of Act

A contract that meets any of the following descriptions is prescribed for the purposes of section 440(5)(c) of the Act:

(a)

a contract for the supply of goods or services to the Government or a public body that are essential for the Government or the public body to carry out its functions;

(b)

a contract between the Government or a public body and another person for the provision by the person of one or more essential services;

(c)

a contract between the Monetary Authority of Singapore and another person that is essential for the Monetary Authority of Singapore to carry out its statutory functions.