Singapore legislation
Regulation 16
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 16
Saving and transitional provisions for amendment of Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act
Subregulation 1
Despite section 466(a) and (b) of the Act, section 12(6)(a) and (b) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A) as in force immediately before 30 July 2020 continues to apply to or in relation to a confiscation order made before that date.
Subregulation 2
Despite section 466(c), (d), (e) and (f) of the Act, section 23(1), (2) and (3) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act as in force immediately before 30 July 2020 continues to apply to or in relation to the property of any person who is adjudged bankrupt pursuant to a bankruptcy application made before that date.
Subregulation 3
Despite section 466(d) and (g) of the Act, section 23(5) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act as in force immediately before 30 July 2020 continues to apply to or in relation to any property of a debtor in respect of which an interim receiver is appointed under section 73 of the Bankruptcy Act arising from a bankruptcy application made before that date.
Subregulation 4
Despite section 466(h) of the Act, section 23(6) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act as in force immediately before 30 July 2020 continues to apply to or in relation to any confiscation order made against a person who is adjudged bankrupt arising from a bankruptcy application made before that date.
Subregulation 5
Despite section 466(i) and (j) of the Act, section 24(3) and (5) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act as in force immediately before 30 July 2020 continues to apply to or in relation to the exercise of the powers mentioned in section 24(2) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act in relation to the property of any company that is wound up pursuant to —
an order for winding up of the company made under section 216(2)(f) of the Companies Act before that date;
an application for winding up made under section 253 of the Companies Act before that date;
an application made before that date for the winding up of an unregistered company under section 351 of the Companies Act;
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date;
an application for winding up arising from a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date; or
an application for winding up arising from an application made before that date for recognition of a foreign proceeding under Article 15(1) of the Tenth Schedule to the Companies Act.