Singapore legislation
Regulation 5
of Insolvency, Restructuring and Dissolution (Simplified Debt Restructuring) Regulations 2021
Regulation 5
Prescribed arrangements and proceedings under section 72K(2) of Act
Subregulation 1
A security interest arrangement is an arrangement prescribed for the purposes of section 72K(2)(a) of the Act.
Subregulation 2
Admiralty proceedings are proceedings prescribed for the purposes of section 72K(2)(b) of the Act.
Subregulation 3
In this regulation, “admiralty proceedings” and “security interest arrangement” have the meanings given by regulation 2 of the Insolvency, Restructuring and Dissolution (Prescribed Arrangements and Proceedings) Regulations 2020 (G.N. No. S 615/2020).