Singapore legislation
Regulation 48
of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020
Regulation 48
Restriction on purchase of goods by liquidator
Where the liquidator carries on the business of the company, the liquidator must not, except with the sanction of the Court, enter into a transaction to purchase any goods from any person for the carrying on of that business, if the liquidator would obtain any portion of the profit (if any) received by that person from the transaction.