Singapore legislation

Regulation 148

of Insolvency, Restructuring and Dissolution (Personal Insolvency) Rules 2020

Regulation 148

Award of costs

Amended byS 196/2022 wef 01/04/2022S 196/2022 wef 01/04/2022S 196/2022 wef 01/04/2022

Subregulation 1

Amended byS 196/2022 wef 01/04/2022S 196/2022 wef 01/04/2022

When awarding costs of any matter or application under Part 3 or Parts 13 to 22 of the Act or these Rules, the Court may —

(a)

direct that the costs be assessed on the standard basis or on the indemnity basis; or

(b)

fix a sum to be paid in lieu of assessed costs.

Subregulation 2

Amended byS 196/2022 wef 01/04/2022

Unless the Court otherwise directs, the costs of an opposed application under Part 3 or Parts 13 to 22 of the Act or these Rules are to follow the event and are to be assessed on the standard basis.

Subregulation 3

Where an action is brought against the Official Assignee or a trustee in bankruptcy as representing the estate of a bankrupt or debtor, or where the Official Assignee or the trustee in bankruptcy is made party to any proceedings on the application of any other party to the proceedings, the Official Assignee or the trustee in bankruptcy is not personally liable for costs.