Singapore legislation
Regulation 28
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 28
Proxy-holder with financial interest
Subregulation 1
No person acting under either a general or a special proxy may vote in favour of any resolution at any meeting of creditors under this Division if the resolution would directly or indirectly place the person or the person’s partner or employer in a position to receive any remuneration out of the estate of the bankrupt otherwise than as a creditor rateably with the other creditors of the bankrupt.
Subregulation 2
For the purposes of paragraph (1), a person is a partner of another person if a partnership within the meaning of sections 1 and 2 of the Partnership Act (Cap. 391) subsists between them.