Singapore legislation
Regulation 51
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 51
Prescribed rate of interest under section 356(1) and (2)(b)(ii) of Act
For the purposes of section 356(1) and (2)(b)(ii) of the Act, the prescribed rate of interest for interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court for the time being in force.