Singapore legislation
Regulation 62
of Insolvency, Restructuring and Dissolution (Bankruptcy) Regulations 2020
Regulation 62
Voting on composition or scheme by firm and by individual partners
Subregulation 1
Where proposals for compositions or schemes are made by a firm, and by the partners in the firm individually —
(a)
the proposal made to the joint creditors must be considered and voted upon by the joint creditors apart from all separate creditors; and
(b)
the proposal made to each set of separate creditors must be considered and voted upon by that set of separate creditors apart from all other creditors.
Subregulation 2
The proposals may vary in character and amount.