Singapore legislation

Regulation 20

Fees, costs, charges and expenses of voluntary arrangement

The fees, costs, charges and expenses that a nominee may incur in connection with a voluntary arrangement are —

(a)

any disbursements made by the nominee prior to the approval of the nominee’s appointment;

(b)

any remuneration for the services of the nominee as agreed between the nominee and the debtor in question; and

(c)

any fees, costs, charges or expenses which —

(i)

are sanctioned by the terms of the voluntary arrangement; or

(ii)

would be payable, or correspond to those which would be payable, in the event of the debtor’s bankruptcy.