Singapore legislation
Regulation 6
of Insolvency, Restructuring and Dissolution (Voluntary Arrangements) Regulations 2020
Regulation 6
Notice of proposal
Subregulation 1
A debtor making a proposal must give the intended nominee written notice of the proposal.
Subregulation 2
The notice must be accompanied by a copy of the proposal and delivered to —
the person intended by the debtor to be appointed as nominee under the proposal (called in this regulation the intended nominee); or
a person authorised to take delivery of documents on behalf of the intended nominee.
Subregulation 3
If the intended nominee agrees to act, he or she must —
endorse on a copy of the notice that —
the notice was received by him or her on a specified date; and
he or she agrees to act; and
return that copy of the notice immediately to the debtor at the address specified by the debtor in the notice for that purpose.