Singapore legislation
Regulation 3
of Variable Capital Companies (Assignment of Proceeds of an Action) Regulations 2026
Regulation 3
Assignment of proceeds of relevant action in accordance with Regulations
A relevant insolvency practitioner may only assign proceeds of a relevant action under section 144(1)(g) of the IRDA (including section 144(1)(g) read with section 177(1)(a) of the IRDA) as applied by section 33(2) or 130 of the VCC Act in accordance with these Regulations.