46. Meaning and effect of special administration order

for securing one or more of the purposes of such an order set out in subsection (2); and

in a manner which protects the respective interests of the shareholders and the creditors of the licensee.

the security and reliability of the supply of telecommunication services in Singapore;

the survival of the specified telecommunication licensee, or the whole or any part of its business or undertaking, as a going concern;

the transfer to another person, or (as respects different parts of its business or undertaking) to 2 or more different persons, as a going concern, of so much of the specified telecommunication licensee’s business or undertaking as it is necessary to transfer in order to ensure that the functions and duties which have been vested in the licensee by virtue of its licence may be properly carried out; and

the carrying out of the functions and duties vested in the specified telecommunication licensee, pending the making of the transfer and the vesting of those functions and duties in any other person or persons.

regulations governing the transfer of a specified telecommunication licensee’s business or undertaking mentioned in subsection (2)(c); and

where a special administration order is made, regulations for applying, omitting or modifying the provisions of Parts 7 and 9 of the Insolvency, Restructuring and Dissolution Act 2018.[32I