15 questions
Insolvency Practitioners
What are the functions/roles of the Licensing Officer?
Can the Licensing Officer provide legal advice for corporate and individual insolvency matters?
Am I required to hold an insolvency practitioner's licence to be appointed to act in cases commenced under the Insolvency Restructuring and Dissolution Act 2018 (“the Act”)?
What are the criteria that must be fulfilled in order to be eligible to hold an insolvency practitioner's licence?
How do I apply for an insolvency practitioner's licence?
What are the documents that must be submitted in support of my licence application?
Are appointments in members' voluntary winding up or schemes of arrangement cases considered as relevant work experience required for the purpose of the licence application?
Do I need to hold an insolvency practitioner's licence if I intend to continue with and complete the administration of cases commenced under the Bankruptcy Act (Cap. 20) and/or Companies Act (Cap. 50)?
What will happen to the insolvency and debt restructuring cases commenced under the corresponding previous laws which have yet to complete administration?
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