The Singapore Branch of the Chartered Institute of Arbitrators (CIArb) shall be holding the following events, for which preferential rates have been extended to Fellows/Associates of IPAS:

1. THE USE OF EXPERTS IN INTERNATIONAL CONSTRUCTION ARBITRATIONS (2 February 2012, 5.30 - 7.30pm, Maxwell Chambers, Singapore)
   

   COURSE FEE
   The standard course fee is S$80 nett, with a preferential rate of S$60 nett extended to members of various professional bodies, such as IPAS.

   Please click here for more details and registration.

2. INTRODUCTION TO INTERNATIONAL ARBITRATION (29 February 2012, 9am - 5.00pm, Maxwell Chambers, Singapore)
   

   The standard course fee is S$900 nett, with a preferential rate ofS$500 nett for full-time students and S$720 nett extended to members of various professional bodies, such as IPAS.

   Please click here for more details and registration.

Letter from IPTO request for assistance / information regarding the furnishing of security deposits by private liquidators

Dear Fellow/Associate of IPAS,

The Official Receiver is in the process of reviewing the security deposit to be furnished by private liquidators when they are appointed by the Court as the liquidator of wound-up companies and has requested for inputs from insolvency practitioners on the survey on security deposits which is available for download HERE.

The Official Receiver will greatly appreciate if you could kindly complete the survey and send it back to the Official receiver by the following modes by Thursday, 22 December 2011.

• By Mail to the Insolvency and Public Trustee's Office (Address: 45 Maxwell Road, URA Centre (East Wing), #06-11, Singapore 069118)
• By Fax (Fax Number: 65-6325 1415)
• By E-mail (E-mail Address: ching_wee_ling@ipto.gov.sg)

Please kindly contact Ms Ching Wee Ling at 65-6325 1498, should you have any queries regarding the completion of the survey form.

Official Receiver’s Costs in Release Application where Private Liquidators are Appointed as the Liquidator

Presently, since 2002, in cases where a private liquidator is appointed by the Court on the application of an applicant-creditor in a compulsory winding-up, the costs of the Official Receiver sought at the conclusion of the liquidation range from $150- $400. The amount sought and awarded by the Court would depend on the complexity of each individual case. The costs sought by the Official Receiver has not been reviewed since 2002.

Following a thorough review carried out by the Official Receiver of the practice and costs sought in cases involving the appointment of private liquidators in cases of compulsory winding up between late 2010 to mid 2011, to ensure that the resources of the Official Receiver (as a public agency) were being utilised in an efficient and cost-effective manner, the Official Receiver will revise the rates with effect from 1 Jul 2011. For simple cases, the range has been revised from $150- $400 to $600. Where cases are complex or have resulted in significant amounts of time and work carried out by the Official Receiver notwithstanding the appointment of a private liquidator, the amount of the costs sought by the Official receiver will start at $600.

Please click here for more details.

A Warm Welcome

On behalf of the Board of Directors of the Insolvency Practitioners Association of Singapore Limited (IPAS), I am pleased to launch this informational website in conjunction with the Official Launch of IPAS.

It is our hope that this website will serve as a portal for insolvency information – to communicate important developments and issues impacting our fellows, associates, practitioners in general and other industry stakeholders, as well as to update the industry of our networking, continuing education and training events.

Don Ho
Chairman & Director
Insolvency Practitioners Association of Singapore Limited

IPAS aims to be the premier professional body for the insolvency profession in Singapore.

We take this opportunity to invite you to apply to be an Associate or a Fellow of IPAS.

An Associate or Fellow of the association may describe himself as an Associate of the IPAS or Fellow of IPAS and may use, after his name, the initials AIPAS or FIPAS as the case may be.

• Benefits
• Eligibility
• Fees
• Associate/Fellow Membership Application Form
• Student Associate Membership Application Form

We welcome feedback and contributions from members via e-mail at ipas.secretariat@icpas.org.sg.