E120: Professional Conduct & Ethics for Insolvency Practitioners

Programme Overview

Approved for UTAP support for intakes conducted after 1 April 2016.
NTUC members enjoy 50% (unfunded) course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc.

(Terms & Conditions apply)

Programme Objective

This seminar provides an overview of the Code of Professional Conduct and Ethics for Insolvency Practitioners by the Insolvency Practitioners Association of Singapore (the “IPAS Code”), including a discussion related to the conduct of Insolvency Practitioners as reported in media sources/government gazette in relation to integrity, objectivity and due care. Three case authorities before the Singapore court of appeal on independence and transparency will also be highlighted.

Programme Outline

The programme will cover the following aspects of or in relation to insolvency administration:

  1. Overview of the three parts of the IPAS Code
  2. The five fundamental principles of the IPAS Code
  3. The conceptual-based approaches of the IPAS Code
  4. Threats and safeguards
  5. The modus operandi of ethical conflict resolution under the IPAS Code
  6. 2 flow charts summarising (a) to (e) above
  7. Independence of insolvency practitioners with a case authority before the court of appeal
  8. Duties of insolvency practitioners in relation to selected comments made by the Chief Justice in taking lawyers to task
  9. Transparency of insolvency practitioners with two case authorities before the court of appeal
  10. Inducement to be appointed liquidator

The session will interlace with questions and answers and end with a provision in the Companies Act in relation to inducement to be appointed liquidator.

Intended For

This Intermediate level programme is intended for Insolvency Practitioners, such as Liquidators and Judicial Managers. Professionals who would like to understand more about the Professional Conduct expected of Insolvency Practitioners are welcome to attend.

Competency Mapping
Category 2: Ethics or Category 4: Insolvency and Restructuring

Training Methodology
Lecture style, with Q&A

Programme Facilitator(s)

Lee Yin Chen
Yin Chen is an approved liquidator under section 9 of the Companies Act; and a practising Chartered Accountant of Singapore. He has 10 years’ experience in insolvency administrations involving voluntary and involuntary liquidations, receivership, scheme of arrangement and compromise; he also spent a fair percentage of time in litigation support work.

Prior to insolvency administrations, Yin Chen was an auditor and was involved in some litigation support work such as shareholders’ disputes, apart from the routine auditing. In 2011, Yin Chen left his employment as a senior manager with the corporate recovery department of a large accounting and consulting service group in Singapore and set up his own liquidation practice.


Institute of Singapore Chartered Accountants (ISCA)
60 Cecil Street, ISCA House
Singapore 049709

MRT:  Raffles Place Station, Exit F

Closing Date for Registration

1 week before programme or until full enrolment.

NTUC UTAP (Union Training Assistance Programme)

NTUC members enjoy 50% (unfunded) course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme).

To apply, please visit Terms and conditions apply.


  1. Paid-up union membership before course commencement, throughout whole course duration and at the point of claim
  2. Course by training provider must be supported under UTAP, and training must commence within supported period
  3. Course must not be funded through company sponsorship or other types of funding
  4. Unfunded course fee must be S$20.00 and above
  5. Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any
  6. UTAP application must be submitted within 6 months after course end date

Please refer to the UTAP Application Guide here on how union members can apply for UTAP via the system.

Should you have queries on the funding scheme, you can email to or call NTUC Membership Hotline at 6213-8008.

Programme Details

Seminar Title E120: Professional Conduct & Ethics for Insolvency Practitioners
Duration 1.0 day(s) (7.00 ISCA CPE Hours)
Session Date 27 Oct 2016
Fee Members: $329.56
Non-Members: $398.04


27 Oct 2016  (9:00AM - 5:00PM)
   (Registration Closed)