DIFC
Administration
A court-supervised process to restructure distressed companies.
What does this entail?
DIFC Administration is intended to support distressed companies by placing them under the control of an administrator, while a statutory moratorium protects the company from creditor enforcement and restricts the appointment of receivers without court consent. The process is designed to stabilise operations and create a platform for restructuring.
The administrator assumes control of the company’s affairs. Directors may remain involved under supervision depending on circumstances, but the administrator’s role is to act independently and implement a strategy aimed at preserving value and improving outcomes for stakeholders.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate?
Where an application for a Rehabilitation Plan has been made and there is evidence of fraud, mismanagement, or incompetence, creditors may apply to the Court for the appointment of an Administrator. During the period for which the order for Administration is in force, the affairs, business and property of the business shall be managed by the Administrator.
Administration is appropriate where a company is, or is likely to become, unable to pay its debts, but has a reasonable prospect of surviving by restructuring or preserving value through a formal insolvency process.
How we can help
We support boards, creditors and stakeholders with option assessment, process planning, accept appointment as administrator and implementation support through the administration process.
Next steps
Speak to our team to evaluate whether DIFC Administration is appropriate and what early actions are required.
Key Benefits
Court protection and a structured route forward
- Moratorium to pause creditor enforcement
- Independent professional oversight
- Platform to restructure or preserve value
- Greater control and transparency versus unmanaged distress
Experienced, Trusted Advisers
Our services are delivered by experienced, qualified professionals who follow a structured and transparent process, from initial assessment through to implementation. We combine technical expertise with a practical approach to ensure each engagement is managed professionally and focused on achieving appropriate outcomes for all stakeholders.