ADGM
Court-Appointed Receiverships
Court-supervised protection and management of assets.
What does this entail?
Court-appointed receivership in the ADGM is a flexible mechanism used to safeguard, manage, or realise assets where the ADGM Courts consider it “just and convenient” to appoint a receiver.
Only registered ADGM Insolvency Practitioners may act as court-appointed receivers. The receiver is an officer of the court and may be appointed over specific assets, or (where directed) the wider business.
Powers are defined by the court order and can include taking possession, managing operations, investigating transactions, pursuing or defending claims, and disposing of assets as authorised. The receiver acts impartially and reports to the court as required.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate
Court-appointed receivership is a judicial remedy that offers great flexibility and scope, particularly in cases of:
- Alleged fraud or misappropriation;
- Shareholder or boardroom deadlock;
- Contested enforcement of security;
- Risk of asset dissipation.
How we can help
We can guide and advise potential clients throughout the receivership process and/or take appointments in order to achieve the desired results.
Next steps
Contact our team for a confidential discussion if you are facing a dispute or risk of dissipation of assets.
Key Benefits
A mechanism to protect and preserve assets
- Court led process
- Independent officer accountable to the court
- Flexible powers tailored to the case
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.