ADGM
Out-of-Court Receiverships
Security enforcement under ADGM regulations, initiated by secured creditors.
What does this entail?
The ADGM framework permits secured creditors to appoint receivers pursuant to fixed or floating charges, aligned with the relevant ADGM regulations. Receivers in the ADGM must be registered ADGM Insolvency Practitioners and are expected to act diligently, transparently and in good faith.
The receivers' role is to maximise the return to secured creditors from realisation of charged assets and their primary duty of care is to the appointing creditor and the guarantors.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate
This mechanism is appropriate where a secured creditor requires a swift, flexible enforcement route following default, particularly where court proceedings are unnecessary or would cause delay. It is especially useful where assets have standalone value and recoveries can be maximised through targeted action.
How we can help
We advise financial institutions and other secured creditors on enforcement options, the appointment process and risk management. We accept appointments as receivers, where instructed, take control of charged assets and devise realisation strategies focused on value preservation.
Next steps
Contact us to discuss the receivership mechanism in more detail and we will be happy to provide appropriate guidance.
Key Benefits
Speedy and efficient realisation of charged property
- Out of court enforcement mechanism
- Regulated appointments under stringent control of ADGM standards
- Asset-value preservation
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.