Corporate
Special Manager
Court-led appointment initiated by the Department of Insolvency when acting in the role of Liquidator.
What does this entail?
An application for a Special Manager (SM) can be made to the court by the Department of Insolvency (the Department), discharging the duties of the Official Receiver when acting as liquidator where the Department considers it appropriate that the company requires specialised management of its affairs going beyond the remit and/or expertise of the Department.
This application is supported by the Department’s affidavit, outlining the need for the appointment of a SM.
The court order for the appointment of the SM may determine the duration of the appointment and sets out the powers of the SM.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate?
The appointment of an SM is usually appropriate when faced with complexities or need for specific industry expertise, in an effort to preserve the business and goodwill.
How we can help
Our team has experience in such appointments and is able to advise potential clients throughout the process.
Next steps
Contact our team to discuss the way forward, which entails an early approach to the Department, explaining the need for such appointment.
Key Benefits
Preservation of business and goodwill
- SM’s actions are supervised by the court and the Department
- Appointment of professional agents to assist the SM
- Regular reports by the SM
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.