ADGM Registration Authority Publishes Consultation Paper on its Insolvency Practitioner Regime

• The RA published the consultation paper seeking views on proposed enhancements to the ADGM insolvency practitioner regime The consultation paper aims to align and strengthen the regime with international standards and best practices.
• The consultation paper aims to align and strengthen the regime with international standards and best practices.

The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has recently published a consultation paper to seek views on proposed enhancements to its insolvency practitioner regime.

The consultation paper aims to enhance the existing framework to align and strengthen the regime with international standards and best practices. This will facilitate for an increased number of insolvency practitioners to practice within ADGM and built on the RA’s regulatory and monitoring processes currently in place for such practitioners.

The Consultation Paper should be of interest to all insolvency practitioners practicing within ADGM and to individuals and organisations operating within the ADGM, as well as their legal advisors and auditors.

ADGM invites public feedback and comments on the proposed enhancements, which can be addressed to: consultation@adgm.com. The deadline for providing comments on the proposed framework is 23rd June 2022.

Please click here (Consultation Paper No. 4 of 2022) to read the Consultation Paper and to have access to the proposed legislative amendments.