Abu Dhabi boasts first-class infrastructure and unparalleled global connectivity, making it a premier international destination. Its exceptional qualities make it an ideal location to live, work, and conduct business.
A financial centre that provides transparency, efficiency, and integrity, through its progressive frameworks, future focused infrastructure, all within a familiar independent legal jurisdiction – ADGM is the perfect platform for success.
Our community of business professionals, entrepreneurs, and investors can depend on ADGM to provide timely news and reliable insights.
At ADGM, we offer various support options, including contact details, FAQs, enquiry forms, and a whistleblowing form.
ADGM: 21 Feb 2021
The Abu Dhabi Global Market (ADGM) Registration Authority (RA) is pleased to announce its induction into the International Association of Insolvency Regulators (IAIR) in recognition of its role as ADGM’s insolvency regulator, making it the only IAIR member from the Middle East region.
The IAIR is an international body that brings together the collective experiences and expertise of government insolvency regulators from jurisdictions around the world. The ADGM RA registers insolvency practitioners in ADGM and promotes compliance through monitoring and enforcing ADGM’s insolvency framework. The RA is also responsible for the disqualification of company directors, receivers, and insolvency practitioners, where necessary and appropriate, under the ADGM Companies Regulations 2020.
Commenting on the granted IAIR membership, Mr. Dhaher Bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority, said: “ADGM is committed to delivering a world-class business and regulatory environment that promotes trust, confidence and entrepreneurship. Ensuring that there is an effective framework in place to deal with business failure plays a key role in encouraging enterprise and investment. We are delighted that the Registration Authority has been accepted as a member of the IAIR, which will facilitate our liaison with other insolvency regulators globally on current issues and best practices concerning insolvency.”
ADGM’s insolvency regime, based on an English common law legal framework, incorporates best practice and features, such as the UNCITRAL Model Law on cross-border insolvencies (with amendments). In 2020, ADGM amended its insolvency regime to allow administrators to avail priority financing by applying to the ADGM Courts for approval.
The RA’s Register of Insolvency Practitioners can be found here.
We use cookies and similar technologies that are necessary to operate the website. Additional cookies are used to perform analysis of website usage. By continuing to use our website, you consent to our use of cookies. For more information, please read our Cookies Policy.