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.
ADGM invites public feedback and comments on the proposed enhancements, which can be addressed to: email@example.com. The deadline for providing comments on the proposed framework is 23rd June 2022.
Please CLICK HERE to read the Consultation Paper and to have access to the proposed legislative amendments.