ADGM Registration Authority joins International Association of Insolvency Regulators

SectorFinancial Markets

UAE - Mubasher: The Abu Dhabi Global Market (ADGM) Registration Authority has joined the International Association of Insolvency Regulators (IAIR) to become the only IAIR member from the Middle East. The ADGM's Registration Authority is responsible for registering insolvency practitioners in ADGM, implementing ADGM’s insolvency framework, and disqualifying company directors, receivers, and insolvency practitioners, according to a press release on Sunday. As an international body, the IAIR works on gathering the experiences of government insolvency regulators from jurisdictions across the world. The CEO of the ADGM Registration Authority, Dhaher Bin Dhaher Al Mheiri, commented: "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." more...