Unified UAE Legislation Database
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ADGM Insolvency Regulations (Insolvency Practitioner Fees) Rules 2022

Status

In force

Issuing Authority

ADGM

Effective date

XX.XX.XXXX

Official Link

https://

The Board of Directors of the Abu Dhabi Global Market, in implementation of section 292(4) of the Insolvency Regulations 2022, hereby makes the following Rules:

Date of Adoption: 29 August 2022

1. Citation, commencement and interpretation

(1) These Rules may be cited as the Insolvency Regulations (Insolvency Practitioner Fees) Rules 2022.

(2) In these Rules:

“Annual Insolvency Practitioner Return” has the meaning given to it in the Insolvency Practitioner Rules;

“Insolvency Practitioner” has the meaning given to it in the Regulations;

“Insolvency Practitioner Rules” means the Insolvency Regulations (Insolvency Practitioner) Rules 2022; and

“Regulations” means the Insolvency Regulations 2022.

(3) Terms used in these Rules which are defined in the Regulations shall have the meanings given to them in the Regulations.

(4) These Rules come into force on the date of their publication.

2. Fees

(1) The fees set out in the Schedule to these Rules shall apply in accordance with the Insolvency Practitioner Rules.

3. Reduction, waiver or refund of fees

(1) The Registrar may reduce, waive or refund all or part of any fee if ...