Dubai Financial Centre Puts Trust in Islands’ Expertise

Two Channel Islands insolvency practitioners have been authorised to act as Official Liquidators in the jurisdiction of Dubai.

Alan Roberts and Adrian Rabet of Begbies Traynor are among just 10 people worldwide to be granted such authorisation by the Dubai International Finance Centre (DIFC) Registrar of Companies.

Dubai’s International Finance Centre is regulated to international standards and aspires to the stature of New York, London and Hong Kong. The DIFC has attracted high calibre companies from the Emirates and around the globe since it opened five years ago.

Alan Roberts said: “Dubai is a key international business centre housing a significant number of companies which are part of larger global organisations. As the business cycle matures in the DIFC it will require restructuring skills of qualified insolvency practitioners.

“We are extremely pleased to be granted the authority to work in this important jurisdiction which will not only benefit the offshore international arm of Begbies Traynor Group but will also enable us to advise colleagues in offices throughout the Group’s mainland UK network.”