NMC Health PLC’s Subsidiaries Enter Groundbreaking Administration Under the Jurisdiction of the ADGM Courts

The English High Court appointed Ben Cairns and Richard Fleming of Alvarez & Marsal as joint administrators of NMC Health on 9 April 2020, but NMC Health’s operating subsidiaries in the Middle East, including its 36 UAE-incorporated subsidiaries (the NMC Companies), are not within the jurisdiction of the English courts and are not part of the English administration process, JD Supra reported. On 27 September 2020, however, the Courts of Abu Dhabi Global Market (the ADGM Courts) placed the NMC Companies into administration and appointed Ben Cairns and Richard Fleming as administrators. How can the ADGM Courts place onshore UAE-incorporated companies into an ADGM administration process? The simple answer is that the ADGM Courts cannot – and did not – place non-ADGM companies into an ADGM administration process. Read more