Role, powers, functions and duties of nominee or supervisor of a scheme of arrangement
Produced in partnership with Chris Mallon of Skadden
Role, powers, functions and duties of nominee or supervisor of a scheme of arrangement

The following Restructuring & Insolvency guidance note Produced in partnership with Chris Mallon of Skadden provides comprehensive and up to date legal information covering:

  • Role, powers, functions and duties of nominee or supervisor of a scheme of arrangement
  • Coronavirus (COVID-19)
  • Administration of the scheme
  • Role of the supervisor
  • Power and duties of the scheme supervisor
  • Binding the scheme supervisor to the scheme

Coronavirus (COVID-19)

This content is affected by the coronavirus (COVID-19) pandemic. For further details, take a look at our Coronavirus (COVID-19) toolkit. For related news, guidance and other resources to assist practitioners working on restructuring and insolvency matters, see: Coronavirus (COVID-19)—Restructuring & Insolvency—overview.

Administration of the scheme

The scheme document will need to specify how the scheme of arrangement (scheme) will be administered and by whom. In circumstances where there are still issues to be finally determined between scheme creditors, or assets to be collected or realised on behalf of the estate, it can be helpful or necessary to appoint a scheme administrator. This will usually be a third party, often referred to as a scheme supervisor or scheme administrator. Any such scheme supervisor is generally either a licensed insolvency practitioner or an expert in the scheme company’s industry sector.

Role of the supervisor

The role given to the scheme supervisor or administrator should be carefully thought out and the