Jurisdiction(s):
United Kingdom

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Key definition

Supervisor definition

What does Supervisor mean? In insolvency practice, a supervisor is the authorised insolvency practitioner appointed to oversee an approved voluntary arrangement, ensuring the debtor or company complies with the proposal and that creditor distributions are made as agreed. In England & Wales and Scotland (for companies) and in Northern Ireland, this is a statutory office that the nominee typically assumes once creditors approve a company voluntary arrangement (CVA) or, for individuals in England & Wales and Northern Ireland, an individual voluntary arrangement (IVA), under the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989. Scotland has no IVA; Scottish individuals use protected trust deeds...

Scheme of Arrangement Supervisor: Appointment, Powers, Duties, Claims Determination, Reporting, Court Directions, Covenants and Indemnities under Part 26 Companies Act 2006

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Practice notes

Administration of the scheme

The scheme document must set out in clear terms how the Scheme of Arrangement (the scheme) will be run and by whom, on an ongoing basis. Where outstanding questions remain between scheme creditors, or assets still need to be gathered in or realised for the Estate, it can be useful or required to appoint a scheme administrator. This is typically an independent party, commonly called a scheme Supervisor or scheme administrator. Such a supervisor is ordinarily either a licensed insolvency practitioner or someone with specialist expertise in the scheme company’s sector.

Role of the supervisor

The duties assigned to the scheme supervisor or administrator should be considered with care from the outset, with their authorities, scope and responsibilities defined with precision. Appointing a scheme supervisor enables that person(s) to oversee, manage and carry out the scheme, and to fulfil the duties and responsibilities the scheme imposes on them (usually acting as the company’s agent). The role of the scheme supervisor in a scheme...

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Web page updated on 21/05/2026

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