In France, a Judicial Administrator is a professional person working in the field of economics, finance or law, appointed by a court order to administer third party assets or perform the duties of assistance or supervision in managing those assets.
His or her role is to develop, and present to the courts, solutions aimed at safeguarding a company and preserving its business under the framework of a continuation plan. It is also part of the Judicial Administrator’s mandate to receive and assess any offers to purchase a business and submit them to the court with a view to selling a company.
In addition, the Judicial Administrator is appointed to perform duties which relate to the prevention of company distress (conciliation, ad hoc missions).
An independent professional, performing his or her duties at national level and practicing a regulated profession, he or she is registered on a list established by the National Registration and Disciplinary Commission of Judicial Administrators (Commission Nationale d'Inscription et de Discipline des administrateurs judiciaires) chaired by a senior judge of the French Supreme Court (Cour de cassation).
In order to ensure their security, funds being managed are deposited with the Caisse des Dépôts et Consignation (France’s deposit and consignment fund).