Receivership is a legal regime aimed at protecting property that is disputed or threatened by an imminent danger, by placing it under the custody of a trustworthy person (the receiver) for safekeeping, management, and restitution to the party ultimately proven to be entitled thereto.
Receivership may be contractual (by agreement of the parties) or judicial (by website court order). It differs from a deposit in that it typically arises in the context of a dispute and is, as a rule, remunerated.
Legal Definition of Receivership:
Receivership is the placing of property, in respect of which a right is disputed or uncertain and which is threatened by an imminent danger, in the hands of a trustee who undertakes to preserve, manage, and return it, together with rendering accounts, to the person whose right is ultimately established.
Receivership may be established either by agreement between the disputing parties (contractual receivership) or by judicial order (judicial receivership).
Definition under Egyptian Civil Law and Jurisprudence:
Receivership is a contract whereby the parties entrust a movable, immovable, or a set of assets, which is subject to dispute or in respect of which the right is uncertain, to a third person who undertakes to preserve and manage such property and to deliver it, together with the proceeds received, to the person whose right is ultimately established.