Global Insolvency | Daily News Headlines on Insolvency Developments across the Globe

Guernsey insolvency law – administration orders

2011-08-04

Introduction

Filed under:

Guernsey, Insolvency & Restructuring, Private Client & Offshore Services, Bedell Cristin, Debt, Liability (financial accounting), Liquidation, Moratorium, European Commission, Insolvency Act 1986 (UK), Enterprise Act 2002 (UK)

Authors:

Alasdair Davidson

Location:

Guernsey

Firm:

Bedell Cristin

Timely improvements to Guernsey insolvency regime in the pipeline

2012-07-05

The States of Guernsey has announced the recommendations from the consultation carried out on proposed changes to the Companies (Guernsey) Law 2008. This coincides with a judgment from the Royal Court highlighting the timely nature of proposed changes.

The 2008 Law was the result of a wholesale revision and consolidation of the corporate legal framework. Whilst its focus was on corporate law it also encompassed the insolvency regime in Guernsey. The consultation exercise was to determine what, if any, changes may be required now that the 2008 Law had been in place for some time.