Voluntary strike off vs voluntary winding up - a comparative guide

Introduction

This legal guide summarises the key differences between a ‘voluntary strike off’ and a ‘voluntary winding up’ under the Companies (Guernsey) Law, 2008 (Companies Law). Both procedures bring a company’s existence to an end, but they differ in purpose, process, timing, cost and risk. This legal guide is designed to help clients determine the most appropriate route based on their circumstances.

Voluntary strike off

Filed under:
Guernsey, Company & Commercial, Insolvency & Restructuring, Mourant Ozannes, Due diligence, Guernsey Financial Services Commission
Authors:
Alana Gillies Ridout , Darren Bacon , Frances Watson , Helen Wyatt , James Cousins , John Lewis , John Rochester
Location:
Guernsey
Firm:
Mourant Ozannes
Guernsey funds legal and regulatory update

An overview of Guernsey legislative and regulatory developments for the period 1 December 2022 to 28 February 2023 inclusive.

1 Corporate insolvency regime – update

The Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the Amendment Ordinance) finally came into force on 1 January 2023.

Filed under:
Guernsey, Capital Markets, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Litigation, White Collar Crime, Mourant, Anti-money laundering, Confidential information, Suspicious activity reporting, European Court of Justice
Authors:
Darren Bacon , Frances Watson , James Cousins , Charlotte Brown , Gary Hall , Alasdair McKenzie , Annaliese McGeoch
Location:
Guernsey
Firm:
Mourant