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In the matter of Amazing Global Technologies Limited (in liquidation) and in the matter of Kingston Management (Guernsey) Limited (in liquidation) and in the matter of the Companies (Guernsey) Law, 2008 (as amended)

Alan Roberts (the Liquidator) was the liquidator of both Kingston Management (Guernsey) Limited (KMGL) and Amazing Global Technologies Limited (AGTL).  He was appointed on 27 May 2009 and 31 May 2010 respectively. 

Guernsey, Insolvency & Restructuring, Litigation, Ogier, Liquidation
California court clarifies directors’ duties when a corporation is insolvent or in the zone of insolvency

On October 29, 2009, the California Court of Appeal, Sixth District, in Berg & Berg Enterprises, LLC v. Boyle, et al., unequivocally ruled that, under California law, directors of either an insolvent corporation or a corporation in the more elusively defined “zone of insolvency” do not owe a fiduciary duty of care or loyalty to creditors. In so ruling, California joins Delaware in clarifying directors’ duties when the corporation is insolvent or in the zone of insolvency.

Background

USA, California, Company & Commercial, Insolvency & Restructuring, Litigation, McDermott Will & Emery, Shareholder, Breach of contract, Fiduciary, Board of directors, Good faith, Duty of care, Delaware Court of Chancery, California courts of appeal, US District Court for Northern District of California
In re Tousa, Inc.: implications for solvency opinion providers

The bankruptcy court's opinion exemplifies the second guessing that can confront solvency opinion providers and highlights issues that providers should carefully vet with experienced legal counsel.

USA, Florida, Insolvency & Restructuring, Litigation, McDermott Will & Emery, Bankruptcy, Debtor, Collateral (finance), Interest, Debt, Liquidation, Balance sheet, Contingent fee, Subsidiary, United States bankruptcy court, US District Court for Southern District of Florida