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Trusts and insolvency - a guide

Private wealth structures are not immune from insolvency. Here we examine the Jersey and Guernsey position from the trustee's perspective and consider the issues with which a trustee needs to be familiar.

Test for insolvency

Guernsey, Jersey, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Ogier
UK Government Temporarily Suspends Wrongful Trading Rules to Assist Company Directors

Proposed changes to UK insolvency laws aim to support companies under pressure due to COVID-19.

On 28 March 2020, the UK government announced a number of reforms to UK insolvency laws:

United Kingdom, Insolvency & Restructuring, Latham & Watkins LLP, Coronavirus