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Introduction

The Companies (Guernsey) Law, 2008 (“Companies Law”) provides for companies, protected cell companies (“PCCs”), incorporated cell companies (“ICCs”) and cells of PCCs and ICCs to be placed into administration and for an administrator to be appointed to manage that entity's affairs whilst the administration order remains in force.

(12) 信托计划中受托人对股权投资应当如何进行管理?

实践中,信托计划受托人取得股权主要基于两种情形,一是基于受托而取得股权,即委托人将自己合法持有的股权作为信托财产,转移至受托人管理和处分;二是基于投资而取得股权,即委托人先把自己合法持有的信托资金或其他财产转移至受托人,进而由受托人通过管理、运用该等受托财产,以增资、受让等方式投资取得股权并对该等股权进行管理和处分。

基于受托人取得股权的不同情形,受托人对股权投资的管理责任不完全相同。

如受托人系基于受托取得股权,受托人的股东身份更接近“名义股东”,其对投资股权的管理主要受限于信托合同约定的信托财产的运用及管理方式。

In September 2012, Grant Thornton were appointed by the Royal Court of Guernsey as joint administrators of a Guernsey company called Montenegro investments limited (MIL) - a Guernsey property Investment Fund..  The joint administrators then appointed Ogier.

Current Status of MIL

This client briefing provides a general overview of schemes of arrangement for Guernsey companies under the Companies (Guernsey) Law, 2008 (the Companies Law).  A scheme of arrangement can involve almost any kind of corporate reorganisation, merger, acquisition or restructuring so long as the appropriate approvals and court sanction are obtained. In the context of restructurings, there is limited precedent in Guernsey, although such schemes of arrangement can be used to assist in insolvent/quasi-insolvent restructurings. 

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. 

Introduction

If a company is insolvent, it is either not able to pay its debts as they fall due, or its assets are less than its liabilities.  An investor/creditor will have the ability to put the company into a formal insolvency procedure and, in most cases, appoint an independent third party to take control of the assets and investigate the conduct of the company’s directors, managers and other controlling functionaries.  Defined terms in this article are the same as the terms which were defined in the potential causes of action article.