Fulltext Search
Some Good News for Depositors of Silicon Valley Bank and Signature Bank

Here is the latest regarding Silicon Valley Bank (“SVB”) and Signature Bank as of Sunday, March 12th according to the FDIC. We expect to learn more by COB Monday, March 13th:

Depositors will have access to all of their money starting Monday, March 13.

USA, Banking, Insolvency & Restructuring, BCLP, Insolvency, Federal Deposit Insurance Corporation (USA), US Department of the Treasury, Bank of England, Silicon Valley Bank
Company administration regime

Introduction
Solvency test
Standing and process
Purposes of administration
Effects of administration order
Administrator's duties and functions
Remuneration and swearing in of administrator

Guernsey, Insolvency & Restructuring, Ogier
Company administration regime

Introduction

Guernsey, Insolvency & Restructuring, Private Client & Offshore Services, Ogier
The Company Administration Regime in Guernsey

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.

Guernsey, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Ogier, International Chamber of Commerce
The Royal Court of Guernsey sanctions first scheme of arrangement relating to the restructuring of an insolvent business

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

Guernsey, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Ogier, Shareholder, Balance sheet