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Insolvent trusts: pari passu indemnification of successive trustees & the importance of creditor expectations - A view from the Channel Islands, Bermuda, the BVI and Cayman

Introduction

Bermuda, British Virgin Islands, Cayman Islands, Jersey, United Kingdom, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Walkers
Insolvent trusts: pari passu indemnification of successive trustees & the importance of creditor expectations - A view from the Channel Islands, Bermuda, the BVI and Cayman

Introduction

Bermuda, British Virgin Islands, Cayman Islands, Jersey, United Kingdom, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Walkers
CIGA, Brexit and the recognition of Part 26A Restructuring Plans in Guernsey and Jersey

The Channel Islands of Guernsey and Jersey did not introduce emergency insolvency legislation as a result of the Covid-19 pandemic and do not presently have measures equivalent to those found in the UK’s Corporate Insolvency and Governance Act, 2020 (“CIGA”).

European Union, Guernsey, Jersey, United Kingdom, Insolvency & Restructuring, Litigation, Public, Walkers, Brexit, Coronavirus