The Distressed Cannabis Business: An Alternative to Bankruptcy

Bankruptcy is Not an Option

Bankruptcy can be a very helpful tool for a distressed business. Bankruptcy allows a business to stop collection actions, discharge certain debts, cancel unfavorable contracts, and provides breathing room to restructure the business.

Filed under:
Canada, Healthcare & Life Sciences, Insolvency & Restructuring, Product Regulation & Liability, White Collar Crime, Ocean Tomo, a part of J.S. Held, Due diligence, Anti-money laundering, Suspicious activity reporting, Receivership, Financial Crimes Enforcement Network (USA)
Authors:
Paula Durham , Scott Evans
Location:
Canada
Firm:
Ocean Tomo, a part of J.S. Held
Guernsey funds legal and regulatory update

An overview of Guernsey legislative and regulatory developments for the period 1 December 2022 to 28 February 2023 inclusive.

1 Corporate insolvency regime – update

The Companies (Guernsey) Law, 2008 (Insolvency) (Amendment) Ordinance, 2020 (the Amendment Ordinance) finally came into force on 1 January 2023.

Filed under:
Guernsey, Capital Markets, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Litigation, White Collar Crime, Mourant, Anti-money laundering, Confidential information, Suspicious activity reporting, European Court of Justice
Authors:
Darren Bacon , Frances Watson , James Cousins , Charlotte Brown , Gary Hall , Alasdair McKenzie , Annaliese McGeoch
Location:
Guernsey
Firm:
Mourant